Iraq Economic News and Points To Ponder Saturday Afternoon 7-25-26

CBI Revamps Organizational Structure  

2026-07-25 13:47    Shafaq News- Baghdad   Iraq's Central Bank (CBI) approved a broad restructuring of its organizational framework, upgrading its Directorate of Non-Bank Financial Institutions Supervision to a full general directorate as part of efforts to strengthen oversight and improve institutional performance.

According to an official document, the restructuring includes transferring the Operations and Settlements Department from the Information Technology and Payments Directorate to the Accounting Directorate, while policy, regulatory, digital solutions and financial services units will be moved to the newly established Directorate of Non-Bank Financial Institutions Supervision.

The bank also renamed the Information Technology and Payments Directorate as the Information Technology Directorate and abolished its Financial Inclusion and Information Security departments, redistributing their responsibilities among existing directorates and the Risk Management Department.

In addition, CBI dissolved its office responsible for coordinating branch operations, placing its branches in Basra, Mosul, and Erbil under the direct supervision of the deputy governor. It also introduced changes to reporting lines within its quality management and institutional development departments.

The restructuring is scheduled to take effect by July 30, with the Human Resources Directorate tasked with reallocating staff in line with the new organizational structure. https://www.shafaq.com/en/Economy/CBI-revamps-organizational-structure

Iraq Non-Oil Revenue Hits Record 16%

 2026-07-25  Shafaq News- Baghdad   Iraq’s non-oil revenues reached a record 16% of total government income during May and June, marking the highest contribution from sources outside the oil sector in years, the Echo Iraq Observatory reported on Saturday.

Non-oil revenues had previously accounted for less than 5% of state income before rising to around 10% during the government of former Prime Minister Mustafa al-Kadhimi (2020-2022), a level that remained largely unchanged under former Prime Minister Mohammed Shia al-Sudani (2022-2025).

‘’Revenues transferred by Iraq’s Kurdistan Region accounted for around 5.5% of total non-oil revenues,’’ the Observatory noted, attributing non-oil revenues to several sources, including taxes on goods, production fees, general service charges, taxes on income and wealth, transfer revenues and other state income streams.

Despite the increase in non-oil income, Iraq, OPEC’s second-largest oil producer, remains heavily dependent on crude exports. This reliance has come under growing pressure following disruptions to shipping through the Strait of Hormuz, which carries roughly 20% of global oil supplies. In late March, economic expert Nabil Al-Marsoumi estimated that Iraq 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/Iraq-non-oil-revenue-hits-record-16

Basrah Crudes Jump 16%+ For The Week

2026-07-25   Shafaq News- Basrah  Iraq’s Basrah crude advanced more than 16% over the past week, outperforming several major global oil grades.

Basrah Heavy rose $1.47, or 2.28%, in the final trading session to settle at $65.82 a barrel, bringing its weekly gain to $10.93, or 16.61%. Basrah Medium also climbed $1.47, or 2.21%, to $68.12 a barrel, recording a weekly gain of $10.93, or 16.05%.

Brent crude futures settled at $96.55 a barrel, down $4.14, or 4.11%, while US West Texas Intermediate crude closed at $89.24 a barrel, down $2.95, or 3.20%. https://www.shafaq.com/en/Economy/Basrah-crudes-jump-16-for-the-week

USD/IQD Climbs In Baghdad, Erbil Trading

2026-07-25 03:47 m   Shafaq News- Baghdad/ Erbil   The US dollar opened Saturday’s trading higher in Iraq, hovering around 151,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 150,500 dinars per 100 dollars, up from the previous session’s 150,450 dinars.

In the Iraqi capital, exchange shops sold the dollar at 151,000 dinars and bought it at 150,000 dinars, while in Erbil, selling prices stood at 151,000 dinars and buying prices at 150,850 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-climbs-in-Baghdad-Erbil-trading

Gold Prices Retreat In Baghdad And Erbil Markets

2026-07-25 04:45   Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 855,000 IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 856,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 852,000 IQD. The same gold had sold for 861,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 826,000 IQD, while the buying price reached 822,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 855,000 and 865,000 IQD, while Iraqi gold sold for between 825,000 and 835,000 IQD.

In Erbil, 22-carat gold was sold at 900,000 IQD per mithqal, 21-carat gold at 860,000 IQD, and 18-carat gold at 736,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-retreat-in-Baghdad-and-Erbil-markets-7

Iraq And Iran Set Up Joint Operations Room To Manage Arbaeen Traffic

Money and business    Economy News – Baghdad  The governor of Khuzestan, Mohammad Reza Mwalizadeh, southwest of Iran, announced the establishment of a joint operations room between Iran and Iraq, with the aim of conducting the necessary coordination to facilitate the movement of visitors and provide services to them.

He said that the goal of all executive bodies is to provide an easy, safe and low-cost journey for the visitors of Arbaeen, pointing out that all the possibilities of the province are used to provide the necessary services.

In reference to the official launch of the processions of visitors through the crossings of the province, the governor of Khuzestan said: "The ceremony was held to start providing services to visitors at the crossing of Shalamjah, and the processions of visitors and service agencies began their work at an attractive crossing," noting that about 200 thousand visitors crossed these two border crossings.

“The processions, executives, relief teams and services are currently deployed at full capacity on the border, and the traffic is running smoothly and regularly.”

The Governor of Khuzestan expressed the hope that the continuous coordination and participation of the executive bodies will contribute to the provision of the necessary services to the visitors of the Arbaeen, and that this spiritual journey will be held with more security, order and comfort compared to previous years https://www.economy-news.net/content.php?id=71772

Iraq Economic News and Points To Ponder Late Friday Evening 7-24-26

Iraq Accelerates Journey Towards WTO Membership

Business Iraq  Iraqi News July 24, 2026 The WTO headquarters at the Centre William Rappard in Geneva, Switzerland   Baghdad – Iraq has increased its attempts to join the World Trade Organization (WTO), with the new administration advancing a process that officials regard as part of a larger agenda of economic reform and diversification.   

Iraq’s accession to the WTO would bring it into the rules-based global trading system, compelling the country to match its trade policies with international norms for market access, transparency, and regulation.

 While membership does not ensure economic development, many observers regard it as a significant step toward building a more predictable climate for trade and investment.
Iraq’s WTO entrance is part of broader attempts to promote private sector growth, attract international investment, and boost non-oil economic activity. The process also requires considerable legal and institutional changes, such as modernizing trade laws and improving regulatory frameworks.

Last week, a team from Iraq’s Ministry of Trade traveled to Geneva to finalize technical documents with the WTO Accession Division and the International Trade Centre (ITC), marking another step forward in the country’s accession discussions.

Since 2020, the ITC has been supporting Iraq’s WTO accession process through a European Union-funded program.

Its work has focused on providing technical assistance to Iraqi institutions as they prepare for negotiations and implement the reforms required by the accession process.

Beyond the discussions, WTO admission is usually seen as a long-term reform goal.

The process promotes greater transparency, more predictable trade policies, and stronger institutions, while assisting countries in aligning domestic regulations with internationally recognized trade rules.

These measures might help Iraq diversify its economy, enhance its business environment, and integrate more effectively into regional and global value networks.

Their success, however, will be dependent on ongoing political commitment and execution after admission.

As negotiations continue, Iraq’s accession process remains both a trade negotiation and a larger exercise in economic modernization, with assistance from the WTO Secretariat, the ITC, the Ministry of Trade, and the European Union.

https://www.iraqinews.com/iraq/iraq-accelerates-journey-towards-wto-membership/

US Sanctions Fall Short Of Disrupting Iraq’s Parallel Economy

2026-07-24 / 06:00    Shafaq News- Baghdad      Washington's current sanctions has failed to significantly curb Iraq's parallel economy, as sanctioned entities continue to benefit from state institutions, government contracts, and domestic financial networks despite international restrictions, according to an analysis published by the Middle East Forum.

While US sanctions have raised the cost of international financial transactions for individuals and entities linked to Iran-backed armed groups, the analysis argued, they have not prevented those actors from operating within Iraq's economy through legal recognition, licensing, and access to public funds.  

It contends that the absence of complementary reforms inside Iraq has limited the effectiveness of Washington's pressure campaign. https://www.shafaq.com/en/Iraq/US-sanctions-fall-short-of-disrupting-Iraq-s-parallel-economy

Iraq Hunts For $77bn Missing Funds In Corruption Crackdown

By Nadim Kawach    July 24, 2026 4:11 PM

• Amount lent over 22 years

• Finance watchdog says loans not repaid

• Former officials arrested

Iraq has launched a probe to trace ID100 trillion ($77 billon) allegedly lent to government officials, ministries and other public entities over the past 22 years.

The Federal Board of Supreme Audit (FBSA), the Iraqi government’s top financial watchdog, said the loans have not been paid back although some were provided as early as 2004 by the finance ministry, central bank and other official bodies.

“There are nearly ID100 trillion in outstanding loans that have not been settled… We have referred thousands of cases to the judiciary and the integrity commission,” FBSA chairman Ammar al-Mashadani was quoted by the state news agency as saying.

“The board’s report reveals that no loan has been paid back… These funds have accumulated since 2004 and have been provided to many parties,” al-Mashadani said.

A group of lawmakers, appearing on local TV, called on parliament to investigate the disappearance of the funds as part of an anti-corruption crackdown launched by prime minister Ali Al-Zaidi after he took office in May.

“A hundred trillion Iraqi dinars are missing and this federal report proves it… This report has been sent to all members of parliament,” Bassim al-Ghorabi, one of the legislators, said.

“These funds have been disbursed to officials, ministries, government agencies, projects and other official parties… these officials and parties have not settled the outstanding funds over the past years,” he said.

Authorities have reported the arrest of a number of former officials and public servants and the recovery of millions of dollars in allegedly stolen funds since the start of the anti-corruption drive.

Corruption and malpractice have been widely blamed for the delay of various projects and relatively low investment flow into Iraq, a country of 48 million people.

Opec member Iraq, which controls the world’s fifth-largest extractable oil deposits of 145 billion barrels, has not scored well in global corruption indices over recent years.

Last year, the country ranked 136 out of 182 countries in the corruption index of Berlin-based Transparency International.

In a study this month, the head of an Iraqi think tank said official estimates show that funds stolen by corrupt officials and agencies could reach $1 trillion.

“The scale of financial offences poses a significant challenge given official estimates indicating enormous financial losses,” said Gazi Faisal, chairman of the Baghdad-based Iraqi Centre for Strategic Studies, as reported by Al Bawaba News.

https://www.agbi.com/finance/2026/07/iraq-hunts-for-77bn-missing-funds-in-corruption-crackdown/

Billions Of Dollars... Iraq's Losses Since February 28

Localities2026-07-24 |Alsumaria News– Economy: The Prime Minister's financial advisor revealed,Mazhar Muhammad Salih losses Iraq Since the outbreak of war in the region, losses have ranged between $40 and $45 billion, as a result of the sharp decline in oil exports and the disruption of development projects that the government was counting on.

Al-Hurra quoted Saleh as saying that "the figure represents what economists call opportunity cost, that is, lost revenues and projects."Iraq From February 28th until mid-June 2026."

  He warned that "the cost will rise the longer the war lasts and the more difficult it becomes to resume exports at their previous levels."

Iraq relies on oil to finance the majority of its public spending. Before the war, it exported about 3.3 million barrels per day, generating annual revenues of approximately $88 billion.

However, Saleh stated that "exports have declined since February 28th to less than 10 percent of their usual level and now only pass through a limited number of outlets, including..."Türkiye And Jordan.”

Saleh said that “the government has set what he described as red lines that cannot be crossed, including salaries, wages, pensions, grants, and social safety nets.”social welfareThe cost
of these payments is approximately eight Trillions of Iraqi dinars are spent monthly, equivalent to approximately $5.9 billion at the official exchange rate of 1,320 dinars to the dollar.

This monthly expenditure rises to around 11 trillion dinars when other expenses are included, such as those related to the electricity sector, medicine, food subsidies, and external debt servicing.

According to Saleh, approximately nine million Iraqis directly benefit from these payments. Including dependent family members, the number of those affected reaches around 40 million out of Iraq's population of approximately 50 million.

To finance the deficit , and with declining oil revenues, the government has resorted to domestic borrowing to secure the necessary liquidity.

Saleh stated that "Ministry of Finance Treasury bills are sold at interest rates between 3 and 5 percent to state-owned banks, which can then discount them at the central bank when they need liquidity.

This method was described as "facilitation"Quantitative, the Iraqi way," he said, comparing it to the tools used by the European Central Bank to support economies during crises.

The increased reliance on this type of financing has led to a rise in domestic public debt to over 106 trillion dinars.Central Bank of Iraq According to Saleh,
the central bank's reserves, which stood between $105 billion and $106 billion before the war, distributed among gold, foreign currencies, and credit-rated government bonds, have declined by more than 60 percent.

Saleh did not specify the current value of the reserves, but said the decline remained below 50 percent.

He added that "during the first few months, Iraq continued to receive delayed revenues from oil shipments exported before the war, as export proceeds usually arrive after about two months, which eased the pressure during the third and fourth months."

He said that "the ratio of local currency coverage by foreign reserves is still close to 90 percent, or slightly below it, while the minimum acceptable level according to the monetary standards cited is 75 percent."

Saleh believes that "this ratio indicates a degree of monetary stability, despite the pressures the war has placed on public finances and dollar inflows."   https://www.alsumaria.tv/news/localnews/571257/

Seeds of Wisdom RV and Economics Updates Saturday Morning 7-25-26

Good Morning Dinar Recaps,

Saudi Arabia Enters Direct Conflict as Red Sea Shipping Attacks Expand Middle East Energy Crisis

Saudi Arabia has launched military strikes against Houthi targets in Yemen following attacks on commercial shipping in the Red Sea, opening a new front in an already volatile regional conflict. As pressure continues in both the Bab el-Mandeb Strait and the Strait of Hormuz, global markets are increasingly focused on the risks to energy supplies, trade routes, and financial stability.

Overview

• Saudi Arabia launched airstrikes against Houthi positions after Iran-backed forces targeted shipping linked to Saudi interests in the Red Sea.

• The escalation places two of the world's most important maritime chokepoints under pressure—the Strait of Hormuz and the Bab el-Mandeb Strait.

• Energy markets, shipping companies, insurers, and policymakers are closely monitoring developments as concerns grow over higher transportation costs and global inflation.

Key Developments

1. Saudi Arabia Responds Militarily to Red Sea Shipping Attacks

Saudi Arabia launched strikes against Houthi positions in Hodeidah and Kamaran Island, two strategically important areas along Yemen's Red Sea coastline. The operation followed Houthi attacks on commercial vessels and represents one of the most significant Saudi military responses since the 2022 truce.

The renewed fighting highlights the growing regional impact of the broader U.S.-Iran confrontation, with Iran-backed groups increasing pressure on international shipping lanes.

2. A Second Global Energy Chokepoint Faces Heightened Risk

While the Strait of Hormuz remains under intense pressure from the U.S.-Iran conflict, renewed instability around the Bab el-Mandeb Strait creates an additional threat to global commerce.

The Bab el-Mandeb serves as the southern gateway to the Red Sea and Suez Canal, connecting Europe, Asia, and the Middle East. Any sustained disruption forces vessels to reroute around the Cape of Good Hope, increasing shipping times, fuel consumption, insurance costs, and freight expenses.

With both strategic waterways experiencing elevated military risk, global supply chains face increased uncertainty.

3. Energy Markets Continue to Monitor Supply Risks

Although oil prices have experienced periods of volatility in recent days, traders remain focused on the possibility of further disruptions to crude oil exports from the Middle East.

Even when physical supply remains available, higher insurance premiums, security costs, and shipping delays can place upward pressure on energy prices, contributing to broader inflation concerns worldwide.

Central banks are also watching developments closely, as prolonged energy inflation could influence future interest-rate decisions and monetary policy.

4. Regional Security Risks Continue to Expand

Military analysts are monitoring whether the conflict remains concentrated around maritime security or broadens into additional regional confrontations involving Iran-backed groups.

Future statements from Saudi Arabia, Iran, Houthi leadership, the United States, and other Gulf nations may determine whether diplomatic efforts can prevent additional escalation or whether attacks against commercial shipping continue.

Why It Matters

The expansion of military operations into the Red Sea significantly increases risks to global trade and energy transportation. Pressure on both the Strait of Hormuz and the Bab el-Mandeb Strait simultaneously represents one of the most serious threats to international shipping since the beginning of the current Middle East crisis.

Because these routes carry a substantial share of the world's energy exports and commercial trade, continued instability has the potential to influence inflation, shipping costs, commodity prices, and financial markets around the globe.

Why It Matters to Foreign Currency Holders

For those following long-term global monetary and financial reforms, rising geopolitical instability often accelerates discussions surrounding energy security, diversified payment systems, alternative settlement mechanisms, and reserve asset strategies.

While these developments do not indicate an imminent currency revaluation, they reinforce the structural changes taking place as governments strengthen financial resilience amid growing geopolitical uncertainty.

Implications for the Global Reset

• Pillar 2: Trade

Growing security risks in both the Red Sea and the Persian Gulf threaten some of the world's busiest maritime trade corridors, increasing transportation costs and disrupting global supply chains.

• Pillar 5: Energy

Simultaneous pressure on two major energy chokepoints raises the potential for higher oil prices, increased market volatility, and renewed concerns over long-term global energy security.

Future Outlook

Attention will now focus on whether Saudi military operations remain limited or evolve into a broader regional campaign involving additional Gulf states and Iran-backed forces. Markets will also closely monitor shipping activity through both the Bab el-Mandeb Strait and the Strait of Hormuz, as continued disruptions could have lasting consequences for global trade, inflation, and financial markets.

This is not simply about military operations—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 — Saudi military strikes Houthi targets in Yemen after Red Sea shipping attacks

• Reuters — Middle East shipping and Red Sea security 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-72 Hours That Matter: Digital Systems, Banking & REER Foundations-Real Money

MilitiaMan & Crew: -IRAQ DINAR UPDATE-72 Hours That Matter: Digital Systems, Banking & REER Foundations-Real Money

7-24-2026

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=xP6BORS0EPU

Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-24-26

Good Afternoon Dinar Recaps,

U.S. Expands Global Trade Measures as Nations Prepare for a New Era of Economic Realignment

New U.S. trade actions affecting dozens of economies are reinforcing the trend toward regional supply chains, strategic manufacturing, and a more fragmented global trading system, adding another chapter to the ongoing transformation of international finance.

Overview

• The United States announced new trade measures affecting approximately 60 economies, expanding efforts to strengthen supply chain security and labor standards.

• The new policies are expected to reshape sourcing decisions for multinational companies, potentially accelerating shifts in global manufacturing.

• Governments and businesses continue adapting to an increasingly fragmented trading environment, with long-term implications for global investment and financial markets.

Key Developments

1. U.S. Broadens Trade Measures

The United States announced new import duties tied to labor compliance standards, affecting goods from approximately 60 economies. The measures create different tariff levels depending on whether exporting countries meet U.S. labor enforcement expectations.

Officials say the policy is designed to strengthen supply chain integrity while encouraging higher labor standards among trading partners.

2. Global Supply Chains Continue to Shift

Manufacturers and importers are expected to reassess production locations and sourcing strategies as the new rules take effect. Companies may diversify suppliers, relocate production, or increase investment in countries with lower trade barriers.

These adjustments continue the broader trend toward regionalization of global commerce that has accelerated over the past several years.

3. Financial Markets Watch Trade Costs Closely

Although financial markets remained relatively stable, economists continue monitoring the potential impact of higher import costs on inflation, corporate earnings, and international investment.

Changes in global trade flows often influence currency markets, shipping demand, and long-term capital allocation decisions.

4. International Institutions Continue Monitoring Global Risks

The International Monetary Fund, World Trade Organization, World Bank, and International Energy Agency have repeatedly emphasized that rising geopolitical tensions and trade fragmentation increase uncertainty for global growth and investment.

Their recent joint assessments continue to highlight the importance of maintaining resilient supply chains and international economic cooperation amid heightened geopolitical risks.

Why It Matters

Trade policy is becoming an increasingly important driver of global financial change. As nations place greater emphasis on economic security, domestic production, and strategic industries, businesses must adapt to a more complex international trading environment.

These structural changes affect investment decisions, manufacturing locations, transportation networks, and long-term economic growth.

Why It Matters to Foreign Currency Holders

Foreign currency investors closely monitor trade developments because changes in international commerce influence economic growth, inflation, central bank policy, and cross-border capital flows.

While today's announcement does not directly affect exchange rates, it reflects broader structural changes that continue reshaping the international monetary system.

Implications for the Global Reset

• Pillar 2: Trade

Global supply chains continue shifting as governments place greater emphasis on national security, strategic manufacturing, and resilient sourcing.

• Pillar 4: Technology

Companies are investing in new logistics systems, digital trade infrastructure, and supply-chain technologies to adapt to evolving international trade rules.

Future Outlook

Attention now turns to how trading partners respond and whether additional economies introduce similar measures to protect domestic industries or strengthen supply chain resilience.

Investors will also watch for any impact on inflation, global manufacturing, shipping activity, and future trade negotiations as the international economic landscape continues to evolve.

This is not simply about tariffs—it reflects the broader transformation of the global financial system as governments increasingly reshape trade, supply chains, and economic policy to address a rapidly changing geopolitical environment.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• World Trade Organization — WTO Members Review Temporary U.S. Import Surcharges

• International Monetary Fund — Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization

~~~~~~~~~~

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Seeds of Wisdom RV and Economics Updates Friday Morning 7-24-26

Good Morning Dinar Recaps,

U.S.–Iran Conflict Deepens as War Funding Grows, Energy Risks Persist, and Diplomacy Stalls 

Escalating military spending, stalled diplomacy, continued threats to global shipping lanes, and persistent regional instability are reinforcing concerns that the Middle East conflict could have lasting consequences for global energy markets, international trade, and the evolving financial system.

Overview

• The Pentagon is seeking an additional $67 billion from Congress after reportedly spending more than $37.5 billion on the ongoing Iran conflict, signaling expectations of a prolonged military campaign.

• Iranian officials continue rejecting direct negotiations with the United States until Washington changes its policies, reducing expectations for a near-term diplomatic breakthrough.

• Oil markets remain highly sensitive as Red Sea shipping disruptions continue, even as Brent crude eased below $100 per barrel, providing temporary relief from inflation concerns.

Key Developments

1. U.S. Seeks Additional $67 Billion for Iran Operations

The Pentagon has requested $67 billion in additional defense funding, citing continued operational requirements, munitions replenishment, intelligence activities, and classified defense programs tied to the conflict with Iran.

The request is expected to face significant debate in Congress, where lawmakers from both parties have expressed concerns about expanding military expenditures. If approved, the funding would signal that Washington expects the conflict to continue for an extended period rather than transition quickly toward a negotiated settlement.

2. Diplomatic Progress Remains Limited

A senior Iranian cleric publicly declared that Iran will not negotiate with the United States until American behavior changes, reinforcing Tehran's longstanding position on sanctions, military pressure, and nuclear issues.

Although indirect discussions through regional mediators continue, public statements from both sides suggest that meaningful negotiations remain difficult, increasing uncertainty over the prospects for any comprehensive agreement.

3. Energy Markets Continue to Balance Risk and Supply

Brent crude briefly traded below $100 per barrel, easing immediate inflation concerns after recent price spikes. Markets interpreted the decline as a sign that global supplies have not yet suffered major interruptions despite continuing geopolitical risks.

However, analysts caution that oil prices remain extremely sensitive to any escalation involving the Strait of Hormuz or additional disruptions to regional exports.

4. Red Sea Shipping Remains Under Pressure

Iran-backed Houthi forces continue targeting shipping associated with Saudi Arabia and its allies in the Red Sea. While the Bab el-Mandeb Strait remains open, attacks have disrupted shipping schedules, increased insurance costs, and forced some vessels to alter routes.

Although global oil exports continue moving, the situation demonstrates how multiple maritime chokepoints can simultaneously threaten international supply chains.

5. Regional Security Risks Continue to Expand

Iraqi Kurdish authorities intercepted five bomb-laden drones near Erbil, highlighting the continuing risk of regional spillover beyond the immediate U.S.–Iran confrontation.

The incident illustrates that military tensions now extend across several countries, requiring governments and financial markets to monitor security developments throughout the broader Middle East.

Why It Matters

Military conflict is increasingly influencing financial markets alongside traditional economic indicators. Defense spending, energy prices, shipping security, inflation expectations, and geopolitical risk are becoming closely interconnected as investors evaluate the potential duration of the conflict.

Even without a complete interruption of oil supplies, persistent uncertainty raises transportation costs, insurance premiums, and investment risk, contributing to greater volatility throughout the global economy.

Why It Matters to Foreign Currency Holders

Foreign currency investors continue monitoring developments because prolonged geopolitical instability can influence energy prices, inflation, central bank policy, and cross-border capital flows.

While the conflict does not directly trigger currency revaluations, it affects many of the macroeconomic conditions that shape long-term monetary policy and international financial stability.

Implications for the Global Reset

• Pillar 1: Debt

Higher military expenditures and expanding defense budgets increase government borrowing needs while adding pressure to already elevated sovereign debt levels.

• Pillar 2: Trade

Continued disruptions around the Red Sea and the Bab el-Mandeb Strait demonstrate how geopolitical conflicts can reshape global shipping routes, increase logistics costs, and affect international commerce.

• Pillar 3: Energy

Oil markets remain highly dependent on Middle East stability. Even temporary disruptions to major maritime chokepoints can influence global inflation, monetary policy, and long-term energy security planning.

Future Outlook

Attention now turns to Congress's debate over additional defense funding, the possibility of renewed diplomatic initiatives, and whether military activity expands further across the region.

Markets will also closely monitor shipping activity through the Strait of Hormuz and the Bab el-Mandeb Strait, as well as oil price movements, since these remain among the most important indicators of whether geopolitical tensions begin easing or continue escalating.

This is not simply about military conflict—it reflects the broader transformation of the global financial system as geopolitical risk, energy security, government spending, and international trade increasingly shape the future of the world economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CryptoBriefing — US Seeks $67B More for Iran Conflict Amid Congressional Resistance

• CryptoBriefing — Houthi Actions Disrupt Red Sea Oil Shipments, Bab el-Mandeb Strait Remains Open

~~~~~~~~~~

🌱 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

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Iraq Economic News and Points To Ponder Friday Morning7-24-26

Iran Seeks Access To $11B In Energy Funds In Iraq

2026-07-23 / 13:35   Shafaq News- Tehran/ Baghdad    Iran has between $10 billion and $11 billion in funds and energy receivables held or owed in Iraq, Central Bank of Iran Governor Abd Al-Naser Hemmati announced on Thursday.  

Hemmati said he discussed the funds with Iraqi Central Bank Governor Nizar Nasser Hussein during Prime Minister Ali Al-Zaidi’s visit to Tehran, with both sides seeking mechanisms to allow Iran to finance imports or complete permitted financial transfers.  

Part of the money has already been used to purchase essential goods, but transfer restrictions continue to “limit [Tehran’s] access” to the remainder.  

Iraq deposits payments for Iranian gas and electricity into restricted accounts because US sanctions limit direct dollar and euro transfers to Iranian institutions.  

Iraq pays Iran $4 billion to $5 billion annually for gas, according to Iraqi energy officials cited by Reuters in March 2025. Then-Electricity Minister Ziyad Ali Fadel estimated that losing Iranian gas would cut about one-third of Iraq’s 27,000 MW electricity output.   Read more: $24 billion frozen asset dispute blocks final US-Iran agreement

https://www.shafaq.com/en/World/Iran-seeks-access-to-11B-in-energy-funds-in-Iraq

Attacks On Oil Fields And Companies In Basra Were Carried Out By Iraqi Armed Factions. The Guardian Reports That Iraq Has Failed To Invest Its Oil Wealth

latest newsThursday, July 23, 2026Baghdad - One News - 7/23/2026   The British newspaper The Guardian revealed in a lengthy report that Iraq is facing one of its most dangerous security, political and economic tests since 2003, after it turned into an arena of indirect confrontation between the United States and Iran, amid escalating attacks on oil facilities and widening division over the weapons of the factions and their influence within state institutions.

According to the report, the series of attacks began after the outbreak of the regional war, with drones targeting oil fields, service facilities, and the headquarters of foreign companies in Basra, including sites linked to American and international companies operating in the energy sector.

The strikes caused widespread fires, forced hundreds of foreign workers to leave the country, and left thousands of Iraqi workers without work, significantly reducing oil production.

The newspaper quoted Iraqi officials as saying that most of the attacks were not launched from outside the borders, but rather originated from within Iraq and were carried out by Iraqi armed factions linked to Iran, in an attempt to disrupt the oil sector, raise global prices, and increase pressure on the US administration to halt its military operations against Tehran.  

The report indicated that the perpetrators of the attacks possessed accurate information about the locations of the targeted warehouses, equipment and facilities, raising suspicions of leaks from within state institutions or companies operating in the oil sector.  

Officials who spoke to the newspaper believe that foreign companies will not bear the losses alone, as the costs of the destroyed equipment will be borne by the Iraqi government, making the national economy, Iraq’s investment reputation, and its ability to attract international companies the biggest losers.  

The Guardian confirmed that the war revealed the fragility of the Iraqi state and its inability to protect its airspace and vital facilities, despite the security leaders' knowledge of the parties behind the missile and drone launches, the chain of command, and the areas from which the attacks originate.  

The report also linked the weak security response to the spread of corruption within military institutions, explaining that some leadership positions are bought with millions of dollars, which pushes leaders to protect their financial interests and avoid confrontation instead of enforcing the law and protecting state institutions.  

In this context, the report indicated that Prime Minister Ali al-Zaidi escalated his stance against the armed factions, giving them until September 30 to hand over their weapons and integrate their combat formations into the official security forces, as part of a project to restrict weapons to the state and reduce Iranian influence.  

While some of the older factions accepted the idea of merging into the state, the ideological factions under the umbrella of the “Islamic Resistance in Iraq” refused to hand over their weapons, considering that the confrontation with the United States and Israel represents an existential battle and a religious duty, and that their weapons will not be surrendered as long as the American presence exists.  

The report indicated that the American pressure was not limited to the political and security aspects, but also included influential economic tools, as Washington halted cash dollar shipments sent to Baghdad in April, before resuming them in July after the government announced practical steps towards disarming the factions.  

According to the report, these pressures coincided with a severe oil crisis, after the closure of the Strait of Hormuz and attacks on Basra facilities led to a decline in production and exports and the appearance of long queues in front of gas stations, in scenes that brought back memories of the chaos that Iraq witnessed after 2003.  

The newspaper pointed out that Iraq’s reliance on oil revenues to fund the salaries of about four million government employees made it highly vulnerable to any halt in production or exports, and prompted it to look for alternative routes, including restarting the Iraqi-Saudi pipeline to bypass the Strait of Hormuz.  

The report also addressed the reasons for Iraq’s failure to invest its oil wealth since 2003, despite the entry of major companies such as BP, ExxonMobil and Shell, explaining that corruption, bureaucracy, contractual disputes and delays in financial dues prompted international companies to reduce their operations or withdraw from their projects.  

The Guardian added that the oil contract system in Basra is subject to the influence of parties, tribes, and sometimes armed factions, which profit from government contracts, making the oil sector for many Iraqis a symbol of corruption and mismanagement rather than a source of national pride.  

In parallel with the arms crisis, the government expanded its anti-corruption campaign, which included senior officials in the Ministry of Oil, including Deputy Oil Minister Adnan al-Jumaili, after millions of dollars, billions of dinars, quantities of gold and weapons were seized, before the investigations expanded to include dozens of deputies and officials.  

The report considered that the Iraqi political scene is embodied in two contradictory images; the first being Prime Minister Ali al-Zubaidi’s participation in the funeral ceremonies of Iranian Supreme Leader Ali Khamenei in Najaf, and the second being his sitting a few days later next to US President Donald Trump in the White House, renewing his pledge to restrict weapons to the state, combat corruption, and attract American investments.  

The Guardian concluded that Iraq faces a highly complex equation: it is financially and economically dependent on the United States, while simultaneously confronting deeply entrenched Iranian influence within its political and security institutions, leaving it caught between two competing powers at one of the most sensitive junctures in its modern history.  

https://1news-iq.net/الهجمات-على-الحقول-والشركات-النفطية-ف/

Al-Zaidi Urges Iran To Seize Iraq Dialogue Opportunity

2026-07-23 / 11:36   Shafaq News- Tehran   Iraq has long served as a platform for dialogue and resolving regional disputes, Iraqi Prime Minister Ali Al-Zaidi said on Thursday, urging Iran to seize the current opportunity to advance "de-escalation dialogue."  

During a meeting in Tehran with Iran's Judiciary Chief Gholam-Hossein Mohseni Ejei, Al-Zaidi reaffirmed Iraq's commitment to building strong relations with Iran and expressed his government's readiness to deepen cooperation, especially in the economic sector, in a way that serves the interests of both countries, according to a statement from the Iraqi prime minister's media office.  

The two sides discussed ways to strengthen bilateral relations and expand cooperation across multiple sectors, particularly in the judicial field, emphasizing the judiciary's role in supporting stability.  Iraqi Prime Minister Media Office

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Prime Minister Ali Faleh Al-Zaidi Meets with the Head of Iran’s Judiciary in Tehran

Prime Minister Ali Faleh Al-Zaidi met in the Iranian capital, Tehran, with the Head of Iran’s Judiciary, Gholam-Hossein Mohseni Ejei.  

The meeting discussed ways to further strengthen relations between the two countries and enhance bilateral cooperation across various fields, particularly in the judicial sector. The two sides also emphasized the role of the judiciary in supporting and consolidating stability.  

During the meeting, Prime Minister Al-Zaidi reaffirmed Iraq’s commitment to building the strongest possible relations with the Islamic Republic of Iran and expressed the government’s readiness to expand joint cooperation across various sectors, particularly in the economic field, in a manner that serves the interests of both countries and promotes the prosperity of their peoples.  

The Prime Minister also stressed that Iraq has long served, and continues to serve, as a platform for dialogue and the resolution of disputes across the region, underscoring the importance of seizing the current opportunity to advance dialogue and de-escalation efforts.  

For his part, Mr. Ejei highlighted the religious, historical, and social bonds between Iraq and Iran. He commended the Iraqi government’s measures and efforts to combat corruption, noting that Iran has experience in combating corruption and stands ready to cooperate with Iraq in this field. He also expressed his appreciation to the Iraqi people for their noble gesture in participating in the funeral procession of Grand Ayatollah Ali Khamenei.

•••••

Media Office of the Prime MinisterJuly 23, 2026    Ejei highlighted the religious, historical, and social ties between Iraq and Iran, praising the Iraqi government's anti-corruption efforts.  

“Iran has an experience in combating corruption and stands ready to cooperate with Iraq in this field,” he offered, appreciating the Iraqi people for “their noble gesture in participating in the funeral procession of Grand Ayatollah, Ali Khamenei.” 

https://www.shafaq.com/en/Iraq/Al-Zaidi-urges-Iran-to-seize-Iraq-dialogue-opportunity

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-23-26

Good Evening Dinar Recaps,

U.S.-Iran Conflict Begins Reshaping Global Finance as Markets Brace for Wider Economic Impact

Escalating military tensions between the United States and Iran are no longer affecting only the battlefield. Rising energy risks, disrupted shipping, and growing financial uncertainty are increasingly influencing global markets, trade flows, and investor expectations as governments prepare for the possibility of a prolonged regional conflict. 

Overview 

• President Donald Trump indicated that he is weighing additional military options against Iran as tensions remain elevated.

• Reports of continued military activity and threats to key maritime routes are keeping oil markets and investors on edge.

• Financial markets are increasingly pricing in geopolitical risk as higher energy costs could influence inflation, trade, and central bank policy.

Key Developments

1. Conflict Expands Beyond Military Headlines 

While military operations continue to dominate the headlines, the broader economic consequences are becoming increasingly important. Reports of additional U.S. military activity, combined with Iran's continued warnings regarding strategic shipping lanes, have reinforced concerns that the conflict could evolve into a prolonged disruption affecting international commerce.

Although some reports remain unconfirmed by U.S. officials, markets are reacting to the possibility of further escalation rather than waiting for formal announcements.

2. Energy Markets Continue Pricing in Risk 

Oil traders remain focused on the security of the Persian Gulf and surrounding maritime routes. Even without a complete interruption of exports, uncertainty surrounding the Strait of Hormuz and nearby shipping corridors has increased transportation costs, insurance premiums, and volatility throughout global energy markets.

Analysts note that geopolitical risk premiums are once again becoming a significant component of crude oil pricing as traders prepare for potential supply disruptions.

3. Financial Markets Watch Inflation and Interest Rates 

Higher energy prices could complicate monetary policy for central banks. Rising fuel costs have the potential to slow progress on inflation, which could influence future interest-rate decisions by the Federal Reserve and other major central banks.

Investors are closely monitoring whether sustained energy inflation could delay expected monetary easing while increasing volatility across equities, bonds, and digital assets.

4. Global Trade Faces Additional Pressure

Businesses dependent on international shipping continue evaluating alternative supply routes as geopolitical uncertainty grows. Even limited disruptions in key maritime chokepoints can affect delivery schedules, freight costs, and commodity prices far beyond the Middle East.

The situation highlights how regional conflicts can rapidly influence global trade networks and financial markets.

Why It Matters

Financial markets increasingly respond to geopolitical events alongside traditional economic indicators. Rising energy costs, disrupted shipping, and uncertainty surrounding central bank policy can influence inflation, investment decisions, and international capital flows. Even if military operations remain geographically limited, their economic effects can extend worldwide.

Why It Matters to Foreign Currency Holders 

Currency markets often react quickly during periods of geopolitical uncertainty. Prolonged energy disruptions and inflationary pressures could influence interest-rate expectations, reserve management strategies, and capital flows between major currencies. Those following long-term international monetary developments will likely continue monitoring how these events affect global financial stability.

Implications for the Global Reset 

• Pillar 1: Debt

Higher energy costs can contribute to inflation, making it more difficult for governments and central banks to reduce interest rates while increasing borrowing costs across the global economy.

• Pillar 2: Trade

Continued uncertainty surrounding critical shipping routes reinforces the importance of resilient supply chains and may accelerate efforts to diversify trade corridors and reduce dependence on vulnerable maritime chokepoints.

Future Outlook

Markets will closely watch whether diplomatic efforts can reduce tensions or whether additional military actions lead to broader disruptions across energy markets and international trade. Investors are also monitoring how prolonged geopolitical uncertainty may influence inflation, monetary policy, and global economic growth during the second half of the year.

This is not simply about a regional military conflict—it reflects how geopolitical events increasingly influence energy security, global trade, inflation, and the evolving structure of the international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources 

• Axios — Trump Says He Is Considering Restarting Major Military Operations Against Iran
  ‍ ‍
  ‍ ‍Reuters — Middle East Conflict, Oil Markets and Global Energy Coverage

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Iraq Economic News and Points To Ponder Thursday Afternoon 7-23-26

Oil Climbs Above 1.5% On Gulf Shipping Risks

2026-07-23 01:30   Shafaq News   Oil prices rose more than 1.5% in Asian trade on Thursday to stand at their highest ‌in more than six weeks, as Yemen's Houthis targeted oil tankers in the Red Sea and the United States launched a new round of strikes on Iran.

Brent crude futures rose $2.2 or 2.3%, to $96.27 by 0327 GMT, the highest since June 8, having settled up more than $3 at $94.07 ​in the previous session, just shy of a six-week high.

U.S. West Texas Intermediate crude climbed $1.65, or 1.9%, to $88.48, ​after Wednesday's rise of 3%.

Iran's Revolutionary Guards said an oil tanker caught fire after an explosion ⁠while attempting to follow a route they described as mined, south of the Strait of Hormuz, while two others ​had turned back.

In a statement the Guards said the strait was under their control and "completely closed" while U.S. actions continued in the region, ​warning that no tanker would be allowed to enter or leave without coordination with Iran.

Besides the renewed conflict over control of the key waterway, the Iran-aligned Houthis have opened a new front by threatening to target vessels carrying Saudi oil in the Bab el-Mandeb strait and unveiling ​a naval blockade of Saudi Arabia.

Oil prices are facing a rare risk from simultaneous disruptions at both the Bab ​el-Mandeb and the Strait of Hormuz, said Priyanka Sachdeva, senior market analyst at Phillip Nova.

"Geopolitical premiums have returned, but a sustained (price) rally will ‌require ⁠evidence of prolonged shipping disruptions or meaningful supply outages."

The Houthis said they had carried out a military operation targeting two Saudi oil tankers, and maritime security reports said one of the vessels identified by the group, the Saudi-flagged tanker Encelia, had been hit in the Red Sea.

The Houthis said they had forced about 10 ships to retreat and return after warning vessels ​against sailing to Saudi ports.

Reuters ​could not immediately verify this ⁠account.

The Houthis' naval blockade of Saudi Arabia in the Red Sea threatens to disrupt global energy supplies beyond the Gulf, while Iran's Revolutionary Guards' spokesperson also warned shipping companies that ​the Strait of Hormuz southern route is mined in a post on X.

The new ​threat to Red ⁠Sea passage could interrupt up to 5 million barrels per day of oil supply, and the main route for Gulf oil that bypasses the Strait of Hormuz, said Saul Kavonic, the head of energy research at MST Marquee.

The U.S. military said it completed its 12th ⁠consecutive ​night of attacks on Iran hours after President Donald Trump vowed to ​destroy an Iranian bridge or power plant every time Iran shoots at a ship in the Strait of Hormuz, raising the stakes in the war ​with Iran. (REUTERS) https://www.shafaq.com/en/Economy/Oil-climbs-above-1-5-on-Gulf-shipping-risks7

Basrah Crudes Surge As Global Oil Rallies

2026-07-23 02:54    Shafaq News- Basrah  Iraq’s Basrah crude jumped more than 7% on Thursday, amid gains in global oil markets.

Basrah Heavy crude climbed to $61.86 per barrel, up $4.43, or 7.71%, while Basrah Medium crude rose to $64.16 per barrel, gaining $4.43, or 7.42%.

Brent crude advanced to $96.05 per barrel, up $1.98, or 2.10%, while US West Texas Intermediate crude gained $1.42, or 1.64%, to $88.25 per barrel. OPEC's basket also climbed to $88.50 per barrel, up $2.40, or 2.79%.

Saudi Arabia’s Arab Light crude rose 6.84% to $82.92 per barrel, while UAE Das crude climbed 8.81% to $88.07 per barrel. Qatar Land crude also advanced 8.84% to $87.77 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-surge-as-global-oil-rallies

Iraq’s Iran Imports Drop 55% In Q1 2026

2026-07-23 06:34   Shafaq News- Baghdad  Iraq’s imports from Iran fell nearly 55% in the first quarter of 2026 to $2.3 billion, down from $5.1 billion during the same period last year, according to the Islamic Republic of Iran Customs Administration’s (IRICA) data.

Petroleum gases and other gaseous hydrocarbons remained the largest import category at $351 million, followed by iron and non-alloy steel bars and wire ($159M), fresh apples, pears, and quinces ($78M), ceramic tiles ($77M), plastic household and kitchenware ($60M), and polyethylene polymers ($59M), alongside primary iron and steel products and other industrial and food commodities. https://www.shafaq.com/en/Economy/Iraq-s-Iran-imports-drop-55-in-Q1-2026

Dollar Climbs In Baghdad, Stabilizes In Erbil

2026-07-23 09:37    Shafaq News- Baghdad/ Erbil   The US dollar closed Thursday’s trading mixed in Iraq, hovering around 151,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 150,500 dinars per 100 dollars, up from the morning session’s 150,450 dinars.

In the Iraqi capital, exchange shops sold the dollar at 151,000 dinars and bought it at 150,000 dinars, while in Erbil, selling prices stood at 150,800 dinars and buying prices at 150,700 dinars.

https://www.shafaq.com/en/Economy/Dollar-climbs-in-Baghdad-stabilizes-in-Erbil

Oil Hits Two-Month High After Houthi Tanker Attacks

2026-07-23 09:42   Shafaq News   Oil prices hit their highest in nearly ​two months on Thursday, rising for a fifth day after Yemen's Houthis said they struck two ‌Saudi oil tankers, widening disruption to global oil shipping through both the Red Sea and the Strait of Hormuz.

Brent crude futures were up by $5.83, or 6.2%, at $99.90 a barrel by 1310 GMT after reaching $100 a barrel for the first time since late May.

U.S. West Texas ​Intermediate crude rose $4.41, or 5.08%, to $91.24, exceeding $90 a barrel for the first time since June 11.

"The immediate outlook ​for crude oil remains supportive as markets price a worrying probability of supply interruptions in ⁠a second chokepoint," said Pepperstone research strategist Ahmad Assiri.

Besides the renewed conflict over control of the Strait of Hormuz, ​Yemen's Houthis have opened a new front by targeting vessels carrying Saudi oil in the Bab el-Mandeb strait after stating ​they would impose a naval blockade on shipments from Saudi Arabia.

Houthi militia attacked two Saudi Arabian oil tankers in a military operation, the group said on Thursday, with a Saudi news agency later confirming one of the two vessels was ablaze after an assault while ​sailing in the Red Sea.

Goldman Sachs said Brent might exceed $120 a barrel in the fourth quarter and average $100 next ​year if the Strait of Hormuz remains disrupted through 2027, with further upside if the Bab el-Mandeb strait and Suez Canal also ‌suffer persistent ⁠disruption.

Iran's Revolutionary Guards said an oil tanker caught fire after an explosion while attempting to follow a mined route in the southern area of the Strait of Hormuz near the coast of Oman and that two others had turned back.

The Guards said the strait was under their control and "completely closed" while U.S. actions continued in the region, warning that ​no tanker would be allowed ​to enter or leave without ⁠coordination with Iran.

The U.S. military said it had completed a 12th consecutive night of attacks on Iran, hours after U.S. President Donald Trump vowed to destroy an Iranian bridge or ​power plant every time Iran shoots at a ship in the Strait of Hormuz.

Goldman expects ​oil prices ⁠to retain most of their recent gains through July and August as global inventories continue to decline, supported by lower Middle East production, seasonal summer travel demand and a sharp slowdown in releases of strategic petroleum reserves.

Meanwhile, European diesel margins hit a ⁠record $66.25 a ​barrel on July 17, supported by Russia's diesel export ban following repeated ​Ukrainian attacks on its refineries and concerns over further disruptions to Middle East supplies, and traded as high as $65.30 a barrel on Thursday.   (REUTERS)

https://www.shafaq.com/en/Economy/Oil-hits-two-month-high-after-Houthi-tanker-attacks

MilitiaMan & Crew-IRAQ DINAR UPDATE-“72 Hours That Matter: $200B Deals, Quiet Diplomacy & the REER Path”

MilitiaMan & Crew-IRAQ DINAR UPDATE-“72 Hours That Matter: $200B Deals, Quiet Diplomacy & the REER Path”

7-23-2026

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.

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

https://www.youtube.com/watch?v=m4_WQUdKGSs

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-23-26

Good Afternoon Dinar Recaps,

U.S.-Iran Tensions Escalate as Trump Weighs Military Action and Markets Brace for Wider Conflict

Escalating rhetoric from Washington, reports of new military activity in the Persian Gulf, and rising concerns over global energy supplies are increasing uncertainty across financial markets as investors monitor the risk of a broader Middle East conflict.

Overview

• President Donald Trump said he is seriously considering renewed military operations against Iran, signaling that a decision could come soon.

• Iranian media reported a missile strike near Suza on Qeshm Island, although official U.S. confirmation has not been issued.

• Oil prices and financial markets reacted to rising geopolitical risk, highlighting the growing connection between security developments and the global economy.

Key Developments

1. Trump Signals Possible Major Military Action

President Donald Trump told Axios that he is seriously considering a large-scale military operation against Iran, describing the potential action as larger than previous U.S. operations.

Trump stated that the United States is prepared to act independently if necessary, while adding that Israel would quickly join any coordinated military response if requested.

2. Reports of Strike Near Iran's Qeshm Island

Iran's semi-official Tasnim News Agency reported that a U.S. missile struck a coastal area near Suza on Qeshm Island, prompting local authorities to begin an investigation.

As of publication, U.S. officials have not publicly confirmed the reported strike, making the incident an important but still developing story.

3. Financial Markets React

The possibility of expanded military operations added new volatility to global markets.

Oil prices rose above $100 per barrel as traders priced in additional risks to Middle East energy supplies and shipping routes. Equity markets also weakened as investors shifted toward more defensive positions amid growing geopolitical uncertainty.

4. Diplomatic Outlook Becomes More Uncertain

The latest escalation follows months of intermittent military activity and fragile diplomatic efforts between Washington and Tehran.

While no formal announcement has been made regarding renewed negotiations, the increase in military rhetoric reduces confidence that near-term diplomatic progress can be achieved without additional international mediation.

Why It Matters

The Persian Gulf remains one of the world's most strategically important energy regions.

Any expansion of military operations involving Iran could affect shipping through the Strait of Hormuz, increase transportation costs, disrupt energy exports, and place additional upward pressure on global inflation.

Why It Matters to Foreign Currency Holders

Energy markets often influence inflation, interest-rate expectations, and currency valuations.

If geopolitical tensions continue pushing oil prices higher, central banks may face renewed pressure to maintain tighter monetary policies, increasing volatility across foreign exchange and global financial markets.

Implications for the Global Reset

• Pillar 1: Debt

Higher energy prices could complicate efforts by central banks to reduce interest rates, increasing borrowing costs for governments and adding pressure to already elevated global debt levels.

• Pillar 2: Trade

Growing security concerns around Middle East shipping routes could disrupt international trade flows, increase transportation costs, and accelerate efforts to diversify global supply chains.

• Pillar 5: Energy

Continued instability surrounding the Persian Gulf reinforces the strategic importance of energy security and alternative transportation routes for global oil and natural gas supplies.

Future Outlook

Markets will closely watch for official confirmation regarding the reported strike on Qeshm Island and any further announcements from Washington or Tehran.

Investors will also monitor whether diplomatic channels remain open or whether military escalation continues, as future developments could significantly influence energy prices, inflation expectations, and global financial market stability.

This is not simply about military tensions—it reflects the broader transformation of the global financial system as energy security, geopolitical risk, and international trade increasingly influence inflation, monetary policy, and economic stability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Axios — Trump Says He Is Seriously Considering Restarting Major Military Operations in Iran

• Crypto Briefing — US Missile Strikes Iran's Qeshm Island, Escalating Tensions

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