Seeds of Wisdom RV and Economics Updates Friday Morning 6-26-26

Good Morning Dinar Recaps,

Could the Hormuz Oil Shock Change the Future of Global Energy?

The reopening of the Strait of Hormuz has restored global energy flows, but the crisis may permanently reshape energy security, investment priorities, and the transition toward diversified power sources.

Overview

• The reopening of the Strait of Hormuz ended more than 100 days of disruption, but exposed the vulnerability of one of the world's most important energy chokepoints.

• Governments are reassessing long-term energy security by expanding strategic reserves, renewable energy, nuclear power, and domestic production.

• Analysts compare the event to the 1973 oil embargo, suggesting it could become another historic turning point in global energy policy.

Key Developments

1. Hormuz Reopens After Extended Disruption

After more than three months of interruptions, oil and liquefied natural gas shipments have resumed through the Strait of Hormuz, restoring a key artery for nearly 20% of global petroleum trade.

Although markets avoided severe shortages through emergency measures such as rerouted cargoes, strategic petroleum reserve releases, and reduced demand, analysts warn those measures were temporary solutions rather than permanent fixes.

2. Governments Shift Focus Toward Energy Security

The crisis reinforced that energy security is becoming just as important as affordability.

Countries heavily dependent on imported fuel—including India, Japan, Pakistan, and South Korea—are reviewing long-term strategies to reduce exposure to geopolitical disruptions through:

• Expanded strategic petroleum reserves

• Greater renewable energy investment

• Nuclear power development

• Alternative fuel technologies

• Domestic energy production

3. Europe Accelerates Its Energy Transition

Having already reduced dependence on Russian energy following the Ukraine conflict, Europe is expected to accelerate investment in renewable energy, electricity grids, storage capacity, and efficiency improvements.

Rather than increasing reliance on imported fossil fuels, policymakers are increasingly emphasizing diversification and resilience.

Why It Matters

The Hormuz crisis demonstrated that today's global energy system is more resilient than in previous decades, but it also revealed that a single geopolitical chokepoint can still threaten worldwide supply chains.

Governments are increasingly viewing renewable energy, nuclear power, strategic reserves, and diversified supply networks as national security priorities rather than solely environmental or economic policies.

Why It Matters to Foreign Currency Holders

Energy remains one of the Five Pillars of the Global Financial Reset.

As nations diversify energy sources and reduce dependence on vulnerable supply routes, capital investment, commodity pricing, inflation, sovereign debt, and global trade relationships may continue shifting. These structural changes could influence currency valuations, reserve management, and cross-border investment strategies over the coming decade.

Implications for the Global Reset

• Pillar 1 – Energy

The Hormuz disruption highlighted the growing importance of energy diversification, resilient infrastructure, and domestic production, accelerating long-term changes in global energy markets.

• Pillar 2 – Trade

Countries are expected to reduce dependence on single maritime chokepoints by diversifying suppliers, strengthening regional partnerships, and redesigning critical supply chains, reshaping international trade patterns.

Analysis

Unlike the 1973 Arab oil embargo, which primarily encouraged greater fossil fuel production alongside conservation efforts, today's crisis occurred when renewable energy, battery storage, and electric transportation have become economically competitive alternatives.

Rather than simply expanding oil production, governments are increasingly directing investment toward energy diversification, recognizing that reducing dependence on imported hydrocarbons provides greater long-term resilience.

The crisis also exposed the imbalance between energy production concentrated in politically sensitive regions and rapidly growing demand across Asia. As a result, many governments are likely to pursue a balanced strategy that combines traditional energy supplies with expanding renewable generation, nuclear power, battery storage, and modern electricity infrastructure.

Perhaps the most significant lesson is that energy security has become a central national security issue. While oil and natural gas will remain essential for decades, the Hormuz crisis may be remembered as the event that accelerated the world's transition toward a more diversified global energy system.

This is not just about oil—it reflects the accelerating global shift toward energy security, diversified supply chains, and the restructuring of the world's economic foundations.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – International Energy Agency outlook and global energy investment coverage

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:    • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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MilitiaMan & CREW IRAQ DINAR UPDATE-"Convergences Exploding: Cabinet, ASYCUDA & Pipeline All Moving at Once!"

MilitiaMan & CREW IRAQ DINAR UPDATE-"Convergences Exploding: Cabinet, ASYCUDA & Pipeline All Moving at Once!"

6-25-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=yY94TI1ZIQA

Iraq Economic News and Points To Ponder Thursday Evening 6-25-26

French Public Debt Hits A New Record High, Exceeding 3.5 Trillion Euros

Arabic and international   French public debt reached a new record high in the first quarter of 2026, exceeding the 3.5 trillion euro mark for the first time.

 According to a report by the National Institute of Statistics and Economic Studies in France, public debt at the end of the first quarter of 2026 amounted to approximately 3,536.1 billion euros.

he institute noted that exceeding the €3.5 trillion mark is a first in the country's history. The debt-to-GDP ratio also reached 117.5%, slightly below the peak of 117.8% recorded in 2021.

This figure places France third among EU countries in terms of debt size, after Greece and Italy.

Former French Prime Minister Francois Bayrou stated in August 2025 that the public debt was increasing at a rate of five thousand euros every second, while the then acting Interior Minister Bruno Retailleau confirmed that the country had never before been so close to the risk of financial collapse https://www.economy-news.net/content.php?id=70703

The Prime Minister Arrives In Karbala And Follows Up On The Implementation Of The Procedures Related To The Ashura Pilgrimage Ceremonies.

Localities   Prime Minister Ali Faleh al-Zaidi arrived in the holy city of Karbala on Thursday. While monitoring the implementation of procedures for the Ashura commemorations, he directed the organization of processions and the provision of transportation to ensure the smooth return of pilgrims.

The Prime Minister's Media Office stated in a press release that "Prime Minister and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, arrived in the holy city of Karbala today, Thursday, as part of his on-site monitoring of the implementation of service and security plans for the Ashura commemorations, in the presence of a number of officials and military and security leaders." The statement

added that "the Prime Minister chaired a meeting during which he received a detailed briefing on the security and service plan for the pilgrimage. He emphasized that the pilgrimage to Imam Hussein (peace be upon him) is no longer a local event but has become a global one, for Hussein (peace be upon him) belongs to all of humanity. His revolution embodied the principles of truth in confronting falsehood, rejecting injustice, and fighting corruption."

According to the statement, Al-Zaydi stressed the importance of projecting a positive image to the millions of pilgrims arriving from outside Iraq, from the moment they arrive until their departure, by providing the best possible services, attention, and care.

In this context, Al-Zaydi directed the organization of the processions, emphasizing the need to consider service and security aspects, as well as the smooth flow of traffic, particularly during the Ashura procession.

The Prime Minister also directed the provision of transportation to ensure the smooth return of pilgrims after the completion of the pilgrimage rituals without delay, noting the importance of coordination between relevant authorities and volunteers who will play an active role during the pilgrimage.

During his visit, the Prime Minister toured several processions and met with pilgrims, expressing his praise and appreciation for the significant efforts made by the procession organizers in serving the pilgrims.

https://www.economy-news.net/content.php?id=70707

The European Union Extends Economic Sanctions Against Russia Until 2027

Arabic and international    The European Union Council announced on Thursday that it is extending economic sanctions against Russia for an additional year, until July 31, 2027, due to the war in Ukraine.

The council said in a statement that the decision comes in response to what it described as Russia’s continued destabilization of Ukraine, noting that the sanctions include the trade, finance, energy and dual-use technology sectors, as well as Russian oil and a number of Russian banks and media outlets.

The European Union confirmed its readiness to take further action against Moscow, while EU leaders agreed during their summit in Brussels to extend sanctions for a full year, while calling for the acceleration of the adoption of a new package of restrictive measures against Russia.https://www.economy-news.net/content.php?id=70706

France, Italy Agree On Post-Unifil Coalition For Lebanon

2026-06-25 Shafaq News- Paris   Italy and France agreed to form a coalition to support Lebanon after the mandate of the United Nations Interim Force in Lebanon (UNIFIL) expires at the end of this year, Italian Prime Minister Giorgia Meloni announced on Thursday.

Speaking at a joint press conference with French President Emmanuel Macron, Meloni said that the two leaders discussed the possibility of holding an international conference dedicated to supporting Lebanon during the post-UNIFIL phase. She noted that Italy and France "can certainly make a difference," adding that an international presence is needed to prevent "a highly dangerous security vacuum."

Macron said Paris and Rome want to launch the coalition in coordination with the European Union and the United Nations, “to strengthen Lebanon's sovereignty and armed forces and prevent the country's territory from becoming a base for regional escalation.”

https://x.com/GiorgiaMeloni/status/2070184315757953365?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2070184315757953365%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fshafaq.com%2Fen%2FWorld%2FFrance-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

UNIFIL was first deployed in 1978 after Israel’s advance into southern Lebanon, and its mandate expanded in 2006 following the July Israel–Hezbollah war. The peacekeeping mission includes troops from more than 40 countries and conducts patrols along the Blue Line, a 120-kilometer boundary set by the UN in 2000 following Israel's withdrawal from Lebanon.

https://www.shafaq.com/en/World/France-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

Iraq Denies Plans To Leave OPEC, Urges Higher Oil Production Quota

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

ERBIL (Kurdistan24) – Iraq has reaffirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), dismissing reports that it is considering withdrawing from the oil-producing alliance, while calling for an increase in its production quota to reflect the country's economic and security challenges.

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

The ministry stressed that production baselines should be reviewed to ensure they accurately reflect the sustainable production capacities of member states and take into account "Iraq's unique security and economic circumstances."

Addressing speculation about a possible Iraqi exit from OPEC, Oil Ministry spokesperson Salim al-Rikabi told AFP that Iraq "has no intention of withdrawing from the organization and remains committed to its mechanisms."

However, Rikabi emphasized that Iraq expects a fair adjustment to its production allocation.

"OPEC has to raise Iraq's production quota. Otherwise, a decision will have to be made about whether to stay or leave the organization," he said, while reiterating that Baghdad remains engaged within the group's framework.

The ministry also rejected reports suggesting that Iraq was preparing to leave OPEC, stating that such claims "do not reflect" the government's official position.

According to the ministry, OPEC has already begun reassessing the production capacities of its member states. Iraqi officials expressed confidence that fellow members understand the country's circumstances following decades of wars, economic sanctions, and recent attacks on oil infrastructure during the regional conflict.

The ministry added that these factors would be taken into consideration to ensure Iraqi oil production reaches a "fair level."

Iraq, a founding member of OPEC, relies heavily on crude exports, which account for approximately 90 percent of government revenues. The country's oil industry was significantly affected by the recent Middle East war and Iran's temporary blockade of the Strait of Hormuz, which disrupted exports and forced production adjustments across the region.

During the conflict, several Iraqi oil fields were targeted by drone attacks.

Before the outbreak of the war, Iraq produced around four million barrels of oil per day and exported an average of 3.5 million barrels daily, most of it through the Strait of Hormuz.

An Iraqi withdrawal from OPEC would represent a major setback for the organization, particularly after the departure of the United Arab Emirates earlier this year, which cited national economic interests and long-term diversification plans as reasons for leaving the organization.

https://www.kurdistan24.net/en/story/922075/iraq-denies-plans-to-leave-opec-urges-higher-oil-production-quota

Iraq Says No Obstacles Remain To Kurdistan Region Oil Exports

Iraq's Oil Ministry says no barriers remain to the production and export of oil from the Kurdistan Region

ERBIL (Kurdistan24) - Iraq's Oil Ministry has reiterated that no obstacles remain to the production and export of oil from the Kurdistan Region, as major international operators continue returning to work after completing repairs at fields damaged during recent attacks.

Speaking to Kurdistan24 on Thursday, Salim Rokabi, spokesperson for Iraq's Oil Ministry, said there were no remaining issues preventing the production or export of Kurdistan Region oil.

"We are only waiting for all oil companies to return to work at the oil fields and resume their operations once again," Rokabi said.

Companies return in phases

The remarks come as the Kurdistan Regional Government (KRG) announced that international oil companies have begun gradually restoring production following the completion of rehabilitation work at affected facilities.

KRG spokesperson Peshawa Hawramani said operators are returning according to a phased timetable after repairs were completed at fields that sustained damage during recent attacks.

According to Hawramani, HKN has already resumed production at a rate of 7,000 barrels per day and is scheduled to restart operations at the Atrush oil field on Sunday, June 28.

He also confirmed that Gulf Keystone has resumed production at the Shaikan field, while DNO is expected to restart operations on Friday at the Tawke and Peshkabir fields.

Meanwhile, Hunt Oil is scheduled to return to operations on July 8.

Hawramani said the delayed return of some companies was linked to the extensive damage inflicted on oil infrastructure during the attacks.

He explained that affected operators required additional time and technical preparations to rehabilitate facilities and restore them to normal operating conditions before production could resume.

The KRG spokesperson noted that companies are returning to work in stages as repair and maintenance efforts are completed across the region's oil sector.

The announcements from both Baghdad and Erbil signal continued progress toward restoring activity in the Kurdistan Region's energy sector after months of disruption.

While production is resuming gradually, Iraqi officials say all necessary conditions are now in place for exports to proceed once companies fully return to their fields and operations reach normal levels.

The latest developments provide the clearest indication yet that oil production across the Kurdistan Region is moving toward recovery, with major international operators steadily returning to service following the completion of repair work.

https://www.kurdistan24.net/en/story/922033/iraq-says-no-obstacles-remain-to-kurdistan-region-oil-exports

Judiciary Orders Legal Action Against Polluters In Iraq

2026-06-25 Shafaq News- Najaf   Iraq's Supreme Judicial Council instructed courts to pursue legal action against any entity responsible for environmental pollution, including government institutions, to strengthen enforcement of environmental protection laws.

Jamal Abdul Zaid Shalaka, director of Najaf's Environment Directorate, told Shafaq News on Thursday that the directive, which followed a June 23 request from the Ministry of Environment for stricter enforcement, requires competent courts to apply Article 32 of the Protection and Improvement of Environment Law No. 27 of 2009 equally to public and private entities by prosecuting those responsible for environmental violations. It also obliges violators to eliminate sources of pollution, restore damaged areas, and compensate those affected in accordance with Iraqi law.

Earlier this month, a specialized environmental team identified 54 pollution hotspots and environmental violations affecting water quality along the Euphrates River from the Iraq-Syria border to Haditha Lake.

Environmental expert Samim Salam Abu Furat told Shafaq News that the four-day survey documented untreated sewage discharges, illegal sand quarries, poultry waste and animal carcasses dumped into the river, unlicensed fish ponds, construction debris obstructing water flow, and encroachments along the riverbanks.

Read more: The cost of filth: Iraq among the world’s most polluted nations

https://www.shafaq.com/en/society/Judiciary-orders-legal-action-against-polluters-in-Iraq

Erbil Marks Ashura With 400kg Community Meal

2026-06-25 Shafaq News- Erbil   An Ashura mawkib* in Erbil turned 400 kilograms of meat into free meals on Thursday evening, feeding mourners and visitors in a city where the annual commemoration is marked through food, service, and collective memory.

Ashura, observed on the 10th day of Muharram, the first month of the Islamic calendar, marks the killing of Imam Hussein bin Ali, the third Shia Imam, at the Battle of Karbala in 680 CE. For Shia Muslims, the day carries themes of sacrifice, dignity, and standing for truth against power.

Um Mustafa, who runs the mawkib, told Shafaq News that she organizes the initiative every year in Erbil. Volunteers cook rice and qeema, a meat-based Iraqi dish commonly served at religious gatherings, before distributing the meals free of charge to mourners and passersby.

The initiative is meant to “preserve Ashura rituals” and serve those taking part in the commemoration.

While Iraq’s largest Ashura gatherings take place in Karbala and Najaf, the rituals are also observed annually in the Kurdistan Region, including in Erbil, where black banners, mourning gatherings, and food distribution mark the day.

* A mawkib is a volunteer service station that provides food and support during religious commemorations.

https://www.shafaq.com/en/Kurdistan/Erbil-marks-Ashura-with-400kg-community-meal

Seeds of Wisdom RV and Economics Updates Thursday Evening 6-25-26

Good Evening Dinar Recaps,

India and Venezuela Strengthen Energy Alliance as Global Oil Supply Chains Shift

India and Venezuela are expanding their energy partnership as both nations seek greater supply security and long-term cooperation amid ongoing geopolitical uncertainty in global energy markets.

Overview

• India is increasing engagement with Venezuela to diversify crude oil supplies and strengthen long-term energy security.

• Venezuela is seeking new investment to rebuild its oil industry and expand production following years of sanctions and declining output.

• The growing partnership highlights the rise of South-South cooperation as emerging economies reshape global energy trade.

Key Developments

1. India Expands Energy Cooperation with Venezuela

India's Petroleum and Natural Gas Minister Hardeep Singh Puri met with Venezuelan Interim President Delcy Rodríguez in New Delhi to discuss expanding cooperation across the oil and gas sector. Indian companies expressed interest in increasing investments in Venezuelan exploration, production, refining, and energy infrastructure projects.

2. Venezuelan Oil Returns to India

Following the easing of certain U.S. sanctions earlier this year, Indian refiners have resumed importing Venezuelan crude. Venezuela has quickly re-emerged as one of India's important oil suppliers, supporting New Delhi's strategy of reducing dependence on any single energy source.

3. Long-Term Investment Replaces Short-Term Buying

Rather than relying solely on spot market purchases, both governments are exploring long-term supply agreements, joint ventures, and direct investment opportunities designed to provide greater stability for both producers and consumers.

Why It Matters

The renewed partnership reflects changing global energy dynamics as countries seek to diversify supply chains following geopolitical disruptions in the Middle East and elsewhere. India, now one of the world's largest energy consumers, is prioritizing reliable oil supplies to support continued economic growth, while Venezuela hopes foreign investment will help restore production capacity and modernize its energy infrastructure.

The agreement also illustrates the growing importance of South-South economic cooperation, where emerging economies increasingly pursue strategic partnerships outside traditional Western-led energy networks.

Why It Matters to Foreign Currency Holders

Energy remains one of the most important drivers of global inflation, trade balances, and monetary policy. Expanded oil production and diversified supply agreements could help stabilize energy prices, easing inflationary pressures that influence central bank decisions and global currency markets.

For those following the Global Financial Reset, the continued realignment of international energy partnerships reflects the broader movement toward a more multipolar global economic system, where emerging nations play a larger role in shaping trade and financial flows.

Implications for the Global Reset

• Pillar 1: Debt

More stable energy prices could help reduce inflationary pressures and ease government borrowing costs worldwide.

• Pillar 2: Trade

India's growing relationship with Venezuela reflects the continued diversification of global trade routes and supply chains beyond traditional Western markets.

• Pillar 3: Assets

Investment into Venezuela's energy sector could increase the value of strategic natural resources while strengthening commodity-backed economic activity.

• Pillar 4: Technology

Expanded investment may accelerate modernization of Venezuela's energy infrastructure, refining capacity, and production technologies.

• Pillar 5: Energy

The partnership reinforces the global shift toward diversified energy sourcing as nations seek greater resilience against geopolitical disruptions.

Looking Ahead

Future discussions are expected to move beyond crude oil purchases toward broader investment agreements and joint development projects. While U.S. sanctions policy remains an important variable, continued cooperation between India and Venezuela could strengthen energy security for both nations and further reshape global energy trade patterns.

This is not just about oil—it reflects the accelerating shift toward a more multipolar global energy system where emerging economies are forging new alliances that could reshape trade, investment, and the future financial landscape.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy: ‘India and Venezuela Seek Deeper Energy Ties Amid Global Supply Uncertainty’ 

• Reuters: Venezuela seeks expand energy cooperation with India 2026-06-25

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A $100 Trillion Currency Crisis Just Started (You won’t believe this!)

A $100 Trillion Currency Crisis Just Started (You won’t believe this!)

George Gammon:  6-25-2026

Recent discussions about a “dollar reset” might conjure images of a weakening U.S. dollar, losing its footing as the world’s premier safety asset and global reserve currency. However, the reality unfolding in global markets presents a more nuanced, and in some ways, counter-intuitive picture.

Far from collapsing, the U.S. dollar is currently exhibiting remarkable strength, appreciating sharply against many other major currencies. This dynamic is not a sign of stability, but rather a symptom of profound global economic shifts, geopolitical tensions, and divergent monetary policies that are creating a unique set of challenges for economies worldwide.

This powerful dollar appreciation is largely driven by a confluence of factors, including escalating geopolitical conflicts and significant economic policy shifts, particularly from the U.S. Federal Reserve.

We’re seeing rising oil prices, which inherently boost dollar demand since crude oil is predominantly priced in dollars. Moreover, substantial interest rate differentials, with the Federal Reserve maintaining higher rates compared to other central banks, notably the Bank of Japan, are attracting capital flows into dollar-denominated assets.

This combination creates a potent feedback loop: as other currencies weaken, countries often attempt to subsidize local fuel prices to cushion their economies, inadvertently increasing the supply of their local currency and further strengthening the dollar. This complex interplay, as highlighted in recent analyses, suggests a looming “doom loop” where global trading partners face increasing economic unsustainability, potentially impacting both their own prosperity and the American economy by extension.

Understanding the magnitude of this shift requires a look at indicators like the DXY index, which measures the U.S. dollar against a basket of foreign currencies. A sharp increase in the DXY signals a significantly stronger dollar, an event that carries enormous ramifications globally, extending far beyond domestic inflation concerns in the U.S.

This upward trend points to the deep interconnectedness between global currency markets and the everyday consumer prices and economic stability experienced around the world.

A key driver of this dollar demand stems from the pronounced interest rate differentials. The Federal Reserve’s decisions to raise interest rates have created a significant gap compared to other major economies, particularly against the Bank of Japan’s ultralow rates.

This yield advantage materially boosts demand for the dollar, as investors seek higher returns. This isn’t solely about current rates but also market expectations regarding the persistence of this gap, which profoundly influences global capital flows and exchange rates.

The often-underrated impact of the petro-dollar system also plays a crucial role. The global oil market relies heavily on the U.S. dollar for pricing and transactions, essentially forcing countries to acquire dollars for essential energy imports. This mechanism ensures an entrenched global demand for the dollar, even as other currencies struggle. It vividly illustrates why the “petro-dollar” remains a critical, foundational component of international economics and the U.S. dollar’s reserve currency status, defying many predictions of its decline.

Japan serves as a compelling case study for this “currency doom loop.” The nation’s attempts to subsidize gasoline prices, while aimed at shielding consumers, appear to be a central factor exacerbating the yen’s weakness. By providing yen to wholesalers who then exchange it for dollars to purchase oil, this governmental action not only depreciates the yen but also effectively increases oil prices when denominated in yen.

This generates a negative feedback cycle with increasingly adverse economic impacts. Despite interventions by Japan’s Ministry of Finance and central bank, including interest rate increases and the strategic use of FX reserves, the yen has struggled to stabilize against the dollar. This situation highlights a potential loss of monetary policy control, foreshadowing a possible currency strain that could ripple through other foreign exchange reserves globally.

The implications of these dynamics are far-reaching, particularly concerning global economic interdependence. The U.S. economy relies heavily on robust trading partners who provide goods and services in exchange for dollars. If the stronger dollar dynamics continue to weaken these partners economically, it could reduce the flow of goods, services, and ultimately, dollars back to the U.S. This scenario could lead to a severe economic downturn, echoing historical collapses caused by the disruption or loss of vital trade networks.

A historical parallel often cited is the collapse of Egypt around 1200 BC, attributed in part to the destruction of its trading partners by the “Sea Peoples.” This serves as a potent warning about the fragility of empires that depend on open and stable trade. While the U.S. dollar’s dominance is currently unmistakable, its very strength could inadvertently destabilize its global economic collaborators, potentially undermining its own long-term economic base.

This historical cautionary tale underscores the need for strategic interventions and a deeper understanding of these interconnected global financial forces.

For individuals, understanding these seismic economic shifts is paramount. As the global economic landscape continues to evolve, being informed about these underlying currency dynamics and their potential ramifications can be crucial for protecting personal assets and potentially identifying opportunities arising from these significant changes.

https://www.youtube.com/watch?v=kGK6CyiNj3g

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 6-25-26

Good Afternoon Dinar Recaps,

US-Iran Deal Challenges Netanyahu’s Political Influence as Regional Diplomacy Shifts

Israel’s long-standing influence over U.S. Iran policy is facing new scrutiny as Washington pursues diplomacy with Tehran, creating fresh political challenges for Prime Minister Benjamin Netanyahu.

Overview

• The emerging U.S.-Iran peace framework has raised questions about Israel’s ability to shape U.S. policy toward Tehran.

• Prime Minister Benjamin Netanyahu now faces growing domestic and diplomatic pressure as Washington prioritizes negotiations over military escalation.

• The outcome of the next phase of U.S.-Iran talks could reshape Middle East alliances, energy security, and regional geopolitical dynamics.

Key Developments

1. Washington Prioritizes Diplomacy

The Trump administration has continued advancing negotiations with Iran, despite concerns expressed by Israeli leaders. U.S. officials are focused on pursuing a broader diplomatic settlement that addresses regional stability, maritime security, and Iran's nuclear program while avoiding a prolonged regional conflict.

2. Netanyahu's Political Position Faces New Pressure

For years, Benjamin Netanyahu built much of his political reputation on maintaining close relationships with U.S. presidents while influencing American policy toward Iran. Analysts now suggest that direct U.S.-Iran negotiations reduce Israel's leverage in Washington and weaken one of Netanyahu's strongest political arguments heading into future elections.

3. Regional Strategy Becomes More Complex

The diplomatic framework includes broader discussions involving Lebanon, Qatar, Gulf nations, and regional security. As more Middle Eastern countries pursue diplomatic engagement alongside security concerns, Israel faces a more complicated regional environment than in previous years.

Why It Matters

The developments represent more than a political challenge for Israel. They may signal a broader shift in how the United States approaches Middle East diplomacy, with negotiations increasingly taking precedence over military pressure. Financial markets continue to monitor these talks closely because any lasting agreement could influence oil prices, inflation, defense spending, and global investor confidence.

Why It Matters to Foreign Currency Holders

For those watching a potential Global Financial Reset, Middle East stability remains closely tied to energy markets, inflation, central bank policy, and global trade flows.

A successful agreement that keeps the Strait of Hormuz open could reduce energy-related inflation pressures, while prolonged diplomatic progress may support greater financial stability. Conversely, any breakdown in negotiations could quickly reignite market volatility.

Implications for the Global Reset

• Pillar 1: Debt

Lower energy costs could ease inflation pressures and reduce fiscal strain on governments.

• Pillar 2:  Trade

 Stable shipping lanes through the Strait of Hormuz would support global commerce and international supply chains.

• Pillar 3:  Assets

Reduced geopolitical risk often influences demand for gold, oil, and safe-haven currencies, while improving overall market sentiment.

• Pillar 4: Technology

Greater regional stability supports continued investment in strategic technologies and critical infrastructure.

• Pillar 5:  Energy

The outcome of U.S.-Iran diplomacy will remain one of the most important drivers of global energy security and oil market stability.

Looking Ahead

Negotiations over the coming weeks will determine whether the current framework develops into a broader agreement. Israel will seek security assurances while Washington attempts to balance diplomacy with regional deterrence. The durability of any agreement will depend on implementation, verification measures, and continued cooperation among regional stakeholders.

This is not just about Israel and Iran—it reflects the growing shift toward diplomacy as global powers reshape the geopolitical and economic landscape that underpins energy markets, trade, and international financial stability.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy: https://moderndiplomacy.eu/2026/06/25/us-iran-deal-threatens-netanyahus-political-standing-and-regional-influence/

• Reuters: https://www.reuters.com/world/middle-east/rubio-visits-bahrain-seeking-gulf-backing-iran-deal-2026-06-25/

~~~~~~~~~~

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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Thursday Iraq News Posted by Tishwash at TNT 6-25-2026

TNT:

Tishwash:  The Central Bank Governor emphasizes to the US Chargé d'Affaires the importance of implementing the banking reform plan

 Central Bank Governor Nizar Nasser Hussein stressed to the US Chargé d'Affaires Joshua Harris on Wednesday the importance of implementing the banking reform plan.

 The media office of the governor of the Central Bank stated in a statement received by the Iraqi News Agency (INA) that “the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, who congratulated the Governor on assuming the position.” 

He added that "during the meeting, prospects for strengthening the strategic partnership and common issues between the two countries were discussed, and the importance of supporting monetary and economic stability was emphasized, in line with the requirements of political and security stability in Iraq."

According to the statement, Harris affirmed "the United States' keenness to strengthen its relations with Iraq, and to support everything that would consolidate stability and keep the country away from any factors that might contribute to destabilizing its situation."

He praised "the significant reform developments undertaken by the Central Bank of Iraq, and the distinguished and productive relations it has with the US Treasury Department and the Federal Reserve."

For his part, the governor expressed his "appreciation for the relationship between the Central Bank of Iraq and the United States of America," explaining "the importance of implementing the banking reform plan and working to adapt it to achieve the interests of the Iraqi banking sector, in accordance with international standards related to foreign transfer operations, and regulating the sale of dollars according to the best practices required towards the banking sector."

At the conclusion of the meeting, Harris expressed "full readiness to continue supporting the efforts of the Central Bank of Iraq, enabling it to achieve its goals in promoting financial and monetary stability  link

Tishwash:  Iraq-U.S. Ties to Shift from Military Cooperation to Economic Partnership, PM Says

Al-Zaidi added that Iraq's relationship with the United States is entering a new phase, saying, "The relationship with the United States will shift from a military one to an economic partnership."

Iraqi Prime Minister Ali al-Zaidi said on Wednesday that relations between Iraq and the United States are set to transition from a military-focused partnership to one centered on economic cooperation, while emphasizing his government's commitment to combating corruption and strengthening state authority.

Speaking to IMI, al-Zaidi said that fighting corruption remains his top priority.

"Combating corruption is at the top of my priorities," the prime minister stated.

Al-Zaidi added that Iraq's relationship with the United States is entering a new phase, saying, "The relationship with the United States will shift from a military one to an economic partnership."

He also noted progress in efforts to consolidate state control over weapons, stating that "most factions have already begun handing over their weapons to the state."

Addressing Iraq's energy sector, al-Zaidi said Baghdad wants the Organization of the Petroleum Exporting Countries to increase Iraq's oil production quota in line with the country's production capabilities and population size.

"We want OPEC to increase our oil production in line with Iraq's oil capabilities and population size," he said.

The prime minister further stated that the complete withdrawal of U.S. forces from Iraq would eliminate the rationale for armed resistance groups operating in the country.

"After the withdrawal of all U.S. forces, there will be no justification or need for any resistance in Iraq," al-Zaidi said.

Al-Zaidi is scheduled to visit Washington, D.C. in mid-July for talks with U.S. President Donald Trump at the White House. The visit will mark his first official trip abroad since assuming office in May. link

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Tishwash:  International oil companies resume operations in the Kurdistan Region's oil fields.

The spokesman for the Kurdistan Regional Government, Peshwa Hawrami, announced on Wednesday (June 24, 2026) that oil companies have begun resuming their production operations in the region's fields according to a specific timetable.

Hawrami explained that the companies “HKN” and “Gulf Keystone” have already started production, while the companies “DNO” and “Hunt Oil” will join them successively in the coming days, after completing the rehabilitation of the oil sites damaged by previous attacks to ensure the continuity of production in a safe manner.

The official spokesperson stated in a statement received by Network 964 that “Regarding the resumption of oil companies’ operations in the Kurdistan Region, HKN has resumed its production at a rate of 7,000 barrels per day, and will resume production in the Atrush field next Sunday. As for the Leshkan field, Gulf Keystone has started production today, while DNO will resume its production in the Tawk and Fishkhabur fields next Friday.”

He added that Hunt Oil would resume its operations on July 8.

He added that “these companies have suffered serious damage as a result of previous attacks targeting oil fields, which necessitated the temporary cessation of work by some of them to rehabilitate and renovate the damaged sites, a measure that was necessary to ensure the safe continuation of production.”  link

Tishwash:  Iraq is considering withdrawing from OPEC and is moving towards increasing its oil exports independently.

 Government sources revealed on Wednesday that Iraq is considering a proposal to increase its oil exports outside of OPEC regulations to compensate for the shortfall that occurred during the war.

Sources told Shafaq News Agency that "Iraq is studying the repercussions and consequences of exceeding the oil production ceiling set by OPEC due to the oversupply of crude oil and the impact of this on the buying and selling price."

She added, "If OPEC rejects Iraq's proposals to raise the production ceiling, similar to some of its member states, it may resort to withdrawing from OPEC, thus providing it with sufficient space to raise the production and marketing ceiling."

She added that "the proposal to increase production or withdraw from OPEC may be realized after Prime Minister Ali al-Zaidi's visit to Washington in the middle of next month."

Earlier today, Basra Oil Company directed the suspension of pumping and reduction of production at the West Qurna/2 field, due to the continued state of "force majeure ".

A document issued by the company, which was received by Shafaq News Agency, stated that due to the continued state of force majeure in the region and the unavailability of tankers, please stop pumping by (100%) and reduce production to (50) thousand barrels and store it in your tanks, starting from 12 pm yesterday, corresponding to June 23rd .

This comes at a time when Iraqi oil prices recorded a sharp decline during trading on Wednesday, as Basra Heavy crude fell by 4.09% to $45.78 per barrel, while Basra Medium crude fell by 3.91% to $47.88, coinciding with a decline in crude prices in global markets .

Brent crude fell 0.71% to $76.53 a barrel, while US West Texas Intermediate crude fell by the same percentage to $72.69 a barrel, and UAE Murban crude dropped 1.64% to $69.63 .

An official source in the state-owned North Oil Company revealed earlier on Wednesday that the preparation and readiness of the Iraqi-Turkish pipeline extending from Kirkuk to the Turkish port of Ceyhan has been completed, confirming that trial pumping through the pipeline will begin within two weeks in preparation for resuming exports in a stable manner .

Iraq had asked Turkey to extend the Kirkuk-Ceyhan oil pipeline agreement for at least a year, in a move aimed at giving both sides more time to negotiate a new agreement regulating oil exports through this vital route.

Iran had lifted the de facto blockade of the strait last week after agreeing with the United States to extend the ceasefire for 60 days, before the Iranian Revolutionary Guard announced on Saturday that it was closing the waterway again in response to Israeli strikes in Lebanon, while the US military confirmed that commercial ships continued to operate  link

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Tishwash:  Saleh: Iraq needs a comprehensive revolution in economic diversification.

The government believes that increasing the production and export capacities of oil and oil derivatives is a priority at the present stage, which will enhance public revenues and restore to Iraq part of its share in global markets.

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Wednesday that diversifying the country’s sources of financial funding has become “an unavoidable necessity” after the Hormuz shock and the resulting financial conditions in the country, given that Iraq relies almost entirely on revenues from exported crude oil.

Saleh said that the importance of parallel work lies in raising the export capacities of crude oil and oil derivatives in order to restore Iraq’s rightful place in the global market.

In reviewing the current production situation, Saleh explained that Iraq currently produces about 4 million barrels per day, of which 1 million barrels are directed to meet local needs and activities, while the remaining 3 million barrels are exported.

He pointed out that “this figure does not reflect the true weight of the country,” indicating that “Iraq’s supposed share in the international market should not be less than 7 million barrels per day or more.”

He also pointed out that “the successive wars, conflicts and crises that have plagued Iraq since the 1980s have caused its historical oil shares to go to other countries.”

The financial advisor added that “the current stability gives Iraq a favorable and available opportunity today to rearrange its economic papers, by raising production and export capacities, with a focus on expanding the export of high value-added oil derivatives instead of relying entirely on crude oil.”

Saleh concluded his remarks by emphasizing the government’s vision of achieving a “ comprehensive diversification revolution ” covering the oil, industrial and agricultural sectors alike, ensuring the building of a resilient economy capable of withstanding price fluctuations in global markets and achieving sustainable development.  link

Iraq Economic News And Points To Ponder Thursday Morning 6-25-26

The Dollar Is Rising Sharply Towards Its Biggest Monthly Gain.

Money and Business Economy News - Follow-up   The dollar has risen sharply and is on track for its biggest monthly gain in a year on Thursday, as traders bet on higher interest rates in the United States.

The dollar broke through the 1.14 level against the euro this week, reaching its strongest level in 13 months at $1.1325 overnight, before settling in Asian trading at around $1.1353.

The dollar index, which measures the performance of the US currency against a basket of six other major currencies, hit a 13-month high of 101.8 overnight and opened the Asian trading session at around 101.6.

The war with Iran and the sharp rise in oil prices have shifted market expectations for a US interest rate cut this year, and the hawkish tone adopted by the new Federal Reserve Chairman Kevin Warsh last week has led traders to expect an interest rate hike by last October. https://www.economy-news.net/content.php?id=70670

Al-Nassiri: The Rise In The Dollar Exchange Rate In The Parallel Market Is Temporary, And Maintaining The General Price Level Is Under Control.

Money and Business Economy News - Baghdad  Economic and banking advisor Samir Al-Nassiri stated on Thursday that the rise in the exchange rate of the US dollar in the parallel market is temporary and is due to rumors and speculation in the markets, stressing that there is no risk of an increase in the costs of importing basic commodities.

Al-Nassiri explained to “Al-Eqtisad News” that only 5% of the dollars that the Central Bank sells daily to travelers are traded in the black market, and the remainder falls into the hands of speculators who manipulate prices.

He explained that the remaining 95% is secured by the Central Bank at the official rate for traders to import from abroad, and therefore there is no risk of an increase in the prices of imported basic commodities. The overall level of food and basic commodities is under control.

According to Al-Nassiri, "The fluctuation in the dollar exchange rate is due to speculators and economic variables because of the closure of the Strait of Hormuz and the effects of the regional war."

He stressed that this situation is temporary, and the exchange rate will gradually stabilize as conditions in the region calm down, the Strait of Hormuz is opened, and oil exports resume in the planned export quantities.

https://www.economy-news.net/content.php?id=70678

Gold Plunges To A 7-Month Low, Pressured By The Dollar

Money and Business Economy News - Follow-up   Gold prices continued their decline on Thursday, hitting their lowest level in more than seven months, affected by the strength of the dollar.

By 09:45 Moscow time, gold futures for August had fallen 0.29% to $3,997 an ounce.

Meanwhile, spot contracts for the yellow metal fell by 0.52% to $3,978.59 an ounce, after hitting their lowest level since November 2025 on Wednesday.

The price of gold fell below the key $4,000 per ounce level yesterday under pressure from a rising dollar and expectations that the Federal Reserve (the US central bank) will raise interest rates.

According to the CME FedWatch tool, traders expect three US interest rate hikes this year, and see a roughly 67 percent chance of a hike in September.

The dollar rose for the third consecutive day yesterday to its highest level in 13 months, increasing the cost of gold for buyers holding other currencies.

Investors are awaiting the release of US personal consumption expenditures data, the Federal Reserve's preferred inflation gauge, due later today, for further clues about monetary policy. https://www.economy-news.net/content.php?id=70676

Iraq Activates The "Path Of Civilizations" Initiative To Market Internet Capacity And Receives Its First Payment In Dollars.

Money and Business   Economy News – Baghdad   Minister of Communications Mustafa Sand announced the activation of the "Road of Civilizations" project to market cross-border (transit) internet capacities.

The minister said in a statement received by “Al-Eqtisad News”: “Cross-border (transit) internet capacities have been marketed with the Qatari company GBI, through the “Road of Civilizations” project for the land route extending from Al-Faw to Rabia.”

He added: “An agreement was reached according to the long-term right of use (IRU) system to lease fibers from the optical fiber network, and for the first time in the history of Iraq this model is adopted,” adding: “The strategic route: The (Faw-Rabia) route connects data traffic coming from Asia and the Arabian Gulf towards Europe overland via Turkey, which reduces the response time (latency) compared to traditional maritime routes.”

He explained that "this contract comes as a practical step to activate Iraq's geographical position as an international digital corridor, as requests from the Gulf countries have been coming in for about a week, and we have received the first financial payment in hard currency." https://www.economy-news.net/content.php?id=70669

Iraq Signs A Joint Technical Memorandum With Syria To Enhance Cooperation In Water Resources Management.

Money and Business   Economy News – Baghdad    The Ministry of Water Resources and the Ministry of Energy of the Syrian Arab Republic signed a technical protocol on Thursday for joint water resources management and the exchange of technical data.

A statement from the Ministry of Water Resources, received by "Al-Eqtisad News," stated that "the Ministry of Water Resources and the Ministry of Energy in the Syrian Arab Republic signed the minutes of the bilateral Iraqi-Syrian technical meeting regarding cooperation in managing shared water resources and exchanging technical data."

The statement added that "the signing of the minutes came at the conclusion of the meeting held at the Ministry's headquarters in Baghdad, chaired by the Technical Undersecretary of the Ministry of Water Resources, Hussein Abdul Amir Bakka, and the Assistant Minister of Energy for Water and Electricity Affairs in the Syrian Arab Republic, Osama Khaled Abu Zeid, with the participation of the two specialized technical delegations from both sides."

The statement indicated that "the meeting was held based on the directives of the Minister of Water Resources, Muthanna Al-Tamimi, and in light of the technical paper and work axes prepared by the Planning and Follow-up Department/International Water Studies Section, and in coordination with the relevant formations in the ministry, to discuss prospects for cooperation with the Syrian side in managing shared water resources, and developing mechanisms for coordination and exchange of data and technical information, especially with regard to the Euphrates River and topics of common interest between the two countries."

During the meeting, both sides emphasized "the importance of continuing direct technical dialogue, strengthening communication channels between specialists, and developing bilateral cooperation in the field of managing shared water resources, in order to support the technical and institutional efforts of both countries, exchange experiences, and improve follow-up and coordination mechanisms."

The Ministry of Water Resources explained that "the signing of this protocol is within the framework of the Ministry of Water Resources' keenness to enhance cooperation with neighboring countries on shared water issues, and to consolidate technical coordination channels, in a way that serves Iraq's interests, preserves its water rights, and supports the sustainable management of shared water resources." https://www.economy-news.net/content.php?id=70674‍ ‍

Seeds of Wisdom RV and Economics Updates Thursday Morning 6-25-26

Good Morning Dinar Recaps,

DOJ Defends CLARITY Act, Rejects Law Enforcement Criticism as Senate Debate Intensifies

The U.S. Department of Justice is defending the CLARITY Act after several major law enforcement organizations warned the legislation could weaken oversight of digital assets and create opportunities for criminal activity.

Overview

• The U.S. Department of Justice (DOJ) has publicly defended the CLARITY Act, calling recent criticism from law enforcement organizations "factually inaccurate."

• Four national law enforcement associations had urged the White House to reconsider portions of the legislation, arguing that key provisions could reduce regulatory oversight and complicate financial crime investigations.

• The DOJ maintains that the bill preserves existing criminal enforcement powers while providing long-awaited regulatory clarity for the digital asset industry.

Key Developments

1. DOJ Rejects Opposition Letter

On June 24, a DOJ spokesperson responded to a joint letter submitted by several national law enforcement organizations opposing portions of the CLARITY Act.

According to the Department of Justice, the letter "contains factual inaccuracies and mischaracterizes Administration policy," emphasizing that the legislation would not hinder criminal investigations involving digital assets.

2. Law Enforcement Groups Voice Concerns

The opposition letter was signed by leaders of the National District Attorneys Association (NDAA), National Association of Assistant U.S. Attorneys (NAAUSA), International Association of Chiefs of Police (IACP), and the National Sheriffs' Association.

Together representing more than 70,000 law enforcement professionals, the organizations warned that certain provisions—particularly Section 604 of the CLARITY Act—could create regulatory gaps that sophisticated criminal organizations might exploit.

3. Debate Centers on Developer Protections

At the heart of the dispute is the Blockchain Regulatory Certainty Act (BRCA) language incorporated into the CLARITY Act.

Law enforcement officials argue that broad exemptions for some blockchain developers and decentralized technology participants could reduce accountability and complicate enforcement efforts involving money laundering, ransomware, terrorism financing, fraud, and other financial crimes.

DOJ officials disagree, stating that the legislation does not exempt criminal conduct or prevent investigators from pursuing illegal activity involving digital assets.

4. DOJ Says Enforcement Authority Remains Intact

The Justice Department stressed that law enforcement access to relevant information would remain unchanged under the proposed legislation.

According to the DOJ, investigators would retain full authority to pursue cases involving drug trafficking, human smuggling, terrorism financing, fraud, and other digital asset-related crimes, while the legislation simply clarifies which entities fall under existing regulatory frameworks.

5. Senate Negotiations Continue

The latest exchange highlights the ongoing debate as lawmakers continue refining the CLARITY Act before a potential Senate vote.

Supporters argue the legislation will provide the legal certainty needed to encourage innovation and institutional investment, while critics continue seeking additional safeguards to strengthen anti-money laundering and consumer protection provisions.

Why It Matters

The CLARITY Act remains one of the most consequential digital asset bills currently under consideration in Congress. Its outcome could shape how cryptocurrencies, blockchain developers, exchanges, and decentralized finance platforms are regulated in the United States for years to come, potentially influencing global regulatory standards as well.

Why It Matters to Foreign Currency Holders

For investors watching the evolution of the global financial system, clear digital asset regulation represents another step toward integrating blockchain technology into mainstream finance. Regulatory certainty could accelerate institutional adoption, strengthen digital payment infrastructure, and support broader modernization of cross-border financial markets.

Implications for the Global Reset

• Pillar 1:  Digital Finance

The continuing debate over the CLARITY Act illustrates how governments are building the regulatory foundation for the next generation of digital financial infrastructure.

• Pillar 2:  Financial Governance

Balancing innovation with transparency, national security, and financial crime prevention remains central as policymakers reshape the future of global financial markets.

This is not just about cryptocurrency—it reflects the broader effort to modernize financial regulation while building the legal framework for tomorrow's digital economy.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• CoinGape – Breaking: US DOJ Slams CLARITY Act Critics, Flags 'Factual Inaccuracies' In Opposition Letter
  ‍ ‍https://coingape.com/us-doj-slams-clarity-act-critics-flags-factual-inaccuracies-in-opposition-letter/

• The Blockchain Association – DOJ statement regarding the CLARITY Act opposition letter
  ‍ ‍https://theblockchainassociation.org/

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Wednesday Evening 6-24-26

Parliamentary Finance Committee Denies Any Intention To Raise The Exchange Rate

Information/Baghdad...  Member of the Parliamentary Finance Committee, MP Mudhar al-Karawi, confirmed on Wednesday that there is no current intention to raise the dollar exchange rate.

Al-Karawi told Al-Maalouma, “Until this moment, there are no confirmed indications from the government to proceed with raising the dollar exchange rate.” He pointed out that "the government and its financial arms are committed to stabilizing the exchange rate in institutions to maintain the stability of the financial situation and prevent any price increases that would affect the markets."

He added that "any increase in the exchange rate will be directly reflected in prices, especially food items, which would place an additional burden on the poor and the less fortunate." He explained that "any potential increase in the dollar exchange rate would have clear economic repercussions."

Al-Karawi clarified that "although there are no current indications in this direction, this option may be considered at some point." He stressed "the necessity of providing mechanisms and guarantees to protect the situation of the poor and the less fortunate and prevent price increases for basic commodities in the event of any future decision."

https://almaalomah-me.translate.goog/news/136491/economy/المالية-النيابية-تنفي-وجود-توجه-لرفع-سعر-الصرف?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Oil Plunges To Four-Month Low On Hormuz Progress

2026-06-24 Shafaq News   Oil prices fell more than 1% on Wednesday, extending this week's losses and trading near four-month lows, on signs that more oil tankers stranded in the Gulf are set to move out of the Strait of Hormuz.

Brent crude futures fell 78 cents, or 1.0%, at $76.30 a barrel as of 0350 GMT. U.S. West Texas Intermediate slipped 78 cents, or 1.1%, to $72.43 a barrel.

Both benchmarks settled down around 1% on Tuesday, touching their lowest levels since early March.

"Positive signals from the Persian Gulf are fuelling optimism about oil flows through the Strait of Hormuz. Vessel ⁠crossings increased in recent days, although they remain well below pre-war levels," ING commodity strategists said in a note on Wednesday.

Prices have also come under pressure this week after Washington granted Tehran a 60-day sanctions waiver following initial peace talks, allowing it to sell oil, and as hostilities in Lebanon eased.

"Crude oil prices were weighed down by hopes of easing U.S.-Iran tensions and a recovery in oil shipments through the Strait of Hormuz," said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting.

"Further progress in nuclear negotiations could push prices back to pre-war levels," he added.

On Tuesday, Oman and Iran agreed to press on with discussions about the future administration of navigation in the Strait. U.S. ⁠Secretary of State Marco Rubio said any Iranian attempt to levy transit fees would violate international law.

Still, uncertainty remains over the durability of the accord. U.S. President Donald Trump said on Tuesday that Iran had agreed to nuclear inspections into "infinity," while Tehran said it had made no such concession in negotiations.

Investors are also watching how quickly Middle Eastern producers can restore exports and whether more ⁠ships will enter the region.

An Iranian military source told Fars news agency that a limited number of vessels are being allowed to pass through the strait each day under coordination with Iran's Revolutionary Guards Navy.

Ship-tracking data showed that three stranded supertankers passed through the strait ⁠on Tuesday. The U.N. shipping agency said an evacuation plan to enable hundreds of ships with 11,000 seafarers stranded in the Gulf to sail through the strait is underway after the U.S.-Iran ceasefire deal.

Meanwhile, crude stocks fell by 765,000 barrels ⁠in the week ended June 19, market sources said, citing data from the American Petroleum Institute released on Tuesday. Nine analysts polled by Reuters estimated, on average, that crude inventories fell by about 4.5 million barrels in the last week.

(REUTERS)   https://www.shafaq.com/en/Economy/Oil-plunges-to-four-month-low-on-Hormuz-progress

Basrah Crudes Drop Alongside Global Decline

2026-06-24   Shafaq News- Basrah  Iraq’s Basrah crude plunged more than 4% on Wednesday as major global benchmarks moved lower.

Basrah Heavy crude dropped to $45.78 per barrel, losing 4.09%, while Basrah Medium crude slipped to $47.88 per barrel, down 3.91%.

Brent crude edged down to $76.30 per barrel, shedding 78 cents, or 1%. US West Texas Intermediate (WTI) crude retreated to $72.43 per barrel, down 78 cents, or 1.1%.

Most crude grades across Arab and global benchmarks recorded losses, with Saudi Arabia’s Arab Light crude shedding 2.52% to $78.69 per barrel, while the UAE’s Das crude declined 2.90% to $69.31 and Qatar Marine crude decreased 2.91% to $69.01. OPEC’s basket also fell 1.89% to $81.59 per barrel. Dubai crude eased 1.15% to $80.35.

https://www.shafaq.com/en/Economy/Basrah-crudes-drop-alongside-global-decline

Iraq Sets Two-Week Timeline For Kirkuk-Ceyhan Trial Pumping

2026-06-24 Shafaq News- Kirkuk   Trial pumping through the Kirkuk-Ceyhan oil route will begin within two weeks after the state-run North Oil Company finalized all engineering and technical work needed to restart the Iraq-Turkiye pipeline, a senior company source told Shafaq News on Wednesday, paving the way for the resumption of stable exports.

The company has also restored the strategic Kirkuk-Baiji-Haditha-Basra route, allowing crude from southern fields to reach gathering stations in Kirkuk before being pumped to the Turkish port of Ceyhan. Operating the two lines together would provide greater flexibility in managing crude flows, strengthen Iraq's northern export capacity, and improve the efficiency of the country's oil transport network, the source added.

Earlier this month, SOMO chief Ali Nizar told Reuters that Iraq had formally requested a one-year extension of the agreement governing the Kirkuk-Ceyhan pipeline, which is due to expire on July 27, to allow more time for negotiations on a new export arrangement. Reuters, citing a senior Turkish official, reported that Ankara opposes extending the current deal under existing conditions.

Prime Minister Ali al-Zaidi and Turkish President Recep Tayyip Erdogan recently discussed exports through the Kirkuk-Ceyhan pipeline and ways to boost Iraq's oil flows to European markets through existing infrastructure.

https://www.shafaq.com/en/Economy/Iraq-sets-two-week-timeline-for-Kirkuk-Ceyhan-trial-pumping

Hantoush Reveals The Priorities Of The New Central Bank Governor: Implementing "Oliver Wyman" Standards Is Of Utmost Importance

Economy News – Baghdad    Economic expert Mustafa Hantoush revealed on Monday the priorities of the new Central Bank Governor, Nizar Nasser, stressing that the standards of the Oliver Wyman Foundation are imposing a new banking reality in Iraq.

Hantoush explained to "Al-Eqtisad News" that the appointment of Nizar Nasser to this position represents a fundamental step for Iraqi monetary policy, noting that the next phase will focus on two main sectors: achieving monetary stability and restructuring the banking system.

Hantoush explained that "the Iraqi banking system, especially the private sector, has suffered from severe restrictions in the past that led to the freezing of about $10 billion, which poses a real risk to any market."

He added that the central bank has begun a series of important reforms in cooperation with the Oliver Wyman Foundation, which have reached final meetings with the US Treasury with the aim of freeing the banking system from dollar restrictions, something the market has been waiting for for months.

The economist pointed out that "restoring the banking system to operate on sound foundations represents the beginning of a sound monetary policy, as Oliver Wyman's standards impose a new reality in which banks are not only required to make profits, but are also obliged to attract deposits, provide loans, and finance projects."

Hantoush stressed that "pushing towards an integrated banking system in terms of operations and the market value of shares is a priority, as the continuous increase in capital for banks has become undesirable because it leads to a collapse in the share price on the stock exchange, stressing that these files will be at the forefront of the new governor's concerns."

 Added 2026/06/22 - 11:06 AM   https://www.economy-news.net/content.php?id=70547

Al-Aboudi: Al-Zidi Deals With Combating Corruption Far Removed From Any Political Or Electoral Calculations And Works To Save The Country

 latest news   Wednesday,   June 24, 2026   Baghdad - One News - 6/24/2026  Government spokesman Haider al-Aboudi confirmed that Prime Minister Ali al-Zaidi is dealing with the anti-corruption file without any political or electoral considerations, noting that his personality and previous experience have made him more capable of making decisions related to running the state and confronting corruption. 

Al-Aboudi said that Al-Zidi is not seeking a second term, will not run in the next elections, and does not have a project to establish a political party, which keeps him away from the pressures and obligations associated with political competition. 

He added that the absence of these considerations gives the Prime Minister more room to deal with state files, citizens’ affairs and combating corruption from the perspective of the public interest, away from any constraints or prior calculations. 

Al-Aboudi pointed out that Al-Zaydi is focused on saving what can be saved and addressing the challenges facing the state, stressing that corruption is one of the most dangerous issues that threaten state institutions and requires taking decisive measures to confront it.https://1news-iq.net/العبودي-الزيدي-يتعامل-مع-مكافحة-الفسا/

Iraq Economic News and Points To Ponder Wednesday Afternoon 6-24-26

Parliamentary Integrity: Important Files Whose Details Will Be Revealed To The Public

Money and Business   Economy News – Baghdad   The Parliamentary Integrity Committee revealed that there are many important files that are being prepared to be opened and their details revealed to the public, especially those related to the waste of public money and the exploitation of official influence.

Shahid said, according to the official newspaper and followed by “Al-Eqtisad News”, that “corruption is no longer just individual cases or limited violations, but has turned into an intertwined system that has directly affected government performance and weakened citizens’ trust in state institutions.”

He added that “taking serious measures to curb the influence of corrupt individuals within state institutions would pave the way for the more efficient implementation of government and service programs, as well as contribute to achieving social justice and equal opportunities among citizens.”

The MP stressed that "the current stage requires a firm political will and practical measures that go beyond slogans and promises," stressing that "there are many important files that are being prepared to be opened and their details revealed to the public, especially those related to the waste of public money and the exploitation of official influence."

He pointed out that "the House of Representatives stands in support of every reform step taken by the government and the Integrity Commission in this direction," stressing that "the oversight role of the Council will be strongly present during the next stage by following up on all integrity files and the results of investigations and judicial procedures related to them."

https://www.economy-news.net/content.php?id=70644

Trade: Lower Shipping Costs Will Be Reflected In Commodity Prices

Money and Business      Economy News – Baghdad   The Ministry of Commerce announced on Wednesday an integrated plan to enhance strategic reserves and combat monopolies, while noting that the decrease in shipping costs will be reflected in commodity prices during the coming period.

Ministry spokesman Mohammed Hanoun said that "the return of maritime traffic to normal through the Strait of Hormuz, and the arrival of ships loaded with food and basic goods, represents an important factor in strengthening the stability of local markets, especially since any disruption in maritime transport routes is directly reflected in shipping and insurance costs and the prices of imported goods."

Hannon added that "the Ministry of Trade is continuously monitoring market movements and price indicators for food and basic commodities, and will assess the impact of reduced transportation and shipping costs after the resumption of normal shipping operations, ensuring that this is reflected in the prices traded in local markets."

He explained that "the improved flow of supplies and the increased volume of goods offered lead to a reduction in the pressures that some goods experienced during the past period."

He stressed that “the ministry has a work plan based on several axes, most notably strengthening the strategic stock of basic materials, monitoring the smooth entry of goods through various ports, as well as coordinating with the competent regulatory authorities to monitor any cases of monopoly or exploitation that may lead to keeping prices at high levels despite the disappearance of the reasons that led to their rise.”

He pointed out that "the ministry is working to provide accurate indicators of market activity and the available quantities of food products, which contributes to achieving a balance between supply and demand and preventing any shortages that may affect price stability."

He added that "the continued flow of goods at normal rates will give the market greater flexibility and enhance competition between importers and traders, which will have a positive impact on the consumer."

He pointed out that "the ministry's goal is to maintain food security and ensure the availability of basic commodities for citizens at fair prices," stressing "the continuation of monitoring procedures and field follow-up during the next phase to ensure that the market and the consumer benefit from any decrease in import, transportation and shipping costs."  

https://www.economy-news.net/content.php?id=70662

Japan Plans To Improve The Management Of Reserves Allocated To Support The Yen

Money and Business   Economy News - Follow-up   A draft report on Japan's growth strategy, seen by Reuters on Wednesday, shows the government plans to explore ways to improve the management of its $1.3 trillion foreign exchange reserves, which are considered a "reserve" for future intervention in the yen market.

The plans reflect the Japanese government's desire to boost reserve returns and help refinance its dwindling finances, as Prime Minister Sanae Takaichi pledges proactive spending to support the world's fourth-largest economy.

The draft strategy, a key pillar of Takaichi's policy agenda, states: "The government will examine the benefits of improving the management of assets owned by the public sector, including the special account of the foreign exchange fund, and making more effective use of them, taking into account their intended purposes."

Financial markets: Currency yen near 40-year low despite Japanese interest rate hike

Tokyo resumed intensive intervention in late April when the currency fell to over 160 yen to the dollar, through a $73 billion yen purchase, resulting in a record 5.6% drop in reserves in May, highlighting the limits of continued and large-scale intervention.

The draft strategy does not specify particular changes to the allocation of reserve assets, which have accumulated during previous interventions to buy dollars and are believed to be largely invested in U.S. Treasury bonds.

The bulk of the surplus reserves, including proceeds from US Treasury bonds, is transferred to the general account as a source of funding for the state budget.

Takaichi had once stated that foreign reserves were the main beneficiary of the yen's weakness and that they were "performing very well," a remark some government officials interpreted as a sign that she hoped to use the surplus to fund a controversial plan to suspend the consumption tax on food items.

However, government officials said that making a radical change to the reserve portfolio would be unrealistic, given that the reserves are held primarily as a readily available source of funds for intervention in the currency market.

An informed source, who declined to be identified due to the confidentiality of the report, said, "It will be difficult to pursue returns in a way that conflicts with the purpose of the reserves." https://www.economy-news.net/content.php?id=70646

Iraq Reduces Its Imports Of Fish And Seafood To About $25 Million

Money and Business   Economy News – Baghdad    Data from the International Trade Centre showed that Iraq reduced its imports of fish, crustaceans, molluscs and other aquatic invertebrates during 2025 to $24.978 million, compared to $68.413 million in 2024, and $77.362 million in 2023.

According to the data, Iraq was among the world's importers of these products, but the value of imports recorded a sharp decline last year, after the significant increase it witnessed in previous years.

She noted that frozen fish topped the list of imported products within this category with a value of $11.226 million in 2025, compared to $51.777 million in 2024, followed by fresh or chilled fish with a value of $10.022 million, then crustaceans with a value of $1.512 million, and fish fillets and meat with a value of $1.375 million.

Imports of live fish amounted to $442,000, dried, salted and smoked fish to $302,000, while imports of molluscs amounted to $94,000, and other aquatic invertebrates to $3,000.

According to data from the International Trade Centre, Iraq’s imports of these products amounted to $29.422 million in 2021, rising to $48.948 million in 2022, then to $77.362 million in 2023, before declining to $68.413 million in 2024, and continuing to decrease to $24.978 million during 2025. https://www.economy-news.net/content.php?id=70653

Iraq: Domestic Debt Rises To 95.7 Trillion Dinars, While External Debt Declines

banks   Economy News – Baghdad   Data from the Central Bank, released on Wednesday, showed that domestic public debt rose to 95.7 trillion dinars by the end of April 2026, while external debt saw a decline on an annual basis.

According to the bank's data, domestic public debt rose to 95.679 trillion dinars by the end of April of this year, compared to 90.515 trillion dinars recorded at the end of 2025, an increase of 5.164 trillion dinars, and about 12.629 trillion dinars compared to 2024, when it reached 83.050 trillion dinars.

According to the data, this increase was driven by the increase in the total liabilities of the Ministry of Finance to the Central Bank of Iraq to 55.699 trillion dinars as of April 2026, compared to 45.699 trillion dinars in 2025.

In contrast, loans decreased to 20.270 trillion dinars, after having been 22.899 trillion dinars, and the value of bonds decreased to 10.868 trillion dinars, compared to 13.075 trillion dinars, while treasury bills remained stable at 8.842 trillion dinars.

Iraq’s external debt reached $54.101 billion in 2025, down from $54.601 billion in 2024 and $56.207 billion in 2023, a total decrease of $2.106 billion over two years, according to data from the Central Bank of Iraq.

The data indicates that domestic debt continued to rise during the first four months of 2026, while external debt continued its downward trend compared to previous years. https://www.economy-news.net/content.php?id=70652