Basra Oil Service Firms Threaten To Halt Work Over Currency Losses

2026-08-24 Shafaq News- Basra    Private companies working in Basra's oil sector threatened on Monday to suspend operations and lay off more workers, protesting that payments on their dollar-denominated contracts are being settled in Iraqi dinars at the official exchange rate.

Oil Drops Ahead Of Tougher US Iran Sanctions

2026-08-24 Shafaq News   Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East.

Brent crude futures fell $1.23, or 1.3%, to $93.16 by 0329 GMT, while U.S. West Texas Intermediate crude was at $85.7 a barrel, down $1.36, or 1.6%.

Good Afternoon Dinar Recaps,

The Iran Sanctions Test: Oil, the Dollar and the Global Financial System Enter Another Phase

Washington is escalating financial pressure on Iran just as the rial reaches another record low, putting oil flows, dollar-based sanctions and alternative international trade channels under renewed pressure.

Iraqi Hopes For Removing Zeros From The Dinar To Combat Corruption

Baghdad   Ahmed Eid   The proposal to remove zeros from the Iraqi dinar has brought back to the forefront a wide debate about the reality of the project, the possibility of its implementation, and the results that it can achieve, especially with its connection to returning hoarded funds to the banking system and revealing some of the funds resulting from corruption, in addition to questions about its impact on inflation, the value of the dinar, and purchasing power.

Good Morning Dinar Recaps,

When High U.S. Yields Stop Supporting the Dollar: Debt, Treasury Policy and a New Currency Warning

The traditional relationship between higher U.S. interest rates and a stronger dollar is being tested as investors increasingly focus on the size of U.S. debt, Treasury intervention and the long-term credibility of the fiscal position.

Al-Abadi On The Anniversary Of The Founding Of Iraq: Sovereignty, Institutions, And Justice Are The Criteria Of A True State

Baghdad - One News - 8/23/2026   On the anniversary of the founding of the modern Iraqi state, Haider al-Abadi, head of the Victory Coalition, affirmed that building a state is not completed by the date of its declaration or by the passage of time since its establishment, but rather by its ability to protect its sovereignty, preserve its institutions, and achieve justice for its citizens.  

Good Afternoon Dinar Recaps,

China's Yuan and the Emerging Shift in Global Trade Settlement

China is continuing to build the infrastructure for a larger international role for the yuan, and today's Sinopec results provide an important energy-market connection. The shift is not a sudden replacement of the dollar—but the combination of China's energy position, yuan settlement and expanding cross-border payment infrastructure is creating another pathway for global trade outside traditional dollar channels.

US Imports 6K Bpd Of Iraqi Crude After Seven-Week Gap

2026-08-23   Shafaq News- Baghdad/ Washington  US crude oil imports from Iraq resumed at 6,000 barrels per day (bpd) after seven consecutive weeks at zero, according to the latest US Energy Information Administration (EIA) data.  The week ending August 14 marked the first Iraqi crude shipments to the United States since late June, well below the 71,000 bpd recorded in the week ending June 19.