The Fed Just Secretly Changed Their 1944 Bretton Woods Rules. And The Dollar System Is Cracking

The Fed Just Secretly Changed Their 1944 Bretton Woods Rules. And The Dollar System Is Cracking

Unfolded Finance:  7-17-2026

On July 22nd, 1944, Keynes walked out of Bretton Woods having lost the argument he was right about. The dollar replaced gold as the global anchor. Every other currency fixed to the dollar.

The IMF managed adjustments. The system was orderly, stable, and built on three specific commitments: dollar-gold convertibility, fixed exchange rates, and capital controls.

All three are gone.

Convertibility ended with Nixon's 1971 Sunday evening address. Fixed rates collapsed by 1973. Capital controls were dismantled through the 1980s and 1990s.

What replaced them was an informal arrangement — the dollar standard — resting on one unwritten assumption: that dollar reserve holdings were sovereign property, safe from the political decisions of the country issuing the currency.

In 2022, the United States froze $300 billion in Russian central bank reserves. Not seized. Frozen. The action was presented as a targeted sanctions measure. It was a rule change. The rule it changed was the one Bretton Woods never needed to write down because it was considered self-evident: that reserve assets cannot be made inaccessible by the issuing country for political reasons.

Central banks bought gold at record levels in 2022, 2023, 2024, and 2025 — five consecutive years. Not because gold pays yield. Because gold cannot be frozen.

The dollar system is not ending. The rules sustaining it are changing. And the cracking is visible in the data.

What You'll Learn:

▸ What the three specific Bretton Woods commitments actually were — and why each one served as a discipline mechanism, not just a policy preference

▸ Why Keynes's bancor proposal was rejected — and why his warning about anchoring to a single nation's currency took exactly seventy-eight years to demonstrate

▸ How the three Bretton Woods pillars were removed — convertibility in 1971, fixed rates by 1973, capital controls through the 1980s

▸ What the informal Bretton Woods II arrangement actually rested on — and which unwritten assumption the 2022 reserve freeze demonstrated as conditional

▸ Why the 2022 Russian reserve freeze was a rule change rather than a sanctions measure — and why the distinction matters for every central bank's reserve calculation

▸ Why five consecutive years of record central bank gold purchases represent a rational response to demonstrated evidence rather than speculative behavior ▸ Why this dollar stress episode is structurally different from 1971, 1980, and 1985 — and what makes the 2022 demonstration irreversible

The Timeline:

July 1944 — Bretton Woods Conference; dollar anchored to gold at $35; three-pillar architecture established

1960s — Vietnam spending and Great Society programs create dollar oversupply; gold drain accelerates

August 15, 1971 — Nixon closes gold window; convertibility pillar removed 1971-1973 — Smithsonian Agreement fails; floating exchange rates adopted; fixed rate pillar removed

1980s-1990s — Financial liberalization dismantles capital controls; third pillar removed

1974 — Petrodollar system established; informal Bretton Woods II begins 2007-2022 — Fed balance sheet grows from $900B to $8.9T; institutional discipline replaces gold discipline

February 2022 — Russia invades Ukraine; Western allies freeze $300B in Russian central bank reserves 2022-2025 — Central banks buy gold at record levels five consecutive years 2024 — Dollar reserve share approximately 58%; mBridge operational; CIPS in 100+ countries

November 2024 — Moody's strips last US Triple A rating; dollar fiscal gap formally measured Keynes warned in 1944 that a system anchored to one nation's currency would eventually import that nation's political decisions into every other economy.

It took seventy-eight years. But it has been demonstrated.

https://www.youtube.com/watch?v=XG-hceTx0-s

Seeds of Wisdom RV and Economics Updates Friday Morning 7-17-26

Good Morning Dinar Recaps,

Ondo Finance and SBI Bring Japan’s Financial Markets On-Chain with Yen-Backed Stablecoin

Ondo Finance has partnered with Japan's SBI Group to tokenize Japanese financial assets using a regulated yen-backed stablecoin, marking another significant step toward modernizing cross-border capital markets through blockchain technology.

Overview

• Ondo Finance and SBI Group announced a strategic partnership to tokenize Japanese financial assets.

• SBI's regulated JPYSC stablecoin will be used for settlement and collateral, allowing transactions to occur on blockchain infrastructure.

• The partnership reflects the growing global shift toward tokenized real-world assets (RWAs) and regulated digital finance.

Key Developments

1. Japanese Assets Move Toward Tokenization

Under the agreement, Ondo Global Markets will issue tokenized Japanese securities that will be distributed through SBI Group's financial ecosystem, which manages more than $250 billion in assets. Settlement will occur using JPYSC, SBI's yen-backed stablecoin operating under Japan's regulated digital asset framework.

2. Regulated Stablecoins Power Cross-Border Finance

Rather than relying on traditional banking rails, the partnership will use blockchain-based settlement through JPYSC. Tokenized securities can potentially become accessible to international investors more efficiently while remaining within Japan's regulatory structure.

3. Japan Expands Its Leadership in Digital Finance

Japan has become one of the world's most advanced jurisdictions for stablecoin regulation. By combining regulated digital money with tokenized securities, SBI and Ondo are helping build infrastructure that could reshape how financial assets are traded, settled, and held globally.

Why It Matters

This partnership demonstrates that tokenization is moving beyond pilot projects into mainstream financial markets. Large financial institutions are increasingly using regulated blockchain technology to improve settlement speed, reduce transaction costs, and expand investor access across borders.

Why It Matters to Foreign Currency Holders

For those following the evolution of the international monetary system, this development highlights how regulated stablecoins are beginning to support real financial assets rather than simply cryptocurrency trading. As more nations develop tokenized securities and digital settlement systems, cross-border finance may increasingly rely on blockchain infrastructure alongside traditional banking networks.

Implications for the Global Reset

• Pillar 2: Trade

Tokenized assets and blockchain settlement have the potential to make cross-border investment and capital movement faster and more efficient, reducing friction in international financial markets.

• Pillar 3: Assets

The continued growth of real-world asset tokenization represents a significant evolution in how stocks, bonds, and other financial instruments may be owned, traded, and settled in the future.

• Pillar 4: Technology

The partnership combines regulated stablecoins, blockchain infrastructure, and tokenized securities, demonstrating how financial technology is becoming integrated into mainstream capital markets rather than remaining a niche innovation.

As more major financial institutions adopt regulated digital infrastructure, tokenization is evolving from an emerging technology into a practical component of modern capital markets.

This is not simply about cryptocurrency—it reflects the broader transformation of the global financial system as digital assets, regulated stablecoins, and tokenized markets increasingly reshape the future of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Crypto Briefing — Ondo Finance Partners with SBI Group to Tokenize Japanese Assets Using Yen-Backed Stablecoin

• SBI Holdings — SBI Group Corporate

~~~~~~~~~~

🌱 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

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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

Iraq Economic News and Points To Ponder Friday Morning 7-17-26

Iraq Places 88th In Global Economic Development Ranking

2026-07-17 03:29   Shafaq News- Baghdad  Iraq ranked 88th out of 100 countries and 11th among Arab states in the 2026 US News & World Report Best Countries rankings for economic development, placing ahead of Algeria and Jordan.

The report estimated Iraq’s gross domestic product (GDP) at $666 billion, with a purchasing power parity (PPP) GDP per capita of $14,464.

The United Arab Emirates led the Arab rankings, placing 31st worldwide with a GDP of $870.4 billion and a PPP GDP per capita of $79,229. Qatar followed in 43rd ($360.2 billion; PPP GDP per capita: $126,046), ahead of Saudi Arabia in 50th ($2.5 trillion; $71,375).

Egypt came in 62nd ($2.2 trillion; $19,094), followed by Kuwait in 63rd ($256.8 billion; $52,444), Oman in 71st ($220.5 billion; $41,740), Tunisia in 73rd ($178.3 billion; $14,521), Bahrain in 79th ($106.3 billion; $66,941), Morocco in 81st ($402.8 billion; $10,415), and Lebanon in 83rd ($72.6 billion; $12,575).

Algeria followed in 89th with a GDP of $824.9 billion and a PPP GDP per capita of $17,621, while Jordan placed 90th with corresponding figures of $125 billion and $10,821.

https://www.shafaq.com/en/Economy/Iraq-places-88th-in-global-economic-development-ranking‍ ‍

Dollar Steadies As Fed Hopes Offset Middle East Tensions

2026-07-17 02:46   Shafaq News    The dollar held steady on Friday but was poised for a weekly decline as a ​tame U.S. inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve, although ‌escalating attacks in the Middle East soured sentiment.

Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month's truce, spurring safe haven bids for the dollar and leading oil prices near one-month highs.

In currency markets, the euro was at $1.1437, set for a 0.2% rise in the week. Sterling fetched $1.3476, on course for ​a 0.56% gain in the week, its third straight week of gains on fading concerns over Britain's fiscal outlook.

The Japanese yen was fetching 162.39 ​per U.S. dollar, rooted near the 40-year low of 162.84 it touched at the start of the month. Traders ⁠remained wary of official intervention from Tokyo after Japanese Finance Minister Satsuki Katayama reiterated the government's readiness to take decisive action.

The dollar index , which measures ​the U.S. currency against six other units, was at 100.72, set for a weekly drop of 0.24%. The index hit a one-month low earlier this ​week on easing chances of a near term rate hike but safe-haven flows have helped support the greenback.

"The USD remains the highest-yielding safe-haven currency in the G10 complex," OCBC strategists said in a note.

"Near-term FX price action is likely to continue reflecting the 'USD smile' framework, under which the greenback tends to outperform when markets price either stronger ​U.S. growth and higher rates or a rise in global risk aversion," they wrote.

Data on Thursday showed U.S. retail sales rose slightly in June as ​lower gasoline prices weighed on receipts at service stations, but online spending surged, prompting economists to upgrade their second-quarter growth estimates.

The economy's resilience was underscored by other data ‌also showing ⁠labour market stability. Economists believe the Federal Reserve would keep interest rates unchanged later this month after data showed consumer price inflation had cooled in June.

Karen Manna, portfolio manager for fixed income at Federated Hermes, said: "It is far too early to conclude that a renewed disinflation trend has taken hold or that inflation concerns have been fully resolved."

Policymakers are also wary of banking too heavily on one month of improvement after months when inflation moved in ​the wrong direction.

Chances for a Fed ​hike in July stood at ⁠11%, versus a 25% implied probability last week, according to the CME FedWatch tool. Traders are pricing in 26 basis points of hikes by December.

"I don’t think July is live for rate hikes," said Tani Fukui, senior director ​of global economic and market strategy for MetLife Investment Management. "We expect neither rate hikes nor cuts in 2026."

In ​other currencies, the ⁠Australian and New Zealand dollars were poised for a third straight week of gains. The Aussie was 0.24% softer on the day at $0.6981 as risk-off sentiment prevailed. The kiwi was at $0.5838.

China's yuan weakened from a one-month high against the dollar, but remained on track for its third straight week of gains.

Markets mostly shrugged ⁠off comments ​from President Donald Trump after he renewed accusations that China meddled in U.S. elections, a move ​that could complicate his fragile truce with Chinese leader Xi Jinping.

Investor focus next week will be on the policy decision from the European Central Bank where it is expected to hold interest ​rates steady, according to a Reuters poll. But a rate hike next month is increasingly likely, economists say.   (REUTERS)

https://www.shafaq.com/en/Economy/Dollar-steadies-as-Fed-hopes-offset-Middle-East-tensions

From 13 To 200 Thousand Dollars. Ticket Prices For The 2026 Final Are The Most Expensive In History

Money and business   Economy News — Follow-up  Ticket prices for the final match of the FIFA World Cup between Argentina and Spain on Sunday set record highs of insanity, which cannot be compared to any previous final of the tournament.

As long as watching the World Cup final from the pitch remains a dream for any football fan, although not impossible, the high prices of tickets for the 2026 World Cup final, in the United States, America, Canada and Mexico, which will be held on Sunday, July 19, 2026, at the Met Life Stadium in East Rutherford, New Jersey, has become almost impossible for the majority of those who wish.

The most expensive final ticket in the history of the World Cup

The 2026 final ticket was valued at around $13,000 and $700 on average according to the ticket resale market.

While the prices of some seats in the stadium "Met Life" for the match nearly 200 thousand US dollars.

This amount represents a crazy increase compared to the final of the 2022 Qatar edition between France and Argentina, where the value of the highest ticket was at the time of 1600 US dollars.

As for the 2026 edition, FIFA has set official ticket prices to range from US$2,030 to US$6,730, depending on the seat category.

The alternative market, for those who want to resell the tickets they received, which FIFA allowed in exchange for a percentage of resale, has contributed to raising prices further.

The cheapest tickets currently offered start at around US$8,000, while the prices of the seats closest to the stadium may exceed US$38,000.

How to Buy Tickets for the 2026 World Cup Final

At the official level, the initial stages of the sale are over, including the initial draw and the pre-sale of Visa cardholders, leaving limited opportunities to purchase tickets directly through official channels.

But FIFA still offers a final stage of direct pre-sale, as well as its official ticket resale platform, where fans can buy and sell approved tickets.

In addition, there are also certified secondary markets such as StubHub, Ticketmaster, Vivid Seats, and SeatGeek for fans who want to attend high-turnout matches, knowing that prices may be much higher than the original ticket price.

https://www.economy-news.net/content.php?id=71482‍ ‍

The Dollar Is Heading For A Weekly Loss Due To US Inflation Pressure

Money and business    Economy News — Follow-up  The dollar stabilized on Friday but is heading for a weekly decline, as the U.S. inflation report released this week, which came in less than expected, prompted traders to reduce their bets on the Federal Reserve (the US central bank) to raise interest rates soon, but the escalation of attacks in the Middle East affected morale.

Iran and the United States have been escalatingly striking for a week, significantly undermining last month’s ceasefire deal, spurring demand for the dollar as a safe haven and pushing oil prices closer to their highest levels in a month.

In the currency markets, the euro reached $1.1445, heading for a rise of 0.29% during the week. The pound hit $1.3476 and is heading for a 0.56 percent gain during the week, the third straight week of gains amid fading concerns about Britain’s financial outlook.

The yen hit 162.39 against the dollar, settling near a 40-year low of 162.84 at the start of the month, while traders remained waiting for any official intervention from Tokyo.

The dollar index, which measures the performance of the US currency against six currencies, recorded 100.72, heading for a weekly decline of 0.24 ⁠ percent. The index hit a month-low earlier in the week as the prospect of a near-term rate hike eased, but money flows to safe havens helped support the U.S. currency.

Analysts in O. C.C. B. In a note, the U.S. dollar remains the safe haven currency with the highest yield within the ⁠G10 currencies.

Data released on Thursday showed U.S. retail sales rose slightly in June, but online spending increased significantly, prompting economists to raise their growth forecasts in the second quarter.

Other data showed the stability of the labor market, highlighting the strength of the economy. Economists believe the Federal Reserve will keep interest rates unchanged later in the month after data showed consumer price inflation slowing in June.

But Federal Reserve Vice Chairman Philip Jefferson suggested he would be open to raising interest rates if inflation did not improve in the near term. https://www.economy-news.net/content.php?id=71480

Friday AM Iraq News Posted by Tishwash at TNT 7-17-2026

TNT:

Tishwash:  President Al-Zaidi travels from Washington to Texas: Meeting with the head of Chevron and the president of the US Chamber of Commerce

Journalists accompanying Prime Minister Ali al-Zaidi on his current visit to the United States reported that he departed today (Thursday) for Andrews Airport in preparation for a visit to Houston, Texas.

They added that upon his arrival in Texas, Prime Minister al-Zaidi will proceed to Chevron headquarters for a meeting with the company's president.

They also indicated that he will meet with the president of the US-Texas Chamber of Commerce and deliver a speech according to the scheduled program.  link

Tishwash:  US report: Al-Zaidi plans to sign $60 billion worth of trade agreements in Washington

The American newspaper "Semaphore" stated that the visit of Iraqi Prime Minister Ali al-Zaidi to America reflects a new direction for the Washington administration to reformulate relations with Iraq on the basis of economic and investment partnership, instead of focusing on military presence and security cooperation .

The newspaper explained that "Al-Zaidi will participate, on Friday, in a summit organized by the American Chamber of Commerce alongside US Energy Secretary Chris Wright, where trade and investment agreements worth $60 billion will be announced between American companies, the Iraqi government and the private sector, a figure described by the summit organizers as exceeding expectations ."

During his meeting with al-Zaidi in the Oval Office, Trump praised what he described as the "great harmony" between them, stressing that Iraq possesses enormous economic potential thanks to its oil resources, and that the next phase will witness the conclusion of more economic agreements .

Trump also argued that the United States no longer needed a large military presence in Iraq, and that relations between the two countries should be based on economic and investment cooperation .

Semaphore added that “Al-Zaidi’s visit comes within the framework of a strategy pursued by the Trump administration in the Middle East, based on expanding American influence through economic diplomacy, similar to the visit made by Saudi Crown Prince Mohammed bin Salman to Washington, which witnessed the announcement of huge investments and financial pledges .”

The newspaper quoted Steve Lutes, vice president of the U.S. Chamber of Commerce for Middle East Affairs, as saying that "the Iraqi government is seeking to reassure American companies that the new prime minister, who comes from the business sector, is placing economic cooperation at the forefront of the relations between Baghdad and Washington, in an unprecedented manner ."

She noted that "the agreements to be announced will focus on the oil and gas sectors, energy infrastructure, and electricity generation, with the participation of major international companies, including (General Electric Vernova), (British Petroleum), (Excelerate Energy), (ExxonMobil), and (Shell )."

She continued: "The agreements also cover the information and communications technology, digital infrastructure, healthcare, and agriculture sectors, as part of Iraq's efforts to diversify its economy and reduce its dependence on oil ."

According to the summit agenda seen by the newspaper, the events will include the signing of agreements, memoranda of understanding and partnership frameworks in the presence of the US Secretary of Energy, while Al-Zaidi will attend the official announcement ceremony for these agreements .

The newspaper indicated that "Iraq still represents a complex environment for foreign investments, due to the continued political and military influence of Iran within the country, and the presence of armed factions supported by Tehran that have previously targeted US forces and their allies ."

In her commentary, journalist Lauren Watson, the report's author, said that "al-Zaidi pledged to President Trump to work on disarming Iranian-backed armed groups by September, but implementing this pledge will be extremely difficult given the extensive influence these groups wield and their refusal to give up their weapons ."

She argued that "the Trump administration is betting on expanding the American economic presence in Iraq before the security situation is fully stabilized, and without sufficient guarantees to protect American companies and investments  link

Tishwash:  World Bank President proposes establishing a large banking holding company in Iraq

The Economic Payment Agency is monitoring the latest developments in markets and prices through multiple media sources.

Prime Minister Ali Faleh al-Zaidi met Wednesday evening, Baghdad time, with the President of the World Bank Group, Ajay Banga, and his accompanying delegation, which included the President of the International Finance Corporation, Makhtar Diop, and a number of senior World Bank officials.

During the meeting, Al-Zaydi affirmed that Iraq currently enjoys a high level of stability, which will positively impact the economy and investment. He pointed out that the Iraqi economy will witness remarkable growth thanks to the policies and reforms that the government has begun implementing, according to the Prime Minister's Media Office.

Al-Zaydi pointed out that the government gives special importance to reforming the banking sector and preparing a program budget to ensure that resources are directed efficiently towards achieving development, and drawing a new economic identity for Iraq based on diversification, reform and sustainability, stressing the work to increase oil production to meet the requirements of development, in parallel with developing non-oil sectors and enhancing their role in the national economy.

Al-Zaydi explained that the government is continuing to establish the Development Fund, which will finance investment projects in all governorates, and expand the scope of financing available to qualified Iraqi banks, in addition to supporting and empowering the private sector to be a key partner in development.

For his part, the President of the World Bank, Ajay Banga, expressed his admiration for what Iraq has recently achieved in the field of stability and peace, stressing that Iraq possesses good potential and resources capable of bringing about a major economic transformation if they are well invested.

Banga expressed the World Bank’s readiness to provide technical and advisory support to Iraq in the areas of program budgeting and banking sector restructuring. He also called for studying the possibility of forming a large Iraqi banking holding company by merging a number of state-owned banks to enhance the efficiency of the financial sector and support economic reform.   link

**************

Tishwash:  Al-Zaidi announces from Texas, USA, the launch of the "Energy City" project in Al-Faw

Prime Minister Ali Faleh al-Zaidi announced from Houston, Texas, a plan to launch "Energy City" projects on the waterfront of the Faw Peninsula in southern Iraq, during his participation in a joint economic dialogue forum organized by the Iraqi-American Chamber of Commerce .

Al-Zaydi affirmed in his speech, which was followed by Al-Sa’a Network: “The government’s determination to remove all obstacles and impediments to attracting investment, and to launch a new era of cooperation with real partners, not contractors, while providing the necessary guarantees for a safe investment environment supported by financial and banking reforms .”

The proposed "Energy City" plan includes the establishment of integrated complexes for refining and processing crude oil, gas production and collection units, and power generation stations, with these facilities to be linked to the strategic oil pipelines and the "Development Road " project route.

The meeting was attended by the Ministers of Oil and Electricity and government advisors, along with a host of representatives of American companies, businessmen, investors and bankers looking for investment opportunities in Iraq

For his part, the president of the bilateral Chamber of Commerce, David Phillips, welcomed the visit of the Iraqi delegation, stressing the desire of the business community and the private sector in the state of Texas and throughout the United States to invest and cooperate with Iraq .

Phillips noted that "major companies are eager to seize the promising opportunities offered by Iraq's long-term plans to increase oil and gas production from invested fields, and to actively contribute to modernizing the infrastructure of Iraq's energy sector   link

Iraq Economic News and Points To Ponder Thursday Evening 7-16-26

Tomorrow, Iraq And The United States Will Sign The Largest Economic Agreement In History.

Shafaq News - Washington   Baghdad and Washington are preparing to sign the largest package of agreements and memoranda of understanding since the establishment of relations between the two countries, tomorrow, Friday, as part of the official visit of Prime Minister Ali al-Zubaidi to the United States.

According to a well-informed government source who spoke to Shafaq News Agency, the visit program will culminate in the signing of a wide range of agreements and memoranda of understanding between Iraq and the United States, in the presence of high-level officials from both sides, in a move considered the largest of its kind in the history of bilateral relations.

According to the source, the agreements cover the energy, investment, economy, technology, education, health, security and infrastructure sectors, in addition to cooperation in the areas of development and empowering the private sector, which enhances the strategic partnership and opens new horizons for cooperation between the two countries.

The package will also include the announcement of major American companies entering the Iraqi market, and the launch of broad investment opportunities in various sectors, which will contribute to revitalizing the economy, creating job opportunities, and transferring modern technology and expertise to Iraq.

The Iraqi government views these agreements as a pivotal milestone in the course of relations with the United States, according to the source, who indicated that they are "the largest and most diverse since the establishment of relations between the two countries," due to the strategic projects and long-term partnerships they include.

The government source concluded by saying that "the signing ceremony will take place in the presence of senior officials from Baghdad and Washington, and will enhance economic and investment cooperation, and consolidate the bilateral partnership in a way that serves the common interests of the two countries."

This comes as part of the agenda of the official visit that began on Monday by Prime Minister Ali al-Zaidi and his accompanying delegation, which included a number of ministers, senior officials, investors, business owners, and Iraqi capitalists.

US President Donald Trump announced on Tuesday evening, during his meeting with al-Zaidi at the White House, that this week would see the unveiling of a major oil partnership with Iraq, in addition to extensive trade deals in various sectors.

https://shafaq.com/ar/اقتصـاد/غدا-العراق-و-ميركا-يوقعان-كبر-اتفاق-اقتصادي-في-التاريخ

MOT: Talks in Washington Focused on Partnership and Supporting Iraq's Accession to WTO

Iraqi News AgencyThursday,July 16, 2026 Washington  –  INA  Minister of Trade Mustafa al-Ani confirmed on Wednesday that the talks at the White House focused on economic cooperation and the future partnership between Baghdad and Washington. He also indicated that discussions are ongoing regarding Iraq's accession to the World Trade Organization.  

Al-Ani told the Iraqi News Agency (INA): "One of the most important aspects of the visit was the meeting at the White House between Prime Minister Ali al-Zubaidi and US President Donald Trump, during which several issues related to cooperation and the future partnership between Iraq and the United States were discussed, in addition to exploring ways to cooperate and remove obstacles facing American investors."

He added that "the official government delegation includes a select group of Iraqi business leaders with the aim of strengthening communication between the Iraqi and American private sectors. A meeting will also be held with the US Chamber of Commerce to discuss a number of shared issues."  

He noted that "the delegation concluded meetings with a number of American companies to discuss prospects for future cooperation, particularly in areas that benefit Iraqi farmers. It was agreed that ideas would be presented clearly for study, discussion, and practical action."  

He added that "the Minister of Trade heads the Iraqi side of the US-Iraq Business Council, specifically regarding Iraqi business people. Discussions will also focus on reactivating and implementing agreements signed between Iraq and the United States."  

He affirmed that "the talks will also include a request for US support for Iraq's accession to the World Trade Organization, as Iraq has fulfilled all the necessary requirements and is awaiting the organization's decision on its members  

https://ina.iq/en/50427-mot-talks-in-washington-focused-on-partnership-and-supporting-iraqs-accession-to-wto.html

Trade Minister: We Discussed Areas That Serve Iraqi Farmers with U.S. Companies  

Iraqi News Agency Thursday, July 16, 2026  Baghdad  –  INA -   Minister of Trade, Mustafa Al-Ani, said on Thursday that he had held talks with a number of U.S. companies on prospects for future cooperation, particularly in sectors that support Iraqi farmers, on the sidelines of the Iraqi delegation's visit to the United States led by Prime Minister Ali Falih Al-Zaidi.  

Al-Ani told the Iraqi News Agency that discussions focused on expanding future cooperation, especially in areas that benefit Iraqi farmers.  

He said one of the delegation's key engagements was a meeting at the White House with U.S. President Donald Trump, during which the two sides discussed a wide range of issues, including prospects for future cooperation and partnership between Iraq and the United States, as well as ways to enhance cooperation and remove obstacles facing U.S. investors and business leaders.  

Al-Ani added that the official Iraqi delegation also included a group of Iraqi business leaders aimed at strengthening communication and cooperation between the Iraqi and U.S. private sectors.  

He said the delegation was also scheduled to meet with the U.S. Chamber of Commerce to discuss a range of issues.  

The minister noted that meetings had already been held with several U.S. companies to explore future cooperation, particularly in sectors that support Iraqi farmers.  

Al-Ani also said discussions covered U.S. support for Iraq's accession to the World Trade Organization (WTO), stressing that Iraq has fulfilled all of its required obligations and is awaiting the organization's decision on approving its membership.  

https://ina.iq/en/economy/50475-trade-minister-we-discussed-areas-that-serve-iraqi-farmers-with-us-companies.html

Oil Nears One-Month High On Red Sea Threat

2026-07-16 13:28   Shafaq News   Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, ‌with Tehran asking Yemen's Houthi movement to be prepared to close the Red Sea oil export route.

Brent crude futures were down 19 cents, or 0.2%, to $84.76 a barrel by 11:25 a.m. EDT. U.S. West Texas Intermediate futures were down 17 cents, or 0.2%, to $79.43 a barrel. At their session highs, both contracts were up more than 1%.

On Wednesday, Brent futures settled at their highest since June 12, and WTI at the highest since June 15.

Iran has asked the Houthis to stand ready to ⁠close the Red Sea oil route if the U.S. strikes Iranian power infrastructure, three sources told Reuters. This week, U.S. President Donald Trump repeated threats of striking Iranian power plants and bridges.

"With the Strait of Hormuz already closed, this threat raises the serious risk of both of the Middle East's primary oil export routes being disrupted at the same time," said Alex Hodes, director of energy market strategy at brokerage StoneX.

Total volumes of petroleum transiting Bab el-Mandeb amounted to 7.4 million barrels per day in June, or about 7% of global oil output, according to Kpler data, up from 4.2 million bpd last year.

"Simultaneous disruptions affecting Hormuz and Bab el-Mandeb would significantly amplify supply chain stress, increase tanker availability constraints, and raise insurance premiums," said Wael ‌Makarem, ⁠financial markets strategist lead at Exness.

On Wednesday, the U.S.struckIran's coastal defences and missile sites after reimposing a naval blockade of its ports. Tehran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America.

The fragile truce reached in June has collapsed, disrupting energy flows through the Strait of Hormuz, which handled about a fifth of daily global oil and LNG trade before the war ⁠began.

Fewer vessels passed through the strait on Wednesday, the first day after the U.S. reimposed its naval blockade on Iran. Seven crossed on Wednesday, down from 13 the previous day.

"It seems reasonable that prices could continue to climb towards $90-$95 and maybe even touch the $100 mark again ⁠and that is because the Strait of Hormuz is repeatedly being disrupted, creating uncertainty over oil flows from the Gulf," said Ole Hvalbye, market analyst at SEB Research.

On the supply side, Iraqi crude loadings more than doubled to average roughly 1.2 million ⁠barrels per day in the first half of July, according to Kpler data and a source with direct knowledge of the flows, as exports accelerated following months of restricted shipments. (Reuters)

https://www.shafaq.com/en/Economy/Oil-nears-one-month-high-on-Red-Sea-threat‍ ‍

Iraqi PM pursues greater Chevron investment in energy sector

2026-07-16 Shafaq News- Washington/ Baghdad  Iraqi Prime Minister Ali Al-Zaidi on Thursday called on US energy giant Chevron to expand its investments in Iraq and speed up new projects as part of Baghdad’s strategy to increase crude oil production and diversify export routes.

According to the PM media office, Al-Zaidi pledged government support for refineries, petrochemical industries, and gas production facilities during talks with Chevron Chairman and CEO Mike Nelson and the company’s board at its Washington headquarters.

Nelson expressed Chevron’s interest in broadening its presence in Iraq through investments in southern oil fields, pipelines linking production sites to regional ports, and storage facilities.

Read more: US investment dominates al-Zaidi's Washington meetings

Iraq aims to increase crude oil production to 7 million barrels per day within three years, up from the current 4.2–4.5 million bpd, Al-Zaidi said in late June.

The meeting with Chevron preceded Friday’s signing in Washington of “the largest package of agreements and memorandums of understanding” in the history of US-Iraq relations, which covers energy, investment, the economy, technology, education, healthcare, security, infrastructure, and private sector development, while opening the Iraqi market to major US companies, according to an informed government source.

Al-Zaidi arrived in the US capital on Monday for a seven-day official visit, leading a high-level delegation of ministers, senior officials, investors, and business leaders.

Read more: Al-Zaidi at the White House: A sustainable partnership or continued crisis management?

https://www.shafaq.com/en/Economy/Iraqi-PM-pursues-greater-Chevron-investment-in-energy-sector

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-16-26

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-16-26 

Good Evening Dinar Recaps,

IMF Sees Global Economy Stabilizing as Financial System Adjusts to War, Inflation, and Technology

The International Monetary Fund says the global economy has remained more resilient than expected despite months of conflict in the Middle East, while warning that debt, inflation risks, and rapid technological change continue to reshape the international financial system.

Overview

• The IMF's July World Economic Outlook Update says global financial conditions have improved as markets anticipate further geopolitical de-escalation.

• Strong corporate earnings and resilient economic activity have helped stabilize financial markets despite the energy shock caused by the Iran conflict.

• The IMF cautions that elevated public debt, inflation uncertainty, and geopolitical risks continue to threaten long-term financial stability.

Key Developments

1. Financial Markets Show Greater Resilience

The IMF reported that global financial markets have weathered recent geopolitical shocks better than many economists expected. Corporate earnings have remained strong, equity markets continue to perform well, and credit markets remain relatively stable despite months of conflict in the Middle East. Financial conditions have eased as investors anticipate further diplomatic progress and a gradual normalization of energy markets.

2. Central Banks Continue Walking a Tightrope

Although energy prices have eased from earlier peaks, central banks remain cautious about inflation risks. The IMF noted that uncertainty surrounding inflation and government debt continues to influence interest-rate expectations, leaving policymakers reluctant to declare victory over inflation too soon.

3. Artificial Intelligence Is Becoming a Major Market Driver

The report also highlights the growing concentration of investment in artificial intelligence, with AI-related companies continuing to outperform many other sectors. The IMF says technological innovation is becoming an increasingly important force shaping global capital markets alongside traditional economic factors.

Why It Matters

The IMF's assessment suggests that the global financial system has become more resilient, but it also confirms that today's economy is being reshaped by multiple structural forces occurring simultaneously—geopolitical conflict, government debt, evolving monetary policy, and technological transformation. These trends are likely to influence investment decisions, capital flows, and financial policy for years to come.

 Why It Matters to Foreign Currency Holders 
For those following potential currency realignments and international monetary changes, the report reinforces that central bank policy, sovereign debt, payment-system modernization, and shifting capital flows remain key long-term drivers of the global financial landscape. While the IMF does not predict a dramatic monetary reset, it recognizes that the international financial system continues adapting to significant structural changes.

Implications for the Global Reset

• Pillar 1: Debt

Governments continue balancing high public debt levels against inflation and slower growth, making monetary policy increasingly important for long-term fiscal stability.

• Pillar 3: Assets

Financial markets are increasingly being influenced by AI investment, changing interest-rate expectations, and evolving global capital flows, altering how investors allocate assets worldwide.

• Pillar 2: Trade

Improving geopolitical conditions have helped stabilize markets, but global trade and supply chains remain vulnerable to renewed conflict or energy disruptions.

The IMF's latest outlook suggests that the world's financial architecture is adapting rather than breaking. Economic resilience, evolving monetary policy, technological innovation, and geopolitical developments are together shaping the next phase of the international financial system.

This is not simply about economic growth—it reflects the broader transformation of the global financial system as monetary policy, investment flows, technology, and international trade continue to redefine the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• International Monetary Fund — July 2026 World Economic Outlook Update: Global Economy in Crosscurrents of War and Technology

• Reuters — IMF Says Hopes to Engage on Central Banks' Changes to Forward Guidance

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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

‍Jon Dowling: Former Apple Co-Founder Reveals Why Gold Could Back the Next Economy

‍Jon Dowling: Former Apple Co-Founder Reveals Why Gold Could Back the Next Economy

7-15-2026

In a recent episode of the Jon Dowling podcast, listeners were treated to a masterclass in monetary history and economic theory from Ronald G. Wayne.

An accomplished engineer, inventor, and author with a career spanning seven decades, Wayne brings a unique, long-term perspective to the current state of global finance.

His insights delve deep into the mechanical flaws of modern fiat currency systems, offering a sobering look at why he believes a return to “sound money”—specifically gold and silver—is not just preferable, but inevitable.

Wayne’s critique begins with a fundamental look at how money has evolved since World War II. He argues that the transition from gold-backed standards to fiat systems—currencies backed only by government decree—has created a cycle of perpetual inflation.

According to Wayne, governments are often politically motivated to print unlimited amounts of unbacked paper money to fund various initiatives. This lack of a “physical anchor” means that fiat currencies are destined to lose their purchasing power over time, eventually inflating to the point of worthlessness.

While history is littered with examples of localized hyperinflation, Wayne points out that our current situation is uniquely precarious. He describes the current economic climate as a “global reset.” In the past, when one nation’s currency failed, they could rely on stable trading partners to help stabilize their economy.

Today, however, Wayne observes a simultaneous collapse of fiat systems worldwide. With no external “sound” economies to act as a safety net, he suggests that the global financial infrastructure is approaching a breaking point, metaphorically describing it as “the roof caving in.”

To explain the disappearance of precious metals from daily use, Wayne cites Gresham’s Law: the economic principle that “bad money drives out good.” When governments introduce debased or unbacked currency into the market, people naturally hoard “good money” (gold and silver) because of its intrinsic value, while spending the “bad money” (fiat) as quickly as possible.

This explains why silver disappeared from common coinage decades ago. However, Wayne anticipates a reversal of this trend, where these hoarded metals will eventually resurface to form the foundation of a restructured, stable monetary system.

The conversation also touches on the rise of digital currencies and blockchain technology.

While Wayne acknowledges the innovation behind cryptocurrencies, he remains skeptical of them as a permanent replacement for precious metals. He categorizes many digital assets as “sideways moves”—temporary technological shifts that still lack the 2,500-year proven track record of gold and silver. Interestingly, he does discuss the possibility of a transition period where blockchain-backed assets, such as XRP, might facilitate a global reset, provided they are eventually anchored to tangible assets like gold and silver to prevent arbitrage and ensure cross-border stability.

Ultimately, Ronald G. Wayne’s message serves as both a warning and a guide for individual financial preservation. He estimates that the current fiat system could face a definitive crisis within the next three to five years.

For those looking to protect their wealth, his advice is rooted in history: acquire and hold physical gold and silver. By understanding the cycles of monetary history and the enduring value of precious metals, Wayne believes individuals can better prepare for a future where money is once again rooted in something tangible.

For a deeper dive into these economic principles and to hear Wayne’s full analysis, you can watch the complete interview on the Jon Dowling YouTube channel. It is a must-watch for anyone interested in the intersection of history, technology, and the future of global finance.

https://www.youtube.com/watch?v=hgf2CFQpYzw

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-16-26

Good Afternoon Dinar Recaps,

Global Inflation Outlook Hangs in the Balance as Central Banks Weigh Next Move

Cooling inflation has eased immediate fears of additional interest-rate hikes, but ongoing geopolitical tensions and energy uncertainty continue to cloud the global economic outlook.

Overview

• Global inflation pressures showed signs of easing, giving central banks greater flexibility on future interest-rate decisions.

• Energy risks tied to the Middle East continue to threaten inflation and economic stability despite softer price data.

• Financial markets are increasingly focused on whether policymakers can begin easing monetary policy without reigniting inflation.

Key Developments

1. Inflation Shows Signs of Cooling

Recent inflation data has been more encouraging than expected, helping calm fears that central banks would need to continue aggressively raising interest rates. While inflation remains above long-term targets in many economies, the pace of price increases has moderated.

2. Central Banks Remain Cautious

Officials from the Federal Reserve, European Central Bank, and Bank of England continue to emphasize caution. Policymakers want additional evidence that inflation is moving sustainably lower before considering interest-rate reductions, particularly with ongoing uncertainty surrounding energy prices.

3. Middle East Risks Continue to Influence Markets

The conflict involving Iran and continued uncertainty surrounding the Strait of Hormuz remain major variables for the global economy. Although oil prices have remained below their earlier peaks, renewed disruptions to energy supplies could quickly reverse recent progress on inflation.

Why It Matters

Inflation remains one of the most important drivers of the global financial system. Lower inflation increases the possibility that central banks may eventually reduce interest rates, supporting economic growth, improving credit conditions, and easing pressure on heavily indebted governments and consumers.

However, geopolitical risks continue to threaten that progress. Energy market disruptions remain capable of reigniting inflation, forcing policymakers to delay any shift toward easier monetary policy.

Why It Matters to Foreign Currency Holders

For those following the Global Financial Reset, inflation and interest-rate policy remain among the most important indicators to monitor.

Lower inflation could strengthen confidence in financial markets, support global liquidity, and encourage investment. At the same time, continued geopolitical uncertainty highlights how closely energy security, monetary policy, and currency stability are now connected within the evolving international financial system.

Implications for the Global Reset

• Pillar 1: Debt

A sustained decline in inflation would improve the likelihood of lower interest rates, easing borrowing costs for governments, businesses, and consumers while reducing pressure from rising debt-service expenses.

• Pillar 3: Assets

Expectations surrounding future interest-rate policy continue to influence global investment flows across bonds, equities, precious metals, and currencies.

• Pillar 5: Energy

Continued instability in the Middle East demonstrates that energy markets remain a critical driver of inflation, economic growth, and financial stability worldwide.

Looking Ahead

Investors will closely watch upcoming inflation reports, labor market data, and central bank meetings for confirmation that inflation continues moving lower.

At the same time, developments in the Middle East remain an important wildcard. Any renewed disruption to global energy supplies could quickly alter inflation expectations and delay anticipated shifts in monetary policy.

This is not simply about inflation—it reflects the broader transformation of the global financial system as central bank policy, energy security, and capital flows increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — Inflation Limbo

• U.S. Bureau of Labor Statistics — Consumer Price Index Summary

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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

Iraq Economic News and Points To Ponder Thursday Afternoon 7-16-26

Iraq Inflation Slows 1.3% In May

2026-07-16 15:15   Shafaq News- Baghdad  Iraq’s annual inflation rate fell to 3% in May from 4.3% in April, while consumer prices declined 1.2% month on month, according to the Statistics and GIS Authority. The Consumer Price Index dropped to 111.2 points from 112.5 in April.

Manar Al-Obaidi, head of the Iraq Future Foundation for Economic Research and Consultations, attributed the slowdown mainly to lower food, vegetable, and fuel prices.

Food and non-alcoholic beverage prices fell 3.1% from April, while housing, water, electricity, and gas declined 1.1%. Meat prices rose 1.7%, with dairy products, eggs, and fish also recording increases.

https://www.shafaq.com/en/Economy/Iraq-annual-inflation-slows-1-3-in-May

Oil Prices Slip On Hormuz Shipping Route Threats

2026-07-16 01:12    Shafaq News    Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz.

The United States struck Iran's coastal defences and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened to shut off more regional energy exports, saying it was engaged in an "existential war" with America.

After initially rising for a fourth straight session, Brent crude futures slipped 24 cents, or 0.28%, to $84.95 a barrel as of 0435 GMT, while U.S. West Texas Intermediate futures fell 15 cents, or 0.19%, to $79.45 a barrel. Brent had gained almost $1 earlier ⁠in the session and both contracts remained close to one-month highs.

"Geopolitical risks remain firmly supportive for oil, but after a strong rally, traders are adopting a wait-and-watch approach," Phillip Nova senior market analyst Priyanka Sachdeva said. "The focus has shifted from the threat itself to whether there is any tangible disruption to oil flows and how both the U.S. and Iran choose to respond in the coming days."

Oil prices have gained this week as attacks deepened supply disruption in the Strait of Hormuz, which handled about a fifth of the world's oil and liquefied natural gas trade before the war began.

Fewer vessels passed through the Strait of Hormuz on Wednesday, the first day after the U.S. reimposed its naval blockade on Iran. Seven crossed on Wednesday, down from 13 the previous day.

Hostilities between Iran ⁠and the U.S. reignited last week, fraying an already fragile truce reached in June after several months of fighting.

"While mediation efforts by neighbouring countries continue and the consensus view is that a full-scale war is unlikely, WTI could still rise to $85–$87 depending on how the conflict develops," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment.

Analysts say Iran has signalled it may use its Houthi allies in Yemen to shut the Bab el-Mandeb gateway ⁠to the Red Sea, opening a new front against Washington and putting a second of the world's most vital energy arteries at risk.

Reuters also reported on Wednesday that U.S. officials said the strikes on Iran could pave the way for "more complex" operations against the country, adding to market jitters.

Goldman Sachs said Brent could ⁠exceed $110 in the fourth quarter if the Gulf export recovery continues to stall, but could fall into the $60s by year-end if tensions ease and production recovers faster than expected.

ING analysts cautioned in a note that the supply disruptions are flaring back up at ⁠a time when U.S. commercial oil inventories are at the lowest levels since 2022, and the lowest levels for the season since 2018.

"The concern is that renewed oil supply disruptions come amid the large inventory drawdowns through the second quarter, leaving the market more vulnerable."  (Reuters)https://www.shafaq.com/en/Economy/Oil-prices-slip-on-Hormuz-shipping-route-threats

Basrah Crudes Rise Despite Global Benchmark Losses
026-07-16 02:58   Shafaq News- Basrah  Iraq’s two Basrah crude grades gained ground in Thursday trading, even as major global oil benchmarks moved lower.

Basrah Heavy crude rose 44 cents to $58.43 per barrel, marking a 0.76% increase. Basrah Medium also added 44 cents, settling at $60.73 per barrel, up 0.73%.

Globally, Brent crude slipped 24 cents, or 0.28%, to $84.95 a barrel, while US West Texas Intermediate (WTI) declined 15 cents, or 0.19%, to $79.45 a barrel.https://www.shafaq.com/en/Economy/Basrah-crudes-rise-despite-global-benchmark-losses

Dollar Edges Lower In Baghdad And Erbil

2026-07-16 03:51   Shafaq News- Baghdad/ Erbil  The US dollar opened Thursday's trading lower in Iraq, hovering around 153,000 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,000 dinars per 100 dollars, down from Wednesday's 153,300 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,500 dinars and bought it at 152,500 dinars. In Erbil, selling prices stood at 153,050 dinars and buying prices at 152,950 dinars.

https://www.shafaq.com/en/Economy/Dollar-edges-lower-in-Baghdad-and-Erbil-6

Gold Prices Drop In Baghdad, Stabilize In Erbil

2026-07-16 05:16   Shafaq News- Baghdad/ Erbil   On Thursday, gold prices edged slightly lower in Baghdad markets, while stabilized in Erbil, hovering around 860,000 IQD per mithqal, according to Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 862,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 858,000 IQD. The same gold had sold for 864,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 832,000 IQD, with a buying price of 828,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 860,000 and 870,000 IQD per mithqal, while Iraqi gold sold for between 830,000 and 840,000 IQD.

In Erbil, 22-carat gold was sold at 915,000 IQD per mithqal, 21-carat gold at 873,000 IQD, and 18-carat gold at 749,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-drop-in-Baghdad-stabilize-in-Erbil-8

Basra Port Operations Continue After Drone Strikes Ship

2026-07-16 05:51   Shafaq News- Basra  Maritime traffic at Basra Oil Port in southern Iraq is proceeding normally after an unidentified drone struck a docked oil tanker on Thursday without exploding or causing damage.

"There is no halt to export operations or work at the port of Basra, and conditions are proceeding entirely normally," a source at the Iraqi Ports Company told Shafaq News.

A security source said the tanker, the Liberian-flagged Supreme Prosperity, with a capacity of two million barrels, was berthed at quay No. 1 at Basra Oil Port when the drone struck it. The source confirmed no material or human losses were recorded.

https://www.shafaq.com/en/Economy/Drone-hits-cargo-ship-bound-for-Basra  

Oil Generates Four-Fifths Of Iraq’s Revenue Through May

2026-07-16 08:25    Shafaq News- Baghdad  Oil revenues accounted for 84% of Iraq’s 33.747 trillion Iraqi dinars ($25.65B) in federal income through the end of May 2026, according to budget execution data released by the Finance Ministry.

The figures showed oil receipts reached 27.270 trillion dinars ($20.73B), while non-oil revenue totaled 6.477 trillion dinars ($4.92B), accounting for the remaining 16%. Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

Government spending reached 45.070 trillion dinars ($34.25B) over the same period, comprising 41.908 trillion dinars ($31.85B) in current expenditure, 3.094 trillion dinars ($2.35B) for debt servicing, and 13.6 billion dinars ($10.34M) in capital expenditure.

Employee compensation, according to the data, remained the largest spending item at 25.556 trillion dinars ($19.42B), followed by 11.373 trillion dinars ($8.64B) for social welfare. Grants, subsidies, interest payments, and other allocations totaled 3.301 trillion dinars ($2.51B), while goods accounted for 1.542 trillion dinars ($1.17B) and services 108.3 billion dinars ($82.31M).

Investment spending stood at 1.627 trillion dinars ($1.24B), including 915.9 billion dinars ($696.08M) for the national investment program, 605.9 billion dinars ($460.48M) for regional development projects, and 71.4 billion dinars ($54.26M) for petrodollar-funded projects. Buildings and public services received the largest share at 992.4 billion dinars ($754.22M), followed by transport and communications with 269.5 billion dinars ($204.82M), industry with 249 billion dinars ($189.24M), education with 99.9 billion dinars ($75.92M), and agriculture with 15.9 billion dinars ($12.08M).

Iraq, OPEC’s second-largest oil producer, relies on crude exports for about 90% of federal revenue, a dependence that has come under growing pressure following disruptions to shipping through the Strait of Hormuz, which carries roughly one-fifth of global oil supplies. In late March, economic expert Nabil Al-Marsoumi estimated that the country had cut production by about 2.9 million barrels per day, the largest reduction among OPEC members.

Read more: No exit but Hormuz: Iraq’s economic vulnerability exposed

https://www.shafaq.com/en/Economy/Oil-generates-four-fifths-of-Iraq-s-revenue-through-May

Seeds of Wisdom RV and Economics Updates Thursday Morning 7-16-26

Good Morning Dinar Recaps,

Fewer Vessels Transit Hormuz as U.S. Blockade Tightens Pressure on Global Trade

The renewed U.S. naval blockade and reduced shipping through the Strait of Hormuz are increasing pressure on global energy markets, trade flows, and alternative payment systems as geopolitical tensions continue to reshape international finance.

Overview

• Shipping traffic through the Strait of Hormuz declined sharply after the United States reinstated its naval blockade.

• Higher transportation costs and energy risks are raising concerns about inflation, global supply chains, and international trade.

• The prolonged disruption is renewing interest in alternative payment systems,including digital assets and non-dollar settlement mechanisms for sanctioned nations.

Key Developments

1. U.S. Blockade Reduces Shipping Through Hormuz

The United States reinstated its naval blockade, prompting a significant decline in vessel traffic through the Strait of Hormuz, one of the world's most important energy corridors. The blockade also includes a 20% reimbursement fee on cargo transiting under the security perimeter, increasing costs for shipping companies and energy importers.

2. Energy Markets Face Renewed Pressure

The Strait of Hormuz normally handles roughly one-fifth of global seaborne oil and liquefied natural gas exports. Reduced vessel traffic has renewed concerns over supply disruptions, placing upward pressure on oil prices and transportation costs while increasing uncertainty across global financial markets.

3. Alternative Payment Systems Gain Attention

With sanctions and shipping restrictions continuing, analysts note that countries under economic pressure may increasingly explore digital assets and alternative cross-border payment systems to facilitate international trade. While cryptocurrency remains a secondary factor, the broader trend reflects growing interest in reducing reliance on traditional financial channels during geopolitical crises.

Why It Matters

The renewed blockade demonstrates how quickly geopolitical conflict can disrupt global commerce. Higher shipping costs, elevated energy prices, and uncertainty surrounding one of the world's most critical maritime chokepoints have implications for inflation, monetary policy, and international investment.

Continued instability also increases pressure on governments and businesses to diversify supply chains and modernize payment infrastructure capable of operating during periods of geopolitical disruption.

Why It Matters to Foreign Currency Holders

For foreign currency holders following developments related to the Global Financial Reset, disruptions in the Strait of Hormuz highlight the close relationship between energy security, international trade, and monetary policy.

Extended instability could delay interest-rate reductions, strengthen inflationary pressures, accelerate adoption of alternative payment systems, and encourage greater diversification away from traditional dollar-based settlement for some international transactions.

Implications for the Global Reset

• Pillar 2: Trade

Higher shipping costs and reduced vessel traffic through one of the world's busiest maritime corridors threaten global supply chains and increase the cost of international commerce.

• Pillar 3: Assets

Geopolitical uncertainty often increases investor demand for hard assets, while sanctions and financial restrictions continue encouraging exploration of alternative settlement systems and digital assets.

• Pillar 5: Energy

The Strait of Hormuz remains one of the world's most strategic energy chokepoints. Any sustained disruption directly affects global oil and LNG markets, influencing inflation and economic stability worldwide.

Looking Ahead

Attention now turns to whether diplomatic efforts can resume after reports that recent ceasefire negotiations have stalled. Although earlier discussions sought to establish a broader framework for peace, no comprehensive agreement has been finalized, and military tensions remain elevated.

Markets will continue watching shipping volumes, energy prices, and any renewed diplomatic engagement for signs that stability may return to one of the world's most critical trade routes.

This is not simply about oil—it reflects the broader transformation of the global financial system as energy security, trade flows, and geopolitical power increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Crypto Briefing — Fewer vessels travel through Hormuz as US resumes blockade

• U.S. Energy Information Administration (EIA) — The Strait of Hormuz is the world's most important oil transit chokepoint

~~~~~~~~~~

🌱 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

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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

Iraq Economic News and Points To Ponder Thursday Morning 7-16-26

Unprecedented security measures accompanied the Iraqi Prime Minister's visit to Washington, causing the suspension of air traffic at Reagan Airport and the cancellation and delay of more than 400 flights

Washington -One News - 7/16/2026  The official visit of Iraqi Prime Minister Ali al-Zaidi to the US capital, Washington, turned into one of the most heavily secured foreign visits in recent months, after US authorities imposed exceptional measures that led to the suspension of air traffic at Ronald Reagan National Airport, one of the most sensitive airports and closest to federal institutions in the capital.  

CBS News reported that takeoff and landing operations at Ronald Reagan National Airport (DCA) were halted for several hours on Tuesday afternoon as part of security arrangements accompanying al-Zaidi's movements, given the security circumstances related to the ongoing war with Iran, which directly impacted air traffic.  

According to the report, the measures caused the cancellation of at least 126 flights, while more than 300 other flights were delayed between 11 a.m. and 3 p.m., in one of the most significant disruptions the airport has witnessed this year as a result of security arrangements related to a visit by a foreign official.  

These measures coincided with the Iraqi-American summit that brought together Al-Zaidi and US President Donald Trump at the White House, and received widespread political and media attention, especially in light of the friendly atmosphere that prevailed during the meeting.  

Trump praised his relationship with the Iraqi Prime Minister, stressing that there was "tremendous chemistry" between them, before deciding to extend the meeting and inviting al-Zaidi to a luncheon that was not on the official visit schedule, in a move that reflected the level of rapprochement that characterized the talks between the two sides.  

The visit comes at a stage described as one of the most sensitive in Iraqi-American relations, as it coincides with the approaching end of the international coalition’s mission in Iraq on September 30, and the Iraqi government’s continued implementation of its program to restrict weapons to the state, in addition to discussing security cooperation, energy, investment and economic partnership files.  

Observers believe that the level of security measures accompanying the visit reflects the importance that American institutions have attached to the summit, whether due to the position of the Iraqi Prime Minister in the current regional equation, or due to the rapid security developments in the Middle East, which prompted Washington to adopt the highest levels of protection during the movements of the Iraqi delegation within the capital.  

This is al-Zidi's first visit to the United States since assuming the premiership, and it is seen as a pivotal moment in reshaping relations between Baghdad and Washington, amidst rapidly changing regional dynamics and anticipated agreements on security, energy, and investment.     https://1news-iq.net/إجراءات-أمنية-غير-مسبوقة-رافقت-زيارة/

The "Axis Of Resistance" Is A Thing Of The Past After Al-Zaidi Entered The White House... And The Factions Are Worried About "Trump's Deception": He Wants To Overthrow The Iranian Regime

White House to meet with US President Donald Trump, armed factions in Iraq were monitoring the visit and keeping their finger on the trigger, amid a continuing escalation 

Baghdad - One News - 7/16/2026   As Prime Minister Ali al-Zaidi crossed the threshold of the between Washington and Tehran that has revived fears that Iraq could once again become an arena for regional conflict.  

According to a report published by Al-Mada newspaper, political circles in Baghdad believe that the real test for Al-Zaidi will not be in Washington, but after his return to Iraq, and his ability to consolidate his government and implement its pledges, in light of the possibility of Iran and the factions associated with it moving to weaken or overthrow it.  

Al-Zaidi arrived in Washington with a large political and economic delegation, where he met with US President Donald Trump at the White House and also met with the US Secretary of Defense, in a visit that focused on security, energy and investment issues, as well as the future of US forces and the issue of restricting weapons to the state.  

Independent politician and former MP Mithal Al-Alusi said that the Trump administration is giving the visit exceptional attention and is seeking to confirm its support for Al-Zaidi as the head of a government that is moving towards political, military, security, financial and economic reform.  

Al-Alousi criticized the size of the Iraqi delegation and its composition based on power-sharing, arguing that Washington expects a more independent government capable of changing the course of the state, not a reproduction of traditional party balances.  

Al-Mada quoted a source close to the armed factions as saying that these groups doubt the September 30 deadline, which is supposed to mark the end of the US forces’ mission in conjunction with the implementation of the weapons control plan.  

The source added that some factions believe that Trump is pushing to accelerate the delivery of weapons while he is preparing a broader plan to overthrow the Iranian regime, which is prompting them to keep their weapons and prepare for the possibility of escalation.

In Baghdad, security and political sources reported that authorities are monitoring the movements of between seven and ten factions believed to be directly linked to the Iranian Revolutionary Guard, and are conducting undisclosed investigations to determine whether they were involved in attacks targeting American sites in Bahrain, Kuwait, and Jordan.  

The sources warned that any new US strike against Iran could push some of these groups to move from waiting to direct engagement, threatening to bring Iraq back into the heart of the confrontation.

In contrast, Rahim Al-Aboudi, a member of the Wisdom Movement, said that the disarmament file has reached about 80 percent, and that between four and five factions still refuse to respond, while political sources doubted the seriousness of the handover operations, and said that some of them were limited to handing over old weapons while keeping ballistic missiles, drones and qualitative weapons.  

Al-Zaidi is also visiting Washington weeks after the start of a campaign to pursue figures accused of corruption, and amid continued vacancies in the Interior and Defense Ministries.  

Al-Alousi said that US financial authorities and anti-money laundering institutions are concerned about Iraqi funds located abroad, some of which are believed to belong to individuals and institutions linked to entities hostile to the United States.  

He added that the most important issue for Washington remains al-Zaidi’s ability to confront the factions, remove weapons from outside the state, and enforce the law, considering that the delay in deciding on the two security ministries may be a message that they will be assigned to professional figures far removed from quotas.  

Al-Alousi believes that the factions refusing to hand over weapons risk losing their political position, but he acknowledged that they are still capable of threatening the Iraqi interior.  

He concluded by saying that the toughest test will begin after al-Zaidi's return to Baghdad, the selection of the Ministers of Interior and Defense, and the implementation of changes in the security apparatus.  

He stressed that the success of the visit will not be measured by what was announced in Washington, but rather by the government's ability to fulfill its commitments regarding the issues of weapons, corruption, and reform.  

https://1news-iq.net/محور-المقاومة-أصبح-من-الماضي-بعد-دخو/

Al-Zaidi To Former US Ambassadors To Iraq: We Look Forward To Building Balanced And Sustainable Relations With The United States

Washington - One News - 7/15/2026     Prime Minister Ali Faleh al-Zaidi met in Washington, D.C., with a number of former U.S. ambassadors to Iraq, as part of meetings aimed at strengthening bilateral relations and exchanging views on the future of cooperation between the two countries.  

The meeting witnessed discussions on Iraqi-American relations and ways to develop them in various fields, in addition to discussing the latest developments in Iraq and the region, and emphasizing the importance of expanding joint cooperation in a way that serves the interests of the two countries and the two friendly peoples.  

Al-Zaydi stressed that Iraq looks forward to building balanced and sustainable relations with the United States, based on common interests and mutual respect, noting that the government continues to implement its program aimed at consolidating security and stability, strengthening the rule of law, combating corruption, and advancing development and economic reform.   

https://1news-iq.net/الزيدي-لسفراء-أميركيين-سابقين-بالعرا/