Oil Prices Climb Above $91 On Renewed US-Iran Strikes

2026-09-01 Shafaq News   Oil prices gained around $1 on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region.

Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.

Good Afternoon Dinar Recaps,

Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System

Japan's surging long-term bond yields are testing the country's debt sustainability while creating potential ripple effects across global capital flows and government borrowing costs.

Cabinet to vote on Iraq’s 2027 budget in September

2026-08-31   Shafaq News- Baghdad    Iraq’s cabinet will vote on the draft 2027 federal budget in September, with the projected deficit capped at 3%, government spokesperson Haider Al-Aboudi announced on Monday.  

At a press conference, Al-Aboudi said the Finance Ministry is finalizing the bill in line with the Federal Financial Management Law. The program-based budget will include electricity initiatives and development projects in Saladin and Al-Diwaniyah provinces, as well as provisions concerning contract employees.  

Good Morning Dinar Recaps,

Global Bond Rout Deepens: Oil Shock Forces Investors to Reprice Debt, Rates and Risk

Rising energy prices and renewed inflation concerns are pushing global bond yields higher, challenging governments, central banks and investors already facing elevated debt costs.

When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.

Information/Baghdad...  MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.

Afween told the Information Agency that “the issue of removing zeros from the currency has not yet reached the implementation phase,” explaining that “the project has not contributed to addressing the crises facing the Iraqi economy.”

Iraq’s Domestic Debt Climbs To $81bn In June

2026-08-31  Shafaq News- Baghdad   Iraq’s domestic public debt rose to 106.072 trillion IQD (about $81 billion) at the end of June 2026, up 2.893 trillion IQD (about $2.21 billion), or 2.8%, from May, according to Central Bank of Iraq (CBI) data.

The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).

Good Afternoon Dinar Recaps,

Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy

Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.

The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting.

August 30, 2026Last updated: August 30, 2026   Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.