Good Afternoon Dinar Recaps,

G7 Launches Critical Minerals Alliance to Reduce Dependence on China

New partnership aims to strengthen supply chains, boost strategic resource security, and reshape global trade as nations reduce reliance on Chinese critical minerals.

Oil Prices Fall On Uncertainty Over Hormuz Reopening

2026-06-16   Shafaq News   Oil prices extended ​losses on Tuesday, as markets weighed prospects for resumption of supply through the key Strait of Hormuz against ‌shaky physical market drivers and a lack of details from a preliminary deal to end the Iran war.

By 0436 GMT, Brent crude futures fell 25 cents, or 0.3%, to $82.92 a barrel and U.S. West Texas Intermediate inched down 9 cents, or 0.1%, to $80.66 a barrel.

Good Morning Dinar Recaps,

Europe's Gas Market Survives Hormuz Shock, but Long-Term Demand Decline Looms

The recent Strait of Hormuz disruption tested Europe's energy resilience, but the greater challenge may be adapting to a future of declining natural gas demand.

Al-Zaydi's Advisor Told Kurdistan 24: There Are No Plans To Raise The Dollar Exchange Rate.

Erbil (Kurdistan24) – An advisor to the Iraqi Prime Minister denied all reports circulating about the government's intention to raise the exchange rate of the dollar against the dinar to address the current financial crisis. He indicated that although the closure of the Strait of Hormuz has significantly harmed the country's revenues, the government will not resort to increasing the dollar's value.

Who Owns the Federal Reserve?

How the Fed Remains Independent

By    Kimberly Amadeo   Updated on October 2, 2024

The Federal Reserve is the central bank of the United States. Its decisions affect the U.S. economy and, therefore, the world. This position makes it the most powerful actor in the global economy. It is not a company or a government agency. Its leader is not an elected official, which makes it seem highly suspicious to many people, because it is not subject to either voters or shareholders.1

Learn how the Federal Reserve works, who actually owns it, and how they are held accountable.

G7 Leaders Pledge To Boost Efforts To Tackle The Global Debt Crisis

Arabic and international   At their summit in Evian-les-Bains, France, the leaders of the G7 pledged to strengthen international efforts to address the growing risks of global debt that threaten economic stability and limit countries' ability to finance public services.

In a joint statement, the leaders called for increased support for heavily indebted countries, particularly those implementing economic reform programs but struggling to attract investment, while urging international financial institutions to expand their risk-sharing tools.

Good Afternoon Dinar Recaps,

Who Is Still Outside MiCA? Tether, Binance Among Leading Crypto Firms

Europe's landmark crypto regulations are entering a critical phase as major digital asset companies race to comply—or risk losing access to one of the world's largest cryptocurrency markets.