Exclusive: SOMO Seeks Safe Hormuz Passage For Iraqi Oil Exports

2026-08-17   Shafaq News- Baghdad   Iraq’s State Organization for Marketing of Oil (SOMO) is negotiating with US and German shipping companies to secure passage for crude exports through the Strait of Hormuz using Iraqi-flagged tankers, a government source told Shafaq News on Monday.

Good Morning Dinar Recaps,

Oil Shock Meets the Global Financial System: Bonds, Currencies and Central Banks Reprice Risk

August 18, 2026

The Iran conflict is no longer only an energy story. Rising oil prices are now colliding with elevated government debt, higher long-term bond yields and changing expectations for central-bank policy—creating a new test for the global financial architecture.

Brent crude has moved above $90 a barrel, while the U.S. 30-year Treasury yield has climbed above 5.3%, its highest level since 2007. At the same time, investors have reduced expectations for additional Federal Reserve rate increases. The unusual combination is forcing markets to reconsider how inflation, debt and geopolitical risk interact.

Telecom Minister Claims Dinar Redenomination Finalized, Drawing Criticism

Iraq   Jawad Al-Samarraie    August 16, 2026   Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized.

Iraqi PM Advisor: Digital Dinar a ‘Promising Strategic Project’

Daban Mohammed   At a Glance 

• The Iraqi PM advisor described the digital dinar as a strategic initiative designed to enhance monetary policy and improve liquidity management.

• The advisor clarified the digital currency is a legal tender extension of the paper dinar.

• The official cautioned the project is not a direct remedy for structural macroeconomic imbalances.

• Lawmakers proposed distributing state salaries directly into citizen digital wallets.

Tehran To Tackle Iranian Business Hurdles In Iraq

2026-08-16 Shafaq News- Baghdad  Central Bank of Iran Governor Abdolnaser Hemmati pledged to address obstacles facing Iranian businesses in Iraq, Iranian media reported on Sunday.  During a meeting with Iranian business representatives in Baghdad, Hemmati said he would follow up on export revenues, customs tariffs, and unpaid dues to Iranian contractors.

Telecom Minister Claims Dinar Redenomination Finalized, Drawing Criticism

Iraq     Jawad Al-Samarraie     August 16, 2026  Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized.  Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.

Good Morning Dinar Recaps,

The Bond Market Is Repricing the Global Financial System

August 17, 2026

The most important financial signal may not be coming from a central bank. It may be coming from the bond market. After the U.S. 30-year Treasury auction produced a 5.216% yield, long-term borrowing costs have moved into territory that would have seemed extraordinary during the low-rate era. Now, rising yields are appearing across other major sovereign bond markets as investors reassess inflation, government debt and the future path of interest rates.