Iraq Economic News and Points To Ponder Tuesday Afternoon 7-28-26

Oil Drops Over $1 On US-Iran Peace Hopes

2026-07-28 Shafaq News  Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes ‌for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.

Brent crude futures were down $1.47, or 1.66%, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermediate crude was at $81.16 a barrel, down $1.45, or 1.76%, also the lowest level since July 20.

Both contracts ​slid around 8% in the prior session after the U.S. abruptly suspended a campaign of air strikes against Iran ​over the weekend.

U.S. President Donald Trump said on Monday the United States was having "good talks" with ⁠Iran and that there was a chance of a resolution.

However, he said U.S. strikes would resume if negotiations failed ​while Iran issued similar comments about retaliation.

"For now, the relief that an off-ramp has been found has taken the heat out of ​prices and eased concerns around Houthi attacks on Saudi infrastructure.

However, the situation remains highly fluid," IG analyst Tony Sycamore said in a client note.

Afrah al-Zouba, the foreign minister-designate of Yemen's internationally recognised Saudi-backed government, said Yemen-based Houthi fighters aimed to replicate Iran's control of shipping through the ​Strait of Hormuz at Bab el-Mandeb.

"Whether the Houthis have the military capacity to enforce a comprehensive blockade is questionable, especially given ​that the Saudis will attack them relentlessly.

Still, there is no doubt that traffic has dropped off significantly in the Red Sea and ‌the ⁠Strait of Hormuz," Marex analyst Edward Meir said.

"A key reason prices are not even higher than they are right now is the demand destruction that is taking place, especially in Asia," Meir said.

Also weighing down oil prices was news that the Caspian Pipeline Consortium's Black Sea terminal on the Russian coast has resumed oil loadings, after a one-week stoppage following Ukrainian drone attacks.

Still, ​analysts warned that the risks ​to supply disruptions spreading to ⁠the Red Sea remain elevated after Saudi Arabia said it shot down drones aimed at petroleum targets, including in Riyadh. It said they had been launched from Iraq by Iran-backed armed ​groups, and it reserved the right to respond.

Separately, Iran's Houthi allies in Yemen said ​they had targeted ⁠the East-West Pipeline carrying oil to Saudi Arabia's main Red Sea port of Yanbu in retaliation for Saudi drone incursions.

Barclays analysts said in a note on Monday "flows through the strait remain subdued".

They said, in the week ended July 24, crude oil and refined ⁠product net ​exports through the strait averaged 2.9 million barrels a day compared with ​5.9 million in the previous week.

Elsewhere, U.S. crude oil stockpiles likely fell last week alongside gasoline, while distillate stocks likely rose, a preliminary Reuters poll showed ​on Monday.   (REUTERS)

https://www.shafaq.com/en/Economy/Oil-drops-over-1-on-US-Iran-peace-hopes

Basrah Crudes Plunge Amid Global Oil Losses

2026-07-28 Shafaq News- Basrah  Iraq’s Basrah crude tumbled more than 17% on Tuesday, while major global benchmarks declined.

Basrah Heavy crude dropped by $11.63, or 17.67%, to $54.19 per barrel, while Basrah Medium crude fell by $11.63, or 17.07%, to settle at $56.49 per barrel.

Brent crude futures declined by $1.47, or 1.66%, to $86.89 per barrel, while US West Texas Intermediate crude lost $1.45, or 1.76%, to $81.16 per barrel, with both benchmarks hitting their lowest levels since July 20.

https://www.shafaq.com/en/Economy/Basrah-crudes-plunge-amid-global-oil-losses

Gold Slips Ahead Of Fed Rate Decision

2026-07-28 02:41 Shafaq News  Gold prices fell on Tuesday, pressured by a stronger dollar, while markets ‌looked to the Federal Reserve's upcoming policy decision for clues on the interest rate outlook.

Spot gold fell 0.7% to $4,045.89 per ounce by 0448 GMT after rising as much as 1% ​on Monday. U.S. gold futures for August delivery lost 0.8% to $4,046.20.

The ​dollar held near a one-month high, making greenback-priced bullion more expensive ⁠for holders of other currencies.

"We're oscillating in this narrow range between $3,950 and $4,200, and ​I think the market is just waiting for Fed signals," said Ilya Spivak, ​head of global macro at finance content network Tastylive.

The U.S. Federal Reserve will conclude its two-day policy meeting on Wednesday. Expectations that the Fed will hold interest rates steady stand at ​62%, while 38% of market participants expect at least a 25-basis-point rate hike, ​according to CME FedWatch, that is up from 16% a week earlier.

Markets are pricing in an ‌81% ⁠chance for a hike at the central bank's September meeting.

President Donald Trump on Monday called on the Fed to lower interest rates, saying the U.S. should have the lowest interest rate in the world.

Trump also said on Monday that the United ​States was having "good talks" ​with Iran and ⁠there was a chance of a deal to resolve their conflict, but warned that strikes would resume if negotiations failed ​to deliver.

Tehran appeared to quickly test the pause in the ​U.S. military ⁠campaign, with Saudi Arabia, Jordan and Iraq reporting drone attacks on Monday.

Spivak added that if the Fed meeting generates language that's not setting the groundwork for a ⁠rate hike ​in September, gold is likely to rally ​above $4,200 per ounce.

Spot silver fell 2% to $57.23 per ounce, platinum lost 0.9% to $1,605.93 and palladium slid 1.6% ​to $1,270.97.    (REUTERS)

https://www.shafaq.com/en/Economy/Gold-slips-ahead-of-Fed-rate-decision

Diesel Shortage Worsens In Baghdad As Queues Lengthen

2026-07-28 Shafaq News- Baghdad (Updated)  A Diesel shortage in Baghdad worsened on Tuesday as lines of vehicles outside fuel stations grew longer, part of a supply crisis affecting most of Iraq in recent days.

The shortage, which extends to Baghdad and several provinces, stems from higher domestic demand as private neighborhood generators consume more fuel during the summer, alongside reduced output at several oil refineries, energy specialist Asem Jihad told Shafaq News, adding that the government supplies Diesel free of charge to private generators under a program to support power provision for citizens, while also meeting the needs of other sectors that depend on the fuel.

“That has raised demand markedly at a time when domestic refineries cannot meet the full requirement, owing to limited production capacity and maintenance at some refining units.”

Read more: Fuel shortages paralyze Erbil gasoline stations

To cover the shortfall, the Ministry of Oil has turned to importing Diesel to sustain supply to private generators and local markets, Jihad said, considering this step a temporary measure until domestic refinery output increases and projects to develop the refining sector are completed.

Poor-quality Fuel Strains Iraq Generators

Owners of private electricity generators said the fuel used to run their machines has deteriorated in quality and become harder to obtain, causing repeated technical faults.

One owner, who runs three private generators, told Shafaq News that some of his machines had begun to run erratically because of the fuel, with sensors malfunctioning during operation and dragging down performance. "If the situation continues like this, we will be forced to stop the generators, because there is not enough fuel to run them."

Read more: Iraq’s energy emergency: Kerosene shortages disrupt power and daily life

https://www.shafaq.com/en/Economy/Kerosene-shortage-worsens-in-Baghdad-as-queues-lengthen

USD/IQD Exchange Rates Drop In Baghdad, Erbil

2026-07-28 04:13    Shafaq News- Baghdad/ Erbil  The US dollar weakened against the Iraqi dinar on Tuesday morning, hovering around 150,000 dinars per $100 in Baghdad and Erbil, according to a Shafaq News market survey.

In Baghdad, the dollar traded at 149,900 IQD per $100 at the Al-Kifah and Al-Harithiya central exchanges, down from 150,050 IQD on Monday.

Exchange shops in the capital offered the dollar at 150,500 IQD per $100, with a buying price of 149,500 IQD.

In Erbil, the capital of the Kurdistan Region, the dollar was selling at 150,150 IQD per $100 and buying at 150,050 IQD per $100. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-drop-in-Baghdad-Erbil-8-0

Tuesday Iraq News Posted by Tishwash at TNT 7-28-2026

TNT:

Tishwash:  The Foreign Minister and the US Chargé d'Affaires discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.

Foreign Minister Fuad Hussein met with the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad on Monday to discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.

A statement from the Ministry of Foreign Affairs, reported by Al-Mirbad, indicated that "Foreign Minister Fuad Hussein received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad."

The statement added that "the meeting reviewed the results of the Iraqi delegation's visit, headed by the Prime Minister, to Washington, D.C., and assessed its outcomes, particularly the memoranda of understanding signed between the two sides, and ways to follow up on their implementation to enhance bilateral cooperation in various fields."

The statement continued, "The meeting also addressed the results of the Prime Minister's visit and the accompanying delegation to the Islamic Republic of Iran."

The statement concluded by noting that "the two sides discussed the course of Iraqi relations with both the Republic of Turkey and the Kingdom of Saudi Arabia, and the ongoing preparations for upcoming official visits, which will contribute to strengthening regional cooperation and developing bilateral partnerships."

The statement affirmed that "the two sides exchanged views on developments in the region, particularly those related to maritime security in the Strait of Hormuz, emphasizing the importance of avoiding escalation and maintaining regional security and stability."

The statement concluded by noting that "the meeting addressed the economic repercussions of regional developments and their potential impact on oil markets and the financial situation in Iraq."link

Tishwash:  The US Treasury removes 84 names and entities, including some linked to Iraq, from sanctions list.

Announced Department of the Treasury The United States removed 84 individuals and entities, including some linked to Iraq, from its sanctions lists, which contain more than 17,000 names, as part of efforts to streamline sanctions programs and make things easier for banks.

And it was Minister of the Treasury Scott Bisent began a comprehensive review of the Department’s sanctions programs and lists last May, with the aim of removing outdated inputs and easing compliance burdens on financial institutions, and later announced the removal of 76 targets in the first phase of the review.

 An official said Department of the Treasury The goal is "to ensure that the Department's sanctions remain effective, precise, and focused, and to eliminate unnecessary excesses left over from previous administrations," he said, noting that the number of names on the sanctions lists in 2024 exceeded 3,000, compared to only 880 in 2017. He added, "Sanctions are not meant to be an indefinite tool."

Bisent repeatedly emphasized the readiness President Donald Trump's administration To impose sanctions on the two largest oil companies in Russia Rosneft and Lukoil, a move they avoided Presidential Administration the previous Joe Biden Fearing a further rise in oil prices, the second batch of delistings from the "Specially Designated Nationals and Blocked Persons List" includes 36 deceased individuals and their associated listings, 33 Iraq-linked entities that were first listed in 1991 or 1992, and seven obsolete targets related to smuggling. drugs in Colombia The Treasury Department also added eight names of drug kingpins whose activities have been neutralized.

The Treasury’s Office of Foreign Assets Control (OFAC) updated the data of 22 individuals and entities to add or clarify key identifying information.

The Treasury Department stated that each removal from the list is subject to a review by other agencies to ensure it does not harm U.S. foreign policy or interests. National security She noted that names could be reinstated if necessary.  link

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Tishwash:  Following security guarantees, Dana Gas restarts the Kormor gas field.

Dana Gas announced on Monday the gradual resumption of operations at the Kormor gas field in the Kurdistan Region, following an assessment of the security situation and receipt of official guarantees from the regional and federal governments.

The company said in a statement received by Al-Sa’a Network that “it was decided, after assessing the security situation and receiving official and clear guarantees from the highest levels in the Kurdistan Regional Government and the Iraqi Federal Government, to raise the level of production in the Kormor gas field cautiously and gradually.”

In mid-July, the UAE-based Dana Gas announced the temporary suspension of its operations at the main production facilities in the Kormor gas field in Sulaymaniyah Governorate, after receiving security threats, before deciding to gradually resume operations after obtaining security guarantees from the relevant authorities.  link

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Tishwash:  "Al-Maalomah" reveals the name of the candidate for the position of Minister of Defense in Al-Zaidi's government

Ahmed Abdul Sattar, a member of the United Anbar Alliance, revealed on Sunday the name of the Sunni forces' nominee for the Ministry of Defense in Prime Minister Ali al-Zaidi's government.

Abdul Sattar told Al-Maalomah News Agency that "the Sunni National Council held a meeting with Sunni leaders to reach a unified position on selecting a consensus candidate for the Ministry of Defense," explaining that "the consensus settled on nominating former Minister of Industry Khalid Battal al-Jughaifi for the ministerial post."

He added that "the vote on al-Jughaifi is scheduled to take place during the upcoming parliamentary session on the 15th of next month," noting that "Mohammed al-Halbousi, head of the Progress Alliance, received a delegation from the Badr parliamentary bloc and informed them of the selection of al-Jughaifi as the nominee for the Ministry of Defense."

He clarified that "the Sunni forces intend to inform the Coordination Framework forces and the Kurdish parties of the nominee in the coming period, with the name to be officially announced during the session to vote on the vacant ministerial portfolios in al-Zaidi's government."
He noted that "the forces within the Coordination Framework had demanded that their Sunni counterparts nominate their candidate for the position of Minister of Defense."  link

Tishwash:  Why is the "Asycuda" system controversial in Iraq? An advisor reveals the reasons.

Nabil Al-Khafaji, advisor to the head of the Baghdad Chamber of Commerce, revealed the reasons for the controversy surrounding the "ASYCUDA" system adopted in customs procedures, considering that the main problem lies in the difficulty of modifying data after it has been entered, despite the possibility of developing a more efficient local system.

Al-Khafaji said during a televised interview followed by Al-Sa’a Network that Iraq possesses the competencies and technical capabilities that qualify it to establish a better customs system, indicating that the ASYCUDA system is old and it is difficult to make modifications to it after the data has been recorded.

He added that "many developed countries do not adopt this system," noting that "Iraq was able to develop a local system that links all financial benefits and procedures more efficiently."

He explained that "the problem does not lie in entering the data, but in the mechanism for modifying it after it has been recorded," noting that "any error in the shipment information or the goods code (HS Code) becomes complicated to correct within the system."

Al-Khafaji explained that “errors are often caused by the data submitted by the source or exporting company, but the ASYCUDA mechanism makes dealing with these errors more difficult, which is reflected in the speed of completing customs transactions.”  link

Seeds of Wisdom RV and Economics Updates Tuesday Morning 7-28-26

Good Morning Dinar Recaps,

Federal Reserve Faces Critical Rate Decision as Markets Brace for Possible Surprise Hike

Global investors are entering one of the most closely watched Federal Reserve meetings in recent years as uncertainty grows over whether policymakers will hold interest rates steady or deliver an unexpected rate increase. While most economists still expect no immediate change, rising inflation risks and mixed market signals have fueled speculation that the Fed could take a more hawkish stance than many investors anticipate.

Overview

• Markets are increasingly divided over this week's Federal Open Market Committee (FOMC) meeting, with some analysts warning that a surprise rate hike remains possible.

• Citadel Securities has suggested Federal Reserve Chair Kevin Warsh could strengthen the Fed's anti-inflation credibility with a 0.25% rate increase, despite expectations that rates will remain unchanged.

• The outcome could influence borrowing costs, the U.S. dollar, Treasury yields, global capital flows, and financial markets worldwide.

Key Developments

1. Markets Prepare for One of the Most Uncertain Fed Meetings in Years

Investors are closely watching this week's Federal Reserve meeting as policymakers weigh whether inflation has cooled enough to justify keeping rates unchanged or whether additional tightening may still be necessary.

Although the consensus expectation remains for the Fed to leave rates unchanged, financial markets continue pricing a meaningful possibility that policymakers could deliver a surprise increase or signal that future rate hikes remain firmly on the table.

The uncertainty itself has become a major market driver, increasing volatility across bonds, equities, currencies, and digital assets.

2. Surprise Rate Hike Would Reinforce Inflation Fight

Citadel Securities argues that Chair Kevin Warsh could strengthen the Federal Reserve's inflation-fighting credibility by approving a 0.25% rate increase, demonstrating the central bank's commitment to restoring price stability.

Supporters of this view believe acting sooner rather than later could prevent inflation expectations from becoming embedded in the economy, particularly after recent geopolitical events temporarily pushed energy prices higher.

Other economists continue expecting rates to remain unchanged this week but acknowledge that another increase later this year remains possible if inflation proves more persistent than expected.

3. Several Economic Indicators Continue Pressuring the Fed

Federal Reserve officials continue monitoring several key indicators before making their decision.

Inflation remains above the Fed's long-term 2% target, while the labor market has remained relatively resilient despite higher borrowing costs. Earlier increases in energy prices resulting from Middle East tensions also contributed to renewed inflation concerns.

Additional factors—including tariffs, continued business investment in artificial intelligence infrastructure, and resilient consumer spending—have led some analysts to conclude that inflation risks remain elevated.

4. Global Financial Markets Await the Fed's Signal

The Federal Reserve's decision extends far beyond the United States.

Interest-rate policy influences Treasury yields, mortgage rates, automobile financing, business lending, credit-card borrowing, foreign exchange markets, precious metals, cryptocurrencies, and global investment flows.

Even if rates remain unchanged, investors will carefully analyze the Fed's statement and Chair Warsh's comments for clues regarding future policy decisions during the remainder of the year.

Why It Matters

The Federal Reserve effectively determines the global cost of money. Changes in U.S. interest-rate policy influence borrowing costs, investment decisions, inflation expectations, currency values, and capital flows throughout the world economy.

Because many international financial markets remain closely tied to the U.S. dollar, even modest policy changes can ripple through governments, corporations, financial institutions, and households worldwide.

Why It Matters to Foreign Currency Holders

Interest-rate decisions often influence the strength of the U.S. dollar relative to other currencies.

Higher rates can attract global capital into dollar-denominated assets, while lower rates may encourage investors to seek opportunities elsewhere. These shifts can affect currency valuations, precious metals, digital assets, and broader expectations surrounding future monetary policy.

Implications for the Global Reset

• Pillar 1: Debt

Interest-rate decisions directly affect government borrowing costs, corporate financing, consumer debt, and the sustainability of historically high global debt levels.

• Pillar 3: Assets

Federal Reserve policy influences investor demand for stocks, bonds, gold, cryptocurrencies, and other financial assets as markets continually adjust to changing expectations for inflation and economic growth.

Future Outlook

Markets will now focus on the Federal Reserve's policy announcement, Chair Warsh's press conference, and any revisions to the central bank's economic outlook. Investors will also continue monitoring inflation data, employment reports, and energy prices for clues about whether additional policy tightening may still lie ahead.

This is not simply about whether interest rates move by one-quarter of one percent—it reflects how the world's most influential central bank shapes global liquidity, borrowing costs, capital flows, and confidence across the international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Business Insider — Why a Surprise Rate Hike Could Be Coming at Next Week's Fed Meeting

• Yahoo Finance – Citadel Securities Sees Warsh Delivering Surprise Fed Rate Hike

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🌱 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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Thank you Dinar Recaps

Why They Won't Even Fix the Easy Stuff

Why They Won't Even Fix the Easy Stuff

Notes From the Fied By (Simon Black / Sovereign Man)  July 27, 2026

The Department of Transportation's headquarters campus in Washington spans two complexes covering 1.8 million square feet across 11-acre of prime DC real estate. In the private sector, such a trophy office property would fetch north of $1 billion per year in rental income.

Yet for the federal government, two-thirds of the space sits empty according to the Government Accountability Office (GAO), the federal government's own internal watchdog. This is based on real data; the GAO toured the department's buildings last fall and counted the empty desks.

And this is far from an isolated case. Of the 189 government buildings around the country that were analyzed by the GAO, 168 were underutilized— with occupancy averaging just 37%. 

One of the worst offenders is One Aviation Plaza in Queens, which sits at 13% occupancy. 

Ironically, Congress actually set a MINIMUM standard for all government buildings to be at least 60% occupied. This is the law of the land in the United States, set by the 2023 USE IT Act. 

So, Congress was surprisingly trying to make things more efficient and save taxpayer money— potentially billions each year. They passed a law. But the government doesn't follow it.  

The big consequence for the government violating its own law so far has been this GAO report. Nobody was fined, nobody was fired, and nothing was sold. Basically we got a PDF. 

And all of that is just one category of waste at just one department. The bigger losses are to outright fraud.

In June, the Justice Department announced a record-setting healthcare fraud takedown: 455 defendants, the most ever charged in a single healthcare fraud operation, including 90 doctors and licensed medical professionals, all accused in schemes involving $6.5 billion in fraudulent claims. 

Yet federal agents only managed to seize $182 million in cash and assets. No word on what happened to the other $6.3 billion. 

By the government's own accounting, federal agencies made close to $200 billion in improper payments in fiscal year 2025 alone... $24 billion more than the year before.

That's money which should never have gone out the door, went out in the wrong amount, or can't be documented.  And that was only across 64 programs at 15 agencies... a small fraction of the government's total footprint.

This keeps happening for a simple reason: the federal government's ~$7 trillion annual budget is too vast for anyone to keep track of... and no one is ever held accountable.

Bureaucrats who waste the money never get fired; in fact it is damn near impossible to fire a federal employee. And voters continue electing the same incompetent, crooked politicians to public office. 

Even when there's public outcry over obvious fraud, the legacy media closes ranks around their party and insists that voters are racist for criticizing "Learning Centers".

None of this is free. The empty buildings, the stolen billions, the money nobody can track: it all gets paid for with borrowed money. And that deficit spending is what fuels inflation.

June's Consumer Price Index came in at 3.5%. By the Fed's own admission, inflation has now missed its 2% target for five years running.

And after all that failure, few in Washington will name the cause.

A lot of people blame oil, especially after the war with Iran sent crude above $126 a barrel. But oil has been all over the board for the last five years; it was under $60 a barrel just last fall. So why wasn't inflation falling when oil was cheap?

Because, through all of it, there has been exactly one constant: insane levels of government spending. Deficits keep rising, and the more money the government wastes, the more stubborn inflation becomes.

The central bank can't fix that; the Fed doesn't pass spending bills, Congress does. And as long as the spending stays out of control, inflation is not coming down.

And Washington has shown no appetite to bring it under control. They refuse to cut even the easiest, most obvious waste and fraud.

Nothing about this changes on its own. A government that can't bring itself to sell an empty building is not going to take on the spending that actually matters, and inflation is how they'll pay for the difference.

Which is exactly why it makes so much sense to own the real assets that hold their value when the dollar doesn't: gold, silver, and well-managed, productive businesses.

It's definitely time to be thinking about a Plan B.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

P.S. Our flagship service, Plan B Confidential, is built for exactly this: real asset strategies to protect your savings from Washington's spending, and residency options in countries where your money buys far more. It's backed by boots-on-the-ground research from all over the world—

https://www.schiffsovereign.com/trends/why-they-wont-even-fix-the-easy-stuff-155532/?inf_contact_key=e946b8104558f800503a83594beb16e0f378a691fa2de2618ccb1c27deca348f

Iraq Economic News and Points To Ponder Monday Evening 7-27-26

Masrour Barzani renews his support for the Zaidi government in combating corruption, and demands that Baghdad assume its responsibility in protecting the Kurdistan Region from the threat of drones - 7/27/2026

Latest News Monday,  July 27, 2026  Erbil - One News - The Prime Minister of the Kurdistan Region, Masrour Barzani, announced his government’s support for the steps taken by Prime Minister Ali Zaidi’s government in combating corruption, stressing the region’s readiness to provide assistance and cooperation with the federal government to address outstanding problems in a final and radical manner.  

Barzani said that the Kurdistan Region supports the federal government and seeks to strengthen cooperation with it, stressing that the region calls for resolving the crises that the region is going through peaceful means, away from escalation and wars.

On the security front, Barzani held the federal government responsible for averting the threat of drones targeting the region, stressing that Kurdistan is not a party to the war, and that his government has demanded respect for the region’s sovereignty and the prevention of the use of Iraqi territory or airspace to target it.  

He added that the continued drone attacks require Baghdad to take practical measures to protect the security of the region and its citizens, reiterating the call to adopt dialogue and peaceful solutions to address the region's crises.

On the economic front, Barzani pointed out that the fuel quota allocated to the region by the federal government is not sufficient to cover local consumption, noting that the regional government has requested an increase in the quantities sent.

The regional government chief attributed the rise in fuel prices to the crises and tensions in the region, and the resulting pressure on supplies and markets.  

Barzani affirmed that the regional government is committed to supporting and cooperating with the al-Zaidi government, both in combating corruption and in addressing financial and security disputes, in order to contribute to maintaining stability and reaching lasting solutions to the outstanding issues between Baghdad and Erbil.  

https://1news-iq.net/مسرور-بارزاني-يجدد-دعمه-لحكومة-الزيدي/

PM Barzani: Erbil-Bound Drones Sent From Nineveh

2026-07-27 / 04:30   Shafaq News- Erbil   Kurdistan Region Prime Minister Masrour Barzani on Monday said some drones targeting Erbil were launched from Nineveh province, urging the federal government to stop armed IRI groups from using Iraqi territory to “threaten” the Region.  

Speaking at a press conference, Barzani stated that the Kurdistan Regional Government (KRG) had sought an air-defense system through Baghdad and several foreign governments but was not permitted to acquire one, although defensive systems alone “will not end the threat.”  

On July 24, Global Coalition air defenses shot down five explosive drones over Erbil, according to the Kurdistan Region’s Counter-Terrorism Directorate, which reported that the aircraft approached from west of the province and caused no casualties, although falling debris ignited dry vegetation.

Around 20 drone and missile attacks have targeted the Kurdistan Region since July 17, including US-linked sites around Erbil and Iranian-Kurdish opposition bases in Erbil and Al-Sulaymaniyah. The strikes killed at least nine people and wounded six, all members of Iranian-Kurdish opposition groups.  

Iran’s army has taken responsibility for attacks on US infrastructure and Iranian-Kurdish opposition groups, but no Iraqi IRI armed faction has claimed the strikes. (so they can't be blamed and give the GOI leverage to remove their arms) Kataib Sayyid Al-Shuhada denied (they lie outright) on July 17 that any operation had been launched from Iraqi territory, while Saraya Awliya Al-Dam rejected reports linking it to the attacks on July 25 as false and unsupported by evidence.  

Read more: Two weeks of attacks on Iraqi Kurdistan, Iran claims US damage

https://www.shafaq.com/en/Kurdistan/PM-Barzani-Erbil-bound-drones-sent-from-Nineveh

Salaries Await Liquidity... Funding Crisis Delays Employee Payments

  Baghdad Today - Baghdad    An informed source revealed today, Monday (July 27, 2026), that the salaries of most state employees for this month have been delayed, despite the month having ended, attributing this to a lack of financial liquidity and a decline in public revenues.

The source told Baghdad Today that the delay in paying salaries is due to the repercussions of the war between the United States and Iran, and the accompanying closure of the Strait of Hormuz, which affected oil exports and contributed to a decline in financial revenues, making it difficult to provide the necessary liquidity to release employee salaries.

He added that the Ministry of Finance had announced on the 22nd of this month the release of funding for the salaries of state employees, but a large number of institutions have not yet been able to disburse the dues of their employees, due to the continued financial liquidity crisis. https://baghdadtoday.news/303975-.html

MP Miqdad Al-Khafaji Demands The Ministry Of Finance Explain The Reasons For The Delay In Salary Payments.

 House of Representatives, Office of the Minister

Dr. Miqdad Al-Khafaji, Surgeon  House of Representatives   Najomeh Ne Nushtiran

Republic of Iraq Council of Representatives ۸۰۹ Number: Date: 26/7/2026

Greetings... To: Ministry of Finance / Minister's Office

Subject: Clarification and Follow-up on the Reasons for the Delay in Salary Disbursement

Based on the provisions of Article (61/Second) of the Constitution of the Republic of Iraq of 2005 and the provisions of Articles (15) and (27) of the Law of the House of Representatives and its Formations No. (13) of 2018, and based on the numerous appeals and complaints received by our office from employees, retirees, and social welfare beneficiaries,

We kindly request your review and explanation of the reasons for the monthly delay in releasing and distributing the salaries of employees, retirees, and beneficiaries, which has negatively and directly impacted the daily lives of citizens and their ability to meet their basic financial obligations

We also request the swift establishment of a specific and urgent regulatory mechanism, obligating all ministries, non-ministerial entities, and governorates to adhere to the specified annual and monthly deadlines for submitting payroll lists and receiving notifications, with a fixed and specific date designated each month for disbursing entitlements without any delay. as required by law.

We kindly request your response, along with detailed reasons for the delay, within the legally specified period, so that we may inform the public and take With utmost respect and appreciation

Deputy Dr. Al-Kharaj Miqdad Al-Khafaji   Please be advised... With appreciation. Speaker of the House of Representatives and his deputies - O Administration - For filing

https://almaalomah-me.translate.goog/news/139545/politics/النائب-مقداد-الخفاجي-يطالب-وزارة-المالية-بإيضاح-أسباب-تأخر-ص?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Due To A Lack Of Liquidity, The Ministry Of Finance Postpones Salary Payments, And Parliament Moves To Summon The Minister.

Today 12:35 Information / Baghdad...  An informed source reported on Monday that the Ministry of Finance and the Accounting Department have decided to postpone the disbursement of salaries for employees of ministries and government departments for three days due to a temporary shortage of cash liquidity.

The source told Al-Maalomah that "this measure prompted the Parliamentary Finance Committee to take urgent action, as it intends to summon the Minister of Finance and the Directors General of the Accounting and Budget Departments in the coming hours."

The source added that "the summons will be held within the committee or in the Parliament building to provide an urgent briefing to the public and the legislative authority regarding the current cash liquidity situation and the reasons that led to this emergency halt in the salary funding process." End/25

https://almaalomah-me.translate.goog/news/139501/economy/بسبب-نقص-السيولة-المالية-تؤجل-صرف-الرواتب-والبرلمان-يتحرك-لا?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Salary Phobia: Citizens Are Apprehensive, But The Government Reassures: It Has Been Thoroughly Reviewed Before Distribution.

Information / Special..  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Monday, the reasons for the delay in disbursing employee salaries during the current month and previous months, while reassuring citizens that the disbursement of salaries cannot be delayed for more than a month.

Saleh told Al-Maalomah that “the delay in salaries is due to regulatory financial procedures related to auditing and preparing the salaries of each ministry and institution government within what is known as the (trial balance), which includes each ministry’s share of salaries and disbursement units.”

He added that "there are about 1,000 disbursement units in Iraq, all of which are included in the trial balance, and then submitted to the General Accounts Department for detailed auditing in accordance with the highest standards of financial governance."

Saleh explained that "the trial balance includes the number of employees, their salary costs, promotions, bonuses, and all details related to the monthly salary," noting that "the audit process may be repeated once or twice to verify the funds before they are disbursed monthly after the procedures are completed."

He pointed out that "the state provides financial allocations to employees of companies that have been shut down since 2003, as a result of the declining economic and investment policies in the country, which have not provided solutions for these companies to return to production and benefit from them locally or through export."

Saleh pointed out that “the total amount allocated to the salaries of state employees in its various formations, in addition to the salaries of retirees, beneficiaries of the social protection network, wages, and grants, amounts to about 8 trillion Iraqi dinars.”

The Prime Minister's financial advisor emphasized that "salaries must remain a red line for the government, as they represent a source of livelihood for approximately 40 million Iraqi citizens," explaining that "the state's fiscal policy is concerned with addressing any liquidity shortfalls and securing the necessary funds through various means, whether through domestic or external borrowing." (End of page 25)

https://almaalomah-me.translate.goog/news/139532/economy/فوبيا-الرواتب-المواطن-متخوف-والحكومة-تطمئن-وضعت-في-ميزان-الم?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

From Oil Dominance To A Diversified Economy: Al-Zidi's Government Aims To Raise Non-Oil Revenues To 46% And Expand Private Sector Contribution Over The Next Decade

latest newsMonday,July 27, 2026Baghdad - One News - The Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed a long-term governmental plan to restructure public finances and the Iraqi economy over the next ten years, by diversifying revenue sources and reducing dependence on oil, in parallel with expanding the role of the private sector and increasing its contribution to the gross domestic product.  

Saleh said that the government’s fiscal policy aims, during the next decade, to achieve economic stability and sustainable development, through restructuring public expenditures and revenues, and adopting the federal budget as a tool to reorganize the real economy and revitalize the productive sectors.  

He explained that the financial track includes two main objectives; the first is to raise the share of non-oil revenues to about 46% of total public revenues, compared to a percentage that does not exceed 10% or less currently, in order to limit the impact of oil price fluctuations and the volatility of its revenues on public finances.  

The second objective is to raise the private sector’s contribution to GDP from about 37% currently to 54% over the next ten years, by expanding the investment and production environment and promoting economic activity outside the government sector.  

Saleh pointed out that revitalizing the productive sectors would provide sustainable job opportunities and reduce the unemployment rate to about 3% of the total workforce, instead of its current level of about 13%.  

According to the government's proposal, these goals reflect an effort to reshape the structure of the Iraqi economy and gradually move from a model heavily reliant on oil revenues and public spending to a more diversified economy driven by broader productive and investment sectors. https://1news-iq.net/من-هيمنة-النفط-إلى-اقتصاد-متنوع-حكومة/

Seeds of Wisdom RV and Economics Updates Monday Evening 7-27-26

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Global Regulators Accelerate Digital Money Framework as Stablecoins Reshape Financial System

Governments and financial regulators are moving rapidly to establish common rules for digital money as stablecoins become an increasingly important part of the global financial system. New U.S. legislation, combined with guidance from international institutions, signals that digital assets are transitioning from an emerging technology into regulated financial infrastructure.

Overview

• The United States has established its first federal framework for payment stablecoins through the GENIUS Act, while lawmakers continue advancing the CLARITY Act to define broader digital asset regulation.

• The Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are encouraging countries to modernize payment systems while maintaining public confidence, financial stability, and effective oversight.

• Together, these developments represent another major step toward a more digital, interconnected global financial system.

Key Developments

1. GENIUS Act Creates America's First Stablecoin Framework

The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act establishes the first comprehensive federal framework governing payment stablecoins in the United States.

The legislation requires qualifying stablecoins to maintain one-to-one backing with high-quality liquid assets, such as U.S. dollars and short-term U.S. Treasury securities. Issuers must also provide regular reserve disclosures and comply with anti-money laundering and financial reporting requirements.

Supporters believe the law provides long-awaited regulatory certainty that could encourage broader adoption of compliant digital payment systems by banks, businesses, and financial institutions.

2. CLARITY Act Would Define the Digital Asset Marketplace

While the GENIUS Act focuses specifically on payment stablecoins, the CLARITY Act seeks to establish a comprehensive regulatory framework for digital assets.

The proposed legislation would define whether digital assets fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), reducing years of regulatory uncertainty.

Lawmakers continue negotiating ethics provisions and other amendments as bipartisan discussions move forward in the Senate. Although additional legislative steps remain, the bill represents one of the most significant efforts to modernize U.S. digital asset regulation.

3. BIS Calls for Trust as the Foundation of Digital Money

The Bank for International Settlements (BIS) has emphasized that the future of digital money depends not only on technological innovation but also on maintaining public trust, legal certainty, and financial stability.

Rather than replacing existing monetary systems, the BIS envisions digital payment innovations operating within a unified financial framework where commercial banks, central banks, and regulated private institutions remain interconnected.

The BIS has also highlighted the importance of interoperability, secure settlement systems, and internationally coordinated standards as digital finance expands across borders.

4. IMF Sees Stablecoins Transforming Cross-Border Payments

The International Monetary Fund (IMF) has continued studying how stablecoins could improve cross-border payments by reducing settlement times and lowering transaction costs.

At the same time, IMF researchers caution that rapid growth without appropriate regulation could create new risks involving monetary policy transmission, capital flows, consumer protection, and financial stability.

The IMF encourages countries to develop balanced regulatory frameworks that support innovation while preserving confidence in national monetary systems.

Why It Matters

Digital money is steadily moving from experimentation into mainstream finance. Governments are increasingly choosing regulation over prohibition, recognizing that digital payment technologies are likely to become permanent components of the international financial system.

As national frameworks become more consistent, financial institutions may gain greater confidence to expand tokenized payments, programmable finance, and regulated digital asset services.

Why It Matters to Foreign Currency Holders

For those following international monetary developments, these reforms represent foundational infrastructure rather than immediate currency revaluations.

Clearer regulatory standards, stronger payment networks, and improved cross-border settlement systems could gradually reshape how currencies move through the global economy while supporting broader financial modernization over time.

Implications for the Global Reset

• Pillar 2: Trade

More efficient cross-border payment systems could reduce transaction costs, improve settlement speed, and strengthen international commerce.

• Pillar 4: Technology

Digital ledgers, tokenization, regulated stablecoins, and programmable settlement are becoming increasingly important components of the next generation of global financial infrastructure.

Future Outlook

Attention now turns to continued Senate consideration of the CLARITY Act, implementation of the GENIUS Act, and ongoing international coordination among regulators, central banks, and financial institutions. As regulatory clarity expands, adoption of compliant digital payment systems is expected to accelerate across both domestic and international markets.

This is not simply about cryptocurrency—it reflects the broader modernization of the global financial system as governments, regulators, and financial institutions work to build the trusted digital infrastructure that may support the next generation of international commerce and payments.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bank for International Settlements — BIS Annual Economic Report 2026: The Next Generation Monetary and Financial System

• International Monetary Fund — Stablecoins: Opportunities, Risks, and Policy Considerations

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Major Market Repricing Alert, Global Economy Changed Forever-The Reset Begins.

Major Market Repricing Alert, Global Economy Changed Forever-The Reset Begins.

David Lin:  7-27-2027

In a highly insightful interview on the David Lin Report, financial expert John Butler sat down to discuss the complex web of geopolitical risks, macroeconomic policy, and market valuations currently shaping the global economy.

As investors navigate increasingly volatile market conditions, Butler provides a sobering look at how underlying systemic issues—ranging from trade disruptions to unsustainable global debt—are building toward a major paradigm shift. This discussion serves as a crucial guide for those looking to protect their wealth in an unpredictable economic landscape

One of the most pressing concerns highlighted by Butler is the vulnerability of critical global trade routes. Asymmetric control over key maritime choke points, such as the Strait of Hormuz and the Bab al-Mandab, has introduced unprecedented friction into global supply chains.

 By restricting the flow of vital commodities—including crude oil, fertilizers, and petrochemical products—these geopolitical tensions are actively fueling stagflationary pressures worldwide. Unlike routine market corrections, shipping disruptions of this magnitude create structural supply deficits that keep consumer prices elevated, proving that geopolitical risk is no longer just a hypothetical concern but an active driver of global inflation.

Despite these clear systemic threats, Butler argues that global markets have yet to accurately price in these risks. Equity valuations remain stubbornly elevated, buoyed largely by waves of speculative enthusiasm. Butler specifically points to the current artificial intelligence (AI) boom, characterizing much of the market excitement as an overblown hype bubble.

While AI technology holds genuine long-term promise, the extreme premium currently placed on speculative tech stocks ignores the immediate reality of rising operational costs, supply chain vulnerabilities, and tightening liquidity, leaving portfolios heavily exposed to sudden downward corrections.

Beneath the surface of market optimism lies a deeper, structural threat: the unsustainable rise of sovereign government debt across major Western economies, including the United States, the United Kingdom, and the European Union.

Butler warns of impending debt spirals and fiscal crises as governments continue to issue massive amounts of debt to fund persistent structural deficits. This fiscal strain is occurring alongside a historic shift in global power dynamics.

The world is rapidly transitioning from a unipolar system dominated by Western financial institutions to a multipolar order, forcing a recalibration of international trade alliances and foreign policies while introducing further friction into the global financial architecture.

In this environment of fiscal instability and shifting power, Butler maintains a strongly bullish outlook on precious metals over the long term. While near-term interest rate hikes by central banks may temporarily suppress the price of gold and silver, the fundamental drivers remain historically strong.

Decades of neo-Keynesian inflationary policies—characterized by persistent deficit spending and central bank intervention—have eroded the purchasing power of fiat currencies. Because these inflationary monetary policies are unlikely to be reversed by governments anytime soon, precious metals remain a vital, non-dilutable hedge against currency devaluation.

Ultimately, Butler advocates for a strategic pivot in investment philosophy. Rather than chasing momentum in overvalued and speculative sectors, he advises investors to focus on real assets that possess inherent pricing power.

This includes physical precious metals, energy resources, and basic commodities that are absolutely essential for maintaining daily societal functions. In an era marked by lower average valuations and heightened macroeconomic volatility, wealth preservation requires a historically informed approach focused on tangible utility and supply-demand fundamentals.

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

Seeds of Wisdom RV and Economics Updates Monday Afternoon 7-27-26

Good Afternoon Dinar Recaps,

U.S.–Iran Diplomacy Shows Signs of Progress as Oil Markets Reprice Global Risk

Mixed diplomatic signals between Washington and Tehran eased immediate fears of a wider Middle East conflict, sending oil prices sharply lower. However, continuing warnings over the Strait of Hormuz demonstrate that geopolitical risks remain capable of quickly reshaping global energy markets and financial conditions.

Overview

• President Trump said Iran requested a halt to military operations and indicated negotiations are underway, while warning that U.S. military action could quickly resume if talks fail.

• Iran denied reports that it proposed direct negotiations with the United States, underscoring the fragile and uncertain nature of current diplomatic efforts.

• Oil prices posted their largest one-day decline in two months as markets priced in reduced near-term supply risks, although maritime tensions in the Strait of Hormuz remain unresolved.

Key Developments

1. Diplomacy and Deterrence Continue Side by Side

President Donald Trump stated that Iran had reached out seeking a halt to military operations and said discussions are continuing with what he described as a reasonable opportunity to reach an agreement. At the same time, he emphasized that military operations remain ready to resume if negotiations fail.

Meanwhile, Iran's Foreign Ministry publicly rejected reports that Tehran had requested direct negotiations with Washington, maintaining that any diplomatic engagement continues through intermediaries. The differing public statements highlight the deep mistrust that still exists despite renewed diplomatic activity.

2. Oil Markets Quickly Reverse Course

Energy markets responded immediately to signs that the conflict may not escalate further in the near term.

Brent crude and West Texas Intermediate crude recorded their largest single-day declines in nearly two months, reversing part of the sharp gains that followed earlier disruptions surrounding the Strait of Hormuz.

Analysts noted that markets rapidly shifted from pricing in severe supply shortages toward expectations that additional global production could eventually create an oversupply if diplomacy continues and shipping lanes remain open.

3. Strait of Hormuz Remains the World's Financial Pressure Point

Despite improving market sentiment, Iran warned that any additional attempts to interfere with its ports or shipping would trigger further escalation.

Military officials also accused U.S. forces of threatening vessels operating near Iran's coastline, reinforcing concerns that even isolated incidents could quickly reignite broader conflict.

Roughly one-fifth of global seaborne oil trade normally passes through the Strait of Hormuz, making the waterway one of the world's most important economic chokepoints. Even without active combat, uncertainty surrounding navigation continues influencing energy prices, shipping insurance costs, and global trade expectations.

4. Financial Markets Shift Toward Lower Inflation Expectations

The decline in oil prices reduced immediate concerns that another energy shock would fuel higher inflation worldwide.

Lower energy prices could ease pressure on central banks, including the Federal Reserve, as policymakers continue balancing inflation risks with slowing economic growth.

At the same time, investors remain cautious because any breakdown in negotiations could quickly reverse recent gains across equities, cryptocurrencies, and other risk assets.

Why It Matters

Financial markets increasingly respond as much to diplomatic headlines as to military actions. Every indication of progress or deterioration between Washington and Tehran now has immediate consequences for oil prices, inflation expectations, central bank policy, shipping costs, and investor confidence.

Although markets welcomed today's easing tensions, the underlying geopolitical risks have not disappeared.

Why It Matters to Foreign Currency Holders

Currency investors continue monitoring geopolitical developments because sustained changes in energy prices often influence inflation, interest-rate decisions, and capital flows between nations.

Greater stability in global energy markets could reduce short-term volatility, while renewed conflict could once again strengthen safe-haven assets and increase pressure on currencies tied to energy imports and global trade.

Implications for the Global Reset

• Pillar 1: Debt

Lower energy prices can reduce inflationary pressure, potentially giving central banks greater flexibility as governments continue managing historically high debt levels.

• Pillar 2: Trade

The Strait of Hormuz remains one of the world's most important trade corridors. Continued stability supports international commerce, while renewed disruptions could rapidly increase shipping costs and slow global supply chains.

• Pillar 5: Energy

Energy markets remain highly sensitive to developments in the Middle East. Diplomatic progress lowers supply concerns, but unresolved maritime tensions continue to pose significant risks to global energy security.

Future Outlook

Investors will closely watch whether indirect negotiations evolve into meaningful diplomatic progress or whether military pressure resumes. Markets are also monitoring commercial shipping activity through the Strait of Hormuz, statements from both governments, and any changes in global oil production forecasts.

This is not simply about a temporary pause in hostilities—it illustrates how diplomacy, energy security, and financial markets have become increasingly interconnected as the global financial system continues to adapt to a rapidly changing geopolitical landscape.

Sources

• Crypto Briefing — Trump Says Iran Requested Halt to Attacks, Warns of Resuming Operations if Talks Fail

• Crypto Briefing — Oil Prices See Largest Two-Month Drop as U.S.–Iran Tensions Ease

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Monday Afternoon 7-27-26

 Brazil's Exports To Iraq Fall To $208M In Q2 2026

2026-07-26 18:34   Shafaq News- Brasilia/ Baghdad   Iraq's imports from Brazil fell 37.5% in the second quarter of 2026 to $208 million, down from $333 million in the first quarter, the Brazilian Ministry of Development, Industry, Trade and Services said on Sunday.

According to the ministry's data, cane or beet sugar and chemically pure sucrose topped Brazil's exports to Iraq at $70 million, followed by live cattle ($58M), soybeans ($40M), and poultry meat ($35M). Iraq also imported frozen beef ($2.8M), manufactured tobacco ($1.4M), hair care products ($608,000), prepared and preserved meat ($378,000), orthopedic and medical devices ($364,000), and appliances for spraying liquids or powders ($220,000) from Brazil.

Earlier this year, UN COMTRADE data showed that Iraq's exports to Brazil remained limited in 2025, totaling just $3.06 million, compared with the much larger value of Brazilian exports to Iraq.

https://www.shafaq.com/en/Economy/Brazil-s-exports-to-Iraq-fall-to-208M-in-Q2-2026

Oil Prices Drop 4% On US-Iran De-Escalation Signs

2026-07-27 01:17   Shafaq News   Oil prices tumbled 4% on Monday after the U.S. and Iran paused strikes over the weekend after two weeks of attacks, raising hopes of a diplomatic solution that would de-escalate the conflict and allow shipping to resume in the Strait of Hormuz.

Brent crude futures fell $3.96, or 4.1%, to $92.82 by 0329 GMT after briefly slipping under the key support level of $90 earlier in the session.

U.S. West Texas Intermediate crude was at $85.29 a barrel, down $4.02, or 4.5%.

Both contracts are trading at ⁠their lowest levels in nearly a week after rising for the past three weeks.

Brent had reached $100 per barrel as the conflict, which reduced oil shipments via the Strait of Hormuz, spilled over to the Red Sea, hindering exports from the world's top exporter, Saudi Arabia, via the Bab el-Mandeb strait to Asia.

The U.S. ambassador to the United Nations, Mike Waltz, told "Fox News Sunday" and other U.S. media that President Donald Trump had decided to pause U.S. attacks to allow more time for diplomacy.

"Oil prices fell sharply in early trading as the U.S. and Iran refrained from further military action, offering the first tangible signs of a potential de-escalation in tensions," said ING analysts in a client note.

"The price action in ⁠oil this morning clearly reflects the market's desperation for positive news."

Despite the pause in attacks, fewer than 10 commodity vessels passed through the Strait of Hormuz daily during the weekend, shipping data from Kpler showed.

"Any rebound in flows through the Strait of Hormuz is likely to prove slow and partial, as many shippers remain wary and will want greater confidence in their safety before ⁠they bring more empty ships into the Strait," MST Marquee analyst Saul Kavonic said.

In addition, ship traffic through the Bab el-Mandeb strait fell on Sunday after Yemeni Houthis attacked Saudi oil installations along the Red Sea coast, although a third Chinese supertanker exited via ⁠the Bab el-Mandeb strait.

However, some analysts are still expecting markets to be supported if crude supplies stay affected by ongoing shipping risks in the Middle East and the Russia-Ukraine war.

"As the Middle East conflict widened to the Red ⁠Sea and Ukrainian drones struck Russian ships and refineries...Sustained (supply) disruption would likely keep oil prices elevated and continue to pose upside risks to global inflation," said UOB analysts in a note. (REUTERS) https://www.shafaq.com/en/Economy/Oil-prices-drop-4-on-US-Iran-de-escalation-signs

USD/IQD Exchange Rates Surge In Baghdad, Erbil

2026-07-27 04:34   Shafaq News- Baghdad/ Erbil  TGFThe US dollar strengthened against the Iraqi dinar on Monday morning, hovering around 150,000 dinars per $100 in Baghdad and Erbil, according to a Shafaq News market survey.

In Baghdad, the dollar traded at 150,050 IQD per $100 at the Al-Kifah and Al-Harithiya central exchanges, up from 149,650 IQD on Sunday.

Exchange shops in the capital offered the dollar at 150,500 IQD per $100, with a buying price of 149,500 IQD.

In Erbil, the capital of the Kurdistan Region, the dollar was selling at 150,200 IQD per $100 and buying at 150,100 IQD per $100. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-surge-in-Baghdad-Erbil-7-4

Gold Prices Climb In Baghdad, Erbil

2026-07-27 05:30   Shafaq News- Baghdad/ Erbil  Gold prices rose in Baghdad and Erbil on Monday, with 21-carat gold hovering around 860,000 Iraqi dinars ($656) per mithqal (equivalent to five grams), according to a Shafaq News market survey.

On Baghdad's Al-Nahr Street, 21-carat Gulf, Turkish and European gold was selling for 858,000 IQD ($655) per mithqal and buying at 854,000 IQD ($652), up from 852,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 828,000 IQD ($632) per mithqal, with a buying price of 824,000 IQD ($629).

In jewellery stores, 21-carat Gulf gold ranged between 860,000 and 870,000 IQD ($656-$664) per mithqal, while Iraqi gold sold for 830,000-840,000 IQD ($634-$641).

In Erbil, 22-carat gold sold for 905,000 IQD ($691) per mithqal, 21-carat gold for 865,000 IQD ($660), and 18-carat gold for 742,000 IQD ($566). https://www.shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-Erbil-7

Five-Part Energy Plan Targets Iraq’s Power Shortages

2026-07-27 08:29   Shafaq News- Baghdad   Iraq’s Electricity Ministry on Monday outlined a five-part plan to address widespread power cuts through additional fuel supplies, the return of stalled generating units, domestic gas development, solar projects, and electricity links with neighboring countries.

Ministry spokesperson Ahmed Jiyad told Shafaq News that regional tensions had contributed to the crisis but were not its only cause, citing lower domestic and imported gas supplies, unprecedented temperatures, and rising demand on the national grid.

The ministry is now “coordinating with relevant authorities” to secure fuel, restore offline units, accelerate local gas investment, expand solar generation, and diversify electricity supplies.

Under Iraq’s latest agreement with GE Vernova, the US energy company must arrange up to 10,000 megawatts of electricity imports from neighboring countries by 2027, parliamentary Electricity and Energy Committee member Riyad Adday told Shafaq News.

The ministry previously projected peak summer generation of about 30,000 megawatts against demand of 55,000 to 60,000 megawatts, indicating that scheduled cuts would continue even if plants operated at full planned capacity.

Read more: 40-GW electricity gap forces Iraq to back private generators

https://www.shafaq.com/en/Economy/Five-part-energy-plan-targets-Iraq-s-power-shortages

Lawmakers Endorse Reforms To Ease Iraq's Power Shortages

2026-07-27 13:17   Shafaq News- Baghdad  The Iraqi parliament voted on Monday to approve a package of recommendations to address the country's electricity crisis, including reopening all corruption cases related to the Electricity Ministry dating back to 2005 and strengthening oversight.

According to a statement, the measures require the ministry to submit a detailed annual plan before each summer season outlining completion rates, implementation timelines, and performance indicators, with regular reviews by parliament.

The suggestions also call for reviewing all contracts and projects awarded through exemptions or found to lack technical or economic viability, while taking legal action against those responsible for wasting public funds.

They further called for adopting a national renewable energy program by expanding the use of solar power systems for households and the agricultural and industrial sectors to ease pressure on the national grid and reduce fuel consumption.

The Central Bank of Iraq, in coordination with public and private banks, was tasked with launching a soft-loan initiative offering subsidized or interest-free financing, flexible repayment terms, and simplified guarantees for citizens wishing to install solar power systems. In addition, the Electricity Ministry was directed to establish technical and administrative mechanisms to facilitate connecting solar power systems to the national grid.

Read more: Iraq needs ≈25M solar panels to ease power crisis

A joint committee comprising the parliamentary committees on Electricity, Finance, Planning, Investment, Oil, Services, and Integrity will oversee implementation of the measures and submit periodic progress reports to parliament on achievement rates and obstacles.

Earlier today, Electricity Minister Ali Saadi Wahib reportedly told parliament that Iraq needs 60,000 MW of electricity but is generating only 20,000 MW after losing about 7,000 MW of capacity. He pledged to restore 9,000 MW within 15 days through increased Iranian gas supplies and discussions with Turkiye on electricity imports.

https://www.shafaq.com/en/Iraq/Lawmakers-endorse-reforms-to-ease-Iraq-s-power-shortages

Monday Iraq News posted by Tishwash at TNT 7-27-2026

TNT:

Tishwash:  Iraq: Non-oil revenues hit record high

The Eco Iraq Observatory announced on Saturday that the contribution of non-oil revenues to Iraq’s total financial revenues has risen to 16%, the highest percentage recorded so far.

The observatory said in a statement received by Al-Sa’a that “this is the first time that the percentage of non-oil revenues has risen to 16% during the months of May and June, after it had remained for years not exceeding 5%.”

He explained that "non-oil revenues rose for the first time to about 10% during the government of Mustafa Al-Kadhimi, and stabilized at this level during the government of Mohammed Shia Al-Sudani, before recently recording its highest percentage."

The observatory explained that "non-oil revenues include commodity taxes and production fees, general fees, taxes on income and wealth, transfer revenues, as well as other revenues."

He pointed out that "the revenues of the Kurdistan Region represent about 5.5% of the total non-oil revenues, through the funds that the region delivers to the federal government."  link

Tishwash:   Al-Halbousi receives the US Chargé d'Affaires and emphasizes the importance of the economic partnership with Washington.

The head of the Progress Party, Mohammed al-Halbousi, discussed today, Sunday (July 26, 2026), with the US Chargé d'Affaires, Joshua Harris, the political developments and the economic partnership, and explained that the meeting addressed the results of the Prime Minister’s visit to Washington and the regional and international challenges.

 The media office of the Progress Party, as reported by Network 964, stated that Al-Halbousi “received today, Sunday, the Chargé d'Affaires of the US Embassy in Iraq, Mr. Joshua Harris.”

He added that “the meeting addressed the political situation in the country, and supported the recent visit of the Prime Minister to the United States of America, which contributed to launching a comprehensive and diversified economic partnership that supports the Iraqi economy and expands investment opportunities.”

He added that “the meeting discussed developments in regional and international affairs, the challenges facing the region, and a number of topics of common interest.”  link

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

Tishwash:  Parliamentary Finance Committee sets priority for new government legislation

The Parliamentary Finance Committee held a closed meeting on Saturday to discuss draft laws referred by the Iraqi government to the Council of Representatives, within its purview.

The meeting reviewed the draft laws submitted to the committee, examining their content and financial and legal implications, in preparation for further discussion and the formulation of necessary recommendations that align with current requirements and serve the public interest.

The head of the Parliamentary Finance Committee emphasized the importance of expediting the review of priority draft laws, according to a vision that ensures the strengthening of the state's financial management, supports economic reforms, and develops the legislative environment to meet the needs of government institutions and citizens.

The committee also discussed mechanisms for coordination with relevant government entities and preparations to host representatives of ministries and specialized institutions to hear their technical and legal observations, ultimately aiming to draft sound legislation that contributes to enhancing institutional performance and achieving sustainable development.   link

Tishwash:  What prompted the American company JPMorgan to operate in Iraq?

Political analyst Alaa al-Aqabi stated on Sunday that the agreement with JPMorgan Chase includes allocating the proceeds from the sale of 500,000 barrels of oil per day to finance projects within Iraq, denying that this constitutes a free concession of Iraqi oil .

Al-Aqabi said in a televised interview followed by Al-Sa’a Network that “the opening of JPMorgan Chase Bank in Iraq aims to finance American projects and companies operating in the country, especially after a number of European banks refrained from working in the Iraqi market .”

He added that "the agreement includes the sale of 500,000 barrels of oil per day, with the proceeds to be deposited through JPMorgan Chase to finance the agreed-upon projects, and not the transfer of oil or its revenues to the United States for free ."

He explained that "some critics described the agreement as an occupation or colonialism, but that is not true, because the money will go back to finance projects inside Iraq ."

He pointed out that "these quantities are not counted within Iraq's quota in OPEC, which gives Baghdad an opportunity to increase its oil exports without affecting its official quota, according to him ."

Al-Aqabi stressed that “Iraq needs international banking guarantees to attract investments and finance projects, given the continued reluctance of a number of European banks to enter the Iraqi market  link

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Tishwash:  The Central Bank of Iraq is restructuring its departments and creating a department to supervise non-bank financial institutions.

The Central Bank of Iraq has decided to implement extensive changes to its organizational structure, including elevating the Directorate of Supervision of Non-Bank Financial Institutions to a general department called the Department of Supervision of Non-Bank Financial Institutions, as part of efforts to improve institutional performance and enhance operational efficiency.

The decisions also included transferring the Operations and Settlements Section from the Information Technology and Payments Department to the Accounting Department, along with transferring the Policies and Regulations and Digital Financial Solutions and Services Sections to the Department of Supervision of Non-Bank Financial Institutions. The name of the Information Technology and Payments Department was also changed to the Information Technology Department.

Furthermore, the bank decided to abolish the Financial Inclusion Section and distribute its responsibilities among the Banking Supervision, Accounting, Statistics and Research, and Non-Bank Financial Institutions Supervision Departments. The Information Security Section was also abolished, and its responsibilities were transferred to the Risk Management Section in coordination with the Information Technology Department.

The measures also included abolishing the Office for Monitoring and Coordinating the Work of Central Bank Branches and linking the Basra, Mosul, and Erbil branches directly to the Deputy Governor. Finally, the Corporate Identity Division was transferred to the Total Quality Management and Institutional Development Department, which will report to the Deputy Governor instead of the Governor.

The Central Bank explained that these changes will take effect no later than July 30, 2026, with the Human Resources Department responsible for redistributing employees according to the new structure. The bank emphasized that these steps aim to enhance institutional performance and develop the organizational structure in line with its objectives and responsibilities.  link

Iraq Economic News and Points To Ponder Monday Morning 7-27-26

The Iraqi Economy: From Fragility To Sustainable Reform

Economic  2026/07/26   At the heart of the economic, financial and banking field...and the suffering of the Iraqi economy from challenges, crises and fragility  .

Economic and banking advisor, *Samir Al-Nassiri*, presents us with his sixteenth publication ..."

His new book (The Iraqi Economy: From Fragility to Sustainable Reform) is published by the Arab House for Science Library - Baghdad. It is a specialized diagnosis of the reality of the national economy from 2003 to 2026  .

The result of years of continuous research, analysis, study and documentation in the files of economic, financial and banking reform .

  Reviewing previous economic policies up to what the new government presented in its ministerial program in the twelfth axis and the 12 paragraphs that outlined the government’s goal for economic reform for the coming years .

  The book consists of 285 pages, five chapters, and sixty-one specialized sections, supported by information, data, statistics, appendices, documents, and sources that make it a comprehensive national and strategic economic reference. 

Advisor Samir Al-Nassiri explains the government's new vision and methodology for restructuring the economy and consolidating its leadership of the state, not the other way around.

This involves shifting from line-item budgeting to program and performance-based budgeting, in harmony with a new economic management methodology that activates investment, energy, electricity, transportation, technology, digital transformation, banking sector reform and restructuring, and empowering the private sector to manage the economy based on facts and practical solutions for transitioning from fragility to sustainability and development .

This is not just a book... it is a practical, scientific and documented roadmap .

By shifting the economy from crisis management to opportunity management .

lt embodies the vision for a prosperous economic future for Iraq. https://alsabaah.iq/135684-.htm

Foreign Policy magazine describes al-Zaidi as "The Most Powerful Man In Iraq": Trump's Bet On His Leadership To Reshape The Iraqi Landscape May Run Into Obstacles Within The Political System

  Latest News Sunday, July 26, 2026 Baghdad - One News -   Foreign Policy Magazine believes that the warm welcome shown by US President Donald Trump during his reception of Iraqi Prime Minister Ali al-Zaidi at the White House was not merely a diplomatic courtesy, but rather reflects a new American approach based on supporting leaders capable of consolidating state power, reducing Iranian influence, and opening their countries’ economies to American companies.

According to the magazine's report, the Trump administration, led by its envoy to the region, Tom Barrack, is betting on a "strongman" model in Iraq, after previous US administrations focused on political compromises and power-sharing.

Washington believes that having a single leader capable of exerting control over state institutions and security services is more effective in achieving its interests than systems of governance based on balances and coalitions.

The report indicated that the search for “Washington’s man” in Baghdad began after the 2025 elections, when Trump publicly rejected the nomination of former Prime Minister Nouri al-Maliki, whom the US administration considered close to Iran, before Iraqi political forces turned to nominating Ali al-Zaidi, who at the time was a young banker with no political base or government experience.  

The report argues that al-Zaidi was a consensus candidate for Iraqi political forces, while Washington considered him a figure who could be supported to implement an agenda based on strengthening state authority, restricting weapons to the government, and reducing the influence of armed factions, in parallel with launching a broad campaign to combat corruption.

He added that al-Zaidi made Washington his first foreign destination after assuming the premiership, and pledged to proceed with the project of integrating and disarming armed factions, including groups close to Iran, within an American vision that considers these steps part of a broader project to rebuild the Iraqi state.  

However, the report indicates that this bet faces significant challenges, because the Iraqi political system was designed after 2003 to prevent the monopolization of power by one person, and previous attempts to integrate armed factions have not succeeded in ending their loyalties, as they have retained their leadership and organizational structures despite their members receiving salaries and positions within state institutions.  

He added that some factions announced their readiness to coordinate with the government, while others, including Kataib Hezbollah and Harakat al-Nujaba, refused to engage in the weapons control project, making the implementation of this plan more complicated.  

The report also argues that the recent war has strengthened the presence of the Iranian Revolutionary Guard inside Iraq and solidified the ties of some factions to Tehran, which makes it more difficult for any government attempt to impose a state monopoly on weapons within a short period of time.  

The report stressed that many Iraqi officials want to strengthen state sovereignty and reduce the influence of armed groups, but desire alone is not enough given the political, military and economic influence that these factions possess, as well as the connection of some of them to Iran.  

The report concludes that the Trump administration's bet on transforming Ali al-Zaidi into a central leader capable of reshaping the Iraqi landscape may face structural obstacles related to the nature of the Iraqi political system, the entanglement of power centers, and internal balances of power. It warns that the pursuit of quick results could lead to an escalation of internal conflict rather than the consolidation of stability. https://1news-iq.net/مجلة-فورين-بوليسي-الأميركية-تصف-الز/

The Judiciary Announces The Seizure Of Another 27 Billion Dinars In The Case Of Former Deputy Minister Of Oil Adnan Al-Jumaili

  latest news Sunday, July 26, 2026 Baghdad - One News -On Sunday, the investigating judge of the Central Anti-Corruption Criminal Court announced the seizure of another 27 billion Iraqi dinars as part of the investigation into the case of the detained Undersecretary of the Ministry of Oil for Liquidation Affairs, Adnan al-Jumaili , and the parties involved with him.  

The judge explained that the money was seized after careful monitoring to track the financial proceeds resulting from waste in projects implemented by the accused and those involved in the case, indicating that the money was hidden with a number of people.   He stressed that investigations are still ongoing to reach all those involved and take legal action against them.    https://1news-iq.net/القضاء-يعلن-ضبط-27-مليار-دينار-في-قضية-وك/

Adnan Al-Jumaili's Cave... 27 Billion New Dinars Hidden With A Number Of Individuals Are Now In The Hands Of The Judiciary, And Investigations Are Ongoing To Track Down The Rest Of The Funds And Reach All Those Involved

latest newsSunday,July 26, 2026 Baghdad - One News - On Sunday, the investigating judge of the Central Anti-Corruption Criminal Court announced the seizure of 27 billion Iraqi dinars as part of the ongoing investigations into the case of the Deputy Minister of Oil for Liquidation Affairs, the detained defendant Adnan Al-Jumaili, and the parties involved with him.

  The judge explained that the seizure came after careful monitoring of the financial proceeds resulting from waste in the implemented projects, indicating that the money was hidden with a number of people, before the competent authorities were able to seize it.  

He added that these funds represent a part of the financial proceeds under investigation, stressing that legal procedures are continuing to track down the rest of the funds, reach all those involved in the case, and take legal action against them.  

He noted that investigations are still ongoing as part of efforts to uncover the entire network linked to the case, recover public funds, and hold all those involved accountable according to the law.    https://1news-iq.net/مغارة-عدنان-الجميلي-27-مليار-دينار-جديد/

Oman Proposes The "Malacca" Model For Managing The Strait Of Hormuz: A Regional Proposal To Finance Shipping Services Without Imposing Transit Fees

  latest news Sunday, July 26, 2026   Amman - One News - 7/26/2026   CNN has revealed a new Omani proposal aimed at reorganizing the management of navigation in the Strait of Hormuz, through the creation of a regional cooperation mechanism for providing maritime services, inspired by the model adopted in the Straits of Malacca and Singapore, in an effort to secure one of the most important maritime routes in the world and alleviate the tensions it has witnessed in recent months.  

According to the report, the proposal is not based on creating a new military alliance or naval force, but rather focuses on establishing a regional framework to manage and finance navigational services, including the maintenance of buoys and lighthouses, regulating ship traffic, enhancing maritime safety procedures, and responding to emergencies and environmental pollution, similar to the mechanism that has been in place for years in the Straits of Malacca and Singapore.  

The report explained that the Sultanate of Oman presented the proposal to the United States and a number of international partners, stressing that the goal is not to impose transit fees on ships, but rather to create contributions or fees related to maritime services provided, in order to ensure the continued funding of safety operations without compromising the principle of freedom of international navigation.  

The report indicated that the proposal also includes a vision for regulating navigation through two maritime corridors, one in Omani waters that remains open to international navigation, and the other in Iranian waters that is subject to coordination mechanisms agreed upon by the parties, within the framework of efforts to reduce military friction and prevent a recurrence of the crises that the strait has recently witnessed.  

The Omani proposal comes amid growing international concerns about the impact of security tensions in the Strait of Hormuz on global energy markets, especially since the strait is one of the most important arteries for oil and gas trade in the world, while the recent military escalation has led to higher shipping and insurance costs and raised fears of disruption to international trade.  

CNN confirmed that the proposal is still in the consultation phase and has not yet reached a final agreement, as the parties are still discussing the nature of the fees, the mechanism for their administration, and the entity that will oversee the proposed system.

Diplomatic contacts continue between Oman, Iran, the United States, and several other countries concerned with maritime security in the Gulf.   https://1news-iq.net/عُمان-تطرح-نموذج-ملقا-لإدارة-هرمز-م/