Iraq Economic News and Points To Ponder Tuesday Evening 3-10-26

Closing The Strait Of Hormuz Would Deprive Iraq Of Exporting 90% Of Its Oil, With Anticipated Economic And Financial Repercussions

Baghdad Today - Baghdad:   Member of Parliament Mohammed Qutaiba Al-Bayati confirmed on Sunday (March 8, 2026) that the repercussions of the ongoing war in the Arabian Gulf region will be clearly visible on the Iraqi economy in the coming period, after the disruption of the majority of oil exports.

War And Rising Oil Prices

Al-Bayati told Baghdad Today: “The truth that the public should know is that the current war in the Arabian Gulf, with the closure of the Strait of Hormuz, has deprived Iraq of exporting more than 90% of its crude oil.”

He added that "this will have clear repercussions on the economic and financial situation in the country during the next stage," noting that "Baghdad has not benefited from the clear rise in oil prices, which have exceeded the $90 per barrel mark and may reach $100 in the coming days."

Economic Challenges And Alternative Plans

The member of parliament points out that "the prospect of ending the war is still unknown, and there are even fears that it will expand to include other countries in the region," indicating that "the economic situation in Iraq needs a clear vision and alternative plans to confront potential challenges."

Al-Bayati explains that "it is not possible to determine the nature of the challenges of the next stage in light of the lack of clarity in the direction, but in all cases Iraq is greatly affected, especially since the main export route for the majority of its oil passes through the Arabian Gulf towards the Strait of Hormuz."

Economic experts confirm that oil prices have exceeded $84 per barrel, but if the geopolitical crisis continues or tensions related to the closure of the Strait of Hormuz worsen, prices may rise to between $90 and $120 per barrel.  https://baghdadtoday.news/294742-90.html

The Dollar Paradox In Iraq: Record Sales Meet Widening Exchange Rate Gaps

Iraq     Jawad Al-Samarraie Baghdad (IraqiNews.com) – Economic expert Manar Al-Obaidi has released a comprehensive analysis detailing a significant Dollar Paradox in Iraq’s monetary landscape between 2006 and 2025.

 According to the report, the Central Bank of Iraq (CBI) sold a staggering $884 billion in foreign currency over the past two decades, with a massive $265 billion (30% of the total) occurring between 2022 and 2025 alone.

 The year 2025 set a historical record with annual sales reaching $80 billion, marking the first time since 2003 that currency auctions exceeded this threshold. Paradoxically, this period of peak supply also saw the highest disparity between the official and parallel exchange rates, with an average gap of 13.67%—more than double the historical average.

 Al-Obaidi anticipates a major shift in 2026 due to the implementation of the ASYCUDA (Automated System for Customs Data) and new pre-calculation mechanisms for customs tariffs.

Sales Reduction: Foreign currency sales are projected to drop by up to 30% in 2026 as geopolitical and economic changes alter the trade equation.

• Demand Management: The report argues that increasing the dollar supply has failed to stabilize the parallel market; instead, the government must focus on controlling the demand side by tightening border controls and regulating high-drain imports. 

• Consumer Patterns: A shift in domestic consumption patterns is deemed essential to reducing the structural reliance on foreign currency for basic goods.

Despite the depreciation of the Dinar in the parallel market, Ministry of Planning data reveals that Iraq achieved a 0% inflation rate in 2025. This anomaly suggests that exchange rate fluctuations are not the sole driver of commodity prices and calls for a more nuanced analysis of market factors.

 Al-Obaidi concluded by questioning how CBI sales reached record highs despite increased auditing, bank restrictions, and the suspension of cash sales.

 He emphasizes the need for a comprehensive investigation into whether the surge is driven by legitimate import demand or persistent gaps in the regulatory auditing process.https://www.iraqinews.com/iraq/iraq-dollar-paradox-cbi-sales-analysis-2026/

 Baghdad, US Turn To Iraqi Kurds For Oil Exports As Iran War Hits Supplies

Baghdad wants Kurdish pipelines to move up to 200,000 barrels per day to global markets, but Erbil is demanding relief from a dollar embargo and greater autonomy over trade.

The sun sets behind burning gas flares at the Dora Oil Refinery Complex in Baghdad on Nov. 24, 2025. — AHMAD AL-RUBAYE / AFP via Getty ImagesIraqi Prime Minister Mohammed Shia al-Sudani has appealed to the Kurdistan Regional Government (KRG) to help export up to 200,000 barrels per day (bpd) of its crude via a pipeline running to Turkey after Iraq ceased all foreign sales on March 1 due to the US-Israeli war against Iran, Al-Monitor has learned. 

Ensuring Iraqi crude reaches world markets is seen as critical by the Trump administration, as Gulf nations targeted by Tehran’s missiles curb production and the Strait of Hormuz remains effectively closed.

The resulting squeeze in supplies saw the price of oil surge above $100 per barrel on Sunday — before dropping down to around $90 Monday afternoon — with analysts predicting further spikes that could herald the worst crisis since the 1970s.

However, Iraqi Kurdish leaders have said they will let the oil flow only if Iraq agrees to resolve a long-standing dispute over Baghdad’s push to fully control all of the Iraqi Kurdistan region’s foreign trade, KRG officials told Al-Monitor. Many believe they now have the upper hand and are determined to leverage their perceived advantage.

“We need pragmatism in Baghdad. There is a new reality in Iraq. With crossings to Iran closed because of the war, the federal government now depends on Prime Minister Masrour Barzani’s goodwill for imports and oil exports through Turkey,” a senior KRG official speaking on background told Al-Monitor.

US officials have been communicating with Baghdad and Erbil to resolve the dispute in hopes of relieving pressure on the markets, the senior official told Al-Monitor. Acting Assistant Secretary for the Office of International Affairs Tommy Joyce called the KRG’s Washington representative, Treefa Aziz, on Friday, asking her to provide talking points for upcoming discussions with Baghdad relating to the dispute.

An administration official speaking on background confirmed that Washington wants the pipeline to come back on stream. 

Another Washington insider involved in discussions about exporting Iraqi crude through Turkey said relevant members of the Trump administration had been focused on the topic for at least the past five days.

The Department of Energy did not respond to Al-Monitor’s request for comment.

On March 1, Iraq’s Ministry of Oil informed the KRG that it would begin exporting 100,000 barrels of crude per day from its Kirkuk fields through a pipeline that links to another in the Kurdistan region that runs to export terminals on Turkey’s southern Mediterranean coast. The KRG refused to let the flow of oil proceed.

 On Monday, an increasingly desperate Baghdad appealed to the KRG to allow double the amount — 200,000 bpd — to go through the Kurdish pipeline.

The KRG has laid out several conditions that it says need to be met before it lets the oil flow.

Kurds play hard ball

The immediate standoff centers on Baghdad’s refusal since Jan. 1 to let the KRG and local business people pay dollars for any of their imports. Since 2023, when Baghdad began collecting all the proceeds from the sale of oil produced in the Kurdistan region and exported via Turkey, the KRG has had to increasingly rely on the Central Bank of Iraq to secure dollars.

Trade with Turkey, the KRG’s biggest trading partner, has plummeted since. The average number of trucks crossing the border has gone down from 3,000 a day to around 300 a day, according to KRG data.

Baghdad slapped the dollar embargo because of Erbil’s long-running objections to granting the central government full control over the management of the Kurdistan region’s land borders and airports under a newly introduced scheme that is being rolled out elsewhere across Iraq.

The system, devised by the United Nations and called the Automated System for Customs Data (ASYCUDA), is meant to enforce standardized tariffs, bring stricter supervision and documentation of trade, and therefore ensure greater transparency and prevent corruption.

The KRG insists, however, that the terms of the new model need to be adjusted in line with the KRG’s federal status that is enshrined in the Iraqi constitution. On March 6, Barzani conveyed to Sudani in writing that the KRG would adopt ASYCUDA, but on its own terms. Sudani has yet to respond.

Until recently, Washington had steered clear of the issue, writing it off as just another Baghdad-Erbil squabble. 

Iraqi energy officials did not respond to Al-Monitor’s request for comment.

“Our position is clear: dollar relief first, then oil exports,” the senior KRG official said. It remains unclear whether Washington will use its coercive power to get Sudani to fix the KRG’s dollar dilemma or whether it will lean on the KRG instead to let the oil flow.

Iraq Sucked In

Meanwhile, Iran and its Iraqi Shiite militia allies have been targeting the Kurdistan Region of Iraq since the start of the war. The attacks intensified amid reports that the CIA and Israel were involved in a covert effort to arm and train Iranian Kurdish fighters based in Iraqi Kurdistan to help overthrow the Iranian regime. President Donald Trump said on Saturday that he did not support the enterprise.

The pro-Iranian Islamic Resistance group in Iraq on Monday claimed responsibility for a drone attack on Erbil airport targeting US forces nearby. The drones were intercepted by US forces, local media reported.

On March 5, a drone struck the Sarsang field in the Kurdistan region, which produces an average of 30,000 barrels of crude per day. It is operated by HKN Energy, a privately owned US company that is part of the Hillwood group, founded by Ross Perot Jr. The attack caused a fire and halted production.

A Kurdish security officer was killed in a March 7 strike on Erbil airport. Barzani called on Baghdad to rein in the attacks, noting that the groups carrying them out were funded and armed by the central government.

Sudani’s failure to halt the assaults has deepened Erbil’s resentment toward him.

The US Embassy in Baghdad was targeted in an unidentified rocket attack over the weekend.

Washington is widely believed to support Sudani’s bid for a second term as rival factions fail to agree on a new prime minister in the wake of parliamentary elections that were held in November.

Reversing Kurdish Autonomy 

Iraq has, since 2017, been steadily reasserting central authority over the Kurdistan region, an effort Kurdish officials say is aimed at erasing their autonomy altogether. That year, the KRG held a referendum on independence. It was overwhelmingly approved by a majority of Kurds but sent relations with the central government into an even deeper hole.

Relations between the KRG and Baghdad have long been strained over disputes concerning revenue sharing, particularly related to oil. Baghdad periodically weaponizes the budget against the Kurds, freezing disbursements that are used to pay public worker wages in Iraqi Kurdistan.

“Economic coercion is becoming a powerful lever to pull on the road to asserting Baghdad’s control over Erbil.

There is a systemic pattern of actions by the Iraqi government to force revenue streams to be rerouted through the center,” Ramzy Mardini, founder of Geopol Labs, a risk consultancy firm based in the Middle East, told Al-Monitor.

 “This gives the Iraqis unprecedented leverage, which they will most certainly use for political reasons, even to constrain growth and development in the Kurdistan Region,” he said.

“This isn’t motivated by state-building or fiscal transparency. This is a long-running centralization campaign designed to strip away and ultimately erode the autonomy of the Kurdistan Region. The Iraqis are getting better at it, and Washington has grown too partial to Baghdad rather than serve as an honest broker,” Mardini added.

In a further setback for the KRG — and Turkey — an international arbitration court ruled in 2023 that Ankara had violated an existing agreement with Iraq’s central government by selling oil produced in the Kurdistan region since 2014 through a purpose-built pipeline.

 Iraq now wants to use that pipeline, which has lain dormant since Feb. 28, when international oil companies ceased all production amid continued Iranian-backed attacks on US bases and oil and gas fields in the Kurdistan region.

The pipeline can accommodate up to 700,000 bpd. It was carrying 250,000 bpd before its closure on Feb. 28 — all of it Iraqi Kurdish crude. Iraq was exporting around 3 million bpd via the Strait of Hormuz before the Iran conflict.

Oil produced in the Kirkuk fields, which Iraq now wants to divert to Turkey, was used for domestic consumption.

Previously, the Kirkuk fields were connected to export terminals via a dual pipeline that runs directly to Turkey. Last July, Turkey issued a decree terminating a 52-year-old agreement under which the oil was exported.

It had already halted the flow in 2023 after the International Court of Arbitration ordered Ankara to cough up $1.5 billion to Baghdad in damages over the unauthorized sales of Kurdish oil.

Iraq is pressing for additional compensation in a separate arbitration case. The lines have a combined capacity to transport 1.5 million bpd.

Should Iraq agree to waive the case and the previous fine that Ankara has so far refused to pay, the pipeline could resume operations, if not at full capacity. Washington may also be pressing for a deal between Baghdad and Ankara.

https://www.al-monitor.com/originals/2026/03/baghdad-us-turn-iraqi-kurds-oil-exports-iran-war-hits-supplies?gift_code=tAoOiPIZ-eoDER8YWqNoBIBkl9c

4 Common Mistakes Affluent Americans Make With Their Money

4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them

Vance Cariaga    GOBankingRates

Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.

Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.

A recent survey from financial services provider Equitable defined the “mass affluent” as Americans who have an income level at or above $90,000 per year. According to that survey, 80% of all Americans are “concerned” about the affordability of everyday living costs, regardless of income. Nearly half aim to change their financial habits in 2025 to ease financial stress. Almost 70% of the mass affluent said they plan to increase their savings by $500 or more per month.

Increasing savings is one way to bolster your finances. Another way is to avoid making the same mistakes over and over. Here are four common mistakes affluent Americans make and how to avoid them, according to Nasha Knowles, CFP, a financial advisor with Equitable Advisors who counsels high net worth individuals.

Underestimating Income Taxes

Many affluent people don’t realize the tax impact when they start earning more money, Knowles told GOBankingRates in an email.

“They will now pay more in taxes because they make more, and they will also be in a higher tax bracket,” she said. “It always surprises them how much they are now paying in taxes.”

To avoid this mistake, hire a tax professional or financial advisor to help with tax planning.

Making Big Ticket Purchases Without Considering Related Costs

“Some [affluent] people now want to buy bigger ticket items such as a more expensive car, or a home,” The problem, according to Knowles, is that these items also come with bigger costs, such as more taxes and higher insurance payments. Whenever Knowles’ clients make a major purchase, she advises them to discuss it with her first to calculate the overall cost. Knowles said.

TO READ MORE:  https://www.yahoo.com/finance/news/4-common-mistakes-affluent-americans-150403040.html

“Tidbits From TNT” Tuesday 3-10-2026

TNT:

Tishwash: Reuters: Trump is reviewing options today to control oil prices and maintain market stability.

Reuters, citing two sources familiar with the matter, reported that US President Donald Trump is expected to review a range of options today to control oil prices.

The sources explained that the options include “restricting oil exports, intervening in futures markets, and exemption from some federal taxes.”

For her part, the White House spokeswoman confirmed that “we have a strong plan in place to maintain the stability of the energy market.”  link

Tishwash: Political analyst: The Sudanese candidate is the most likely to win a second term after recent political developments.

Political analyst Haider Al-Humaidawi confirmed that Prime Minister Mohammed Shia Al-Sudani’s chances of renewing his term have become the highest at the present stage, in light of the recent political data and internal and external positions related to the file of the next government’s leadership.

Al-Humaidawi said that the political indicators circulating suggest that Al-Sudani has the best chance of leading the government again, especially after the messages that spoke of an American position that was not encouraging for the return of former Prime Minister Nouri Al-Maliki to the position, despite him being one of the most prominent competitors for the premiership.

He added that these developments also coincided with the clarification issued by the head of the Supreme Judicial Council, Faiq Zaidan, regarding the issue of the “largest bloc,” and the constitutional and political discussions it raised about the mechanisms for forming the next government.

Al-Humaidawi explained that there are other political factors within the coordination framework that enhance Al-Sudani’s chances, noting that some key forces within the coalition have expressed clear reservations about nominating Al-Maliki for the premiership.

He explained that the Sadiqun bloc and the Hikma movement expressed an unenthusiastic stance towards Maliki’s return to the premiership, which, according to his assessment, strengthens the chances of Sudani remaining in office during the next phase.

Al-Humaidawi pointed out that these political indicators make Al-Sudani, in his estimation, the closest candidate to lead the next government by a percentage of up to about 90%, especially in light of the efforts of the Coordination Framework forces to maintain the cohesion of the alliance and avoid entering into an early conflict over the position of Prime Minister.

He concluded by saying that current data suggests that al-Sudani may be "the man of the next phase," unless new political changes occur that reshuffle the cards within political alliances before the upcoming elections.  link

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

Tishwash: Liquidity crisis hits Iraq’s major state banks

"Security concerns" are driving Iraqis to withdraw their money from state-owned banks.

An informed source reported on Monday that state-owned banks in Iraq, particularly Rafidain Bank and Rasheed Bank, are suffering from a severe liquidity crisis and a shortage of cash, with a clear decline in the funds available within those banks.

The source told Shafaq News Agency that "citizens who have deposited money have been withdrawing their funds from government banks recently as a result of security concerns and developments in the region."

He added that these concerns stem from escalating regional tensions, particularly the war between the United States and Israel on one side, and Iran on the other, and the potential repercussions this could have on the security and economic situation in Iraq.

The source indicated that government banks are still suffering from problems resulting from administrative and legal violations in their work, as they have not witnessed serious steps to develop their banking systems in recent years, as they still rely heavily on paper procedures and traditional methods of work, far from adopting electronic systems and modern banking technologies.

According to him, the lack of efficiency and experience in the management of some government banks, especially Al-Rafidain and Al-Rasheed, along with the slow pace of modernization and development, contributed to their work remaining backward, which negatively affected the level of banking services and the citizens’ confidence in the government banking sector.

The source continued, saying that "some branches of government banks are asking customers to wait or come back later to receive their money in full, while some branches are providing part of the required amount and postponing the delivery of the rest."

This crisis comes amid economic conditions and financial pressures facing the relevant institutions and the government in general, which has directly affected a wide segment of citizens.

On February 28, the United States and Israel launched a series of raids on targets inside Iran, including the capital Tehran, resulting in significant damage and civilian casualties, in addition to the assassination of Iranian Supreme Leader Ali Khamenei and a number of Revolutionary Guard and Army commanders.

Iran responded to the "American-Israeli" attack, resulting in widespread repercussions in the countries of the region, including Iraq, Israel, Jordan, Kuwait, Bahrain, Qatar, the UAE and Saudi Arabia.  link

Mot: In-Laws

THE NEXT GLOBAL FINANCIAL COLLAPSE (EXPLAINED)

THE NEXT GLOBAL FINANCIAL COLLAPSE (EXPLAINED)

GoldSwitzerland by VON GREYERZ: 3-10-2026

Every monetary system in history has eventually collapsed. Now, we're approaching the end of the current dollar-based era.

In this video, Egon mentions what happens when a monetary system reaches its final stage and how holding physical gold and silver may be the only way to protect your savings.

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

Iraq Economic News and Points To Ponder Tuesday Afternoon 3-10-26

Opinion: US-Iran War To Shake Global Economy But Remain Short

2026-03-10   Shafaq News- Washington   The war between the United States and Iran will have broad repercussions for the global economic environment, a financial analyst told Shafaq News on Tuesday, suggesting the conflict is unlikely to last long.

According to analyst Peter Tanos, oil prices will remain elevated until political leaders reach a settlement. “The US financial system is capable of absorbing the current pressures, as its resilience allows it to withstand the war’s economic repercussions without posing a serious threat to financial stability.”

Tanos said that the US Federal Reserve faces a complex economic dilemma as employment data weakens while inflation risks rise due to the war. The Fed may opt to keep interest rates unchanged for the time being because cutting them to stimulate the economy could increase inflationary pressure.

“The dollar will remain the world’s leading reserve currency and a haven during geopolitical crises,” he indicated, noting that the dollar may face futures competition, but it is likely to remain the primary choice in global trade.

Regarding precious metals markets, Tanos said gold will continue to play its traditional role as a safe haven during periods of uncertainty, though he warned against excessive expectations of further gains. Prices surged over the past year, he noted, meaning the metal’s capacity for substantial additional increases may be limited.

Assessing the trajectory of the conflict, Tanos suggested that “the United States and Israel maintain complete air superiority over Iran and can target any location,” making Tehran’s ability to withstand such pressure limited over time. He predicted that initiatives to end the war could emerge within about a week as military and economic pressures intensify.  For Shafaq News, Mostafa Hashem, Washington, D.C.https://www.shafaq.com/en/Economy/Opinion-US-Iran-war-to-shake-global-economy-but-remain-short

Foreign Oil Companies Leave Iraq’s Akkas Gas Field Over Security Concerns

2026-03-10 Shafaq News- Al-Anbar  Foreign oil companies operating at Iraq’s Akkas gas field have begun temporarily leaving the site in Al-Anbar province pending a security assessment, a source in the Provincial Council told Shafaq News on Tuesday.

The companies decided to suspend their presence at the field less than two months after starting operational work, and the move will remain in effect until the security situation in the area is reassessed.

Days earlier, the US-based Gulf Keystone Petroleum halted operations at the Shaikan oil field in the Kurdistan Region as a precautionary measures, without specifying how long the suspension would last. A similar move was taken by Dubai-listed Dana Gas and Oslo-listed DNO.

Eighteen Chinese oil experts and workers from the US oil services company Weatherford, operating in the Rumaila oil field also decided to left Iraq “temporarily” through the Safwan border crossing in Basra province, however, a source told Shafaq News that due to a lack of prior coordination with Kuwaiti authorities the group is still at the crossing. https://www.shafaq.com/en/Economy/Foreign-oil-companies-leave-Iraq-s-Akkas-gas-field-over-security-concerns

Read more: Iraq’s oil lifeline under pressure: US-Iran war reshapes Baghdad’s economic calculus

Iraq Exports 6.5M Barrels Of Oil To US In February

2026-03-10 Shafaq News- Baghdad/ Washington  Iraq exported 6.552 million barrels of crude oil to the United States in February, the US Energy Information Administration (EIA) said on Tuesday.

According to the EIA, the volume declined from 7.037 million barrels exported in January, placing Iraq fourth among oil suppliers to the United States, behind Canada, Saudi Arabia, and Mexico. Iraqi shipments averaged 249,000 barrels per day in the first week of February, 371,000 bpd in the second, 160,000 bpd in the third, and 154,000 bpd in the fourth.

Among Arab exporters, Iraq placed second after Saudi Arabia, which shipped 15.176 million barrels, while Libya followed with 2.99 million barrels.   https://www.shafaq.com/en/Economy/Iraq-exports-6-5M-barrels-of-oil-to-US-in-February

Gulf Giants Slash 6.7M Barrels From Daily Output

2026-03-10   Shafaq News- Washington  Saudi Arabia, Iraq, the United Arab Emirates, and Kuwait have cut oil production by a combined 6.7 million barrels per day, about one-third of their total output, Bloomberg reported on Tuesday.

According to the data, Saudi Arabia reduced production by 2 million to 2.5 million barrels daily, while Iraq implemented the largest cut, lowering output by roughly 2.9 million barrels per day. The UAE trimmed production by 500,000 to 800,000 barrels, and Kuwait by around 500,000 barrels per day.

The cuts came as Iran’s Islamic Revolutionary Guard Corps (IRGC) declared it has “full control” over the chokepoint, while ship-tracking services showed dozens of tankers idling on both sides. The Strait of Hormuz handles roughly 4.5% of total global trade annually. Oil prices jumped more than 20% on Monday to their highest levels since July 2022, as tensions escalate and concerns mount over potential disruptions to energy supplies and shipping through the waterway.   https://www.shafaq.com/en/Economy/Gulf-giants-slash-6-7M-barrels-from-daily-output

Read more: Iraq’s lifeline under pressure: US-Iran war reshapes Baghdad’s calculus

Iraq Cuts 2.9M Bpd, Biggest Oil Production Reduction Globally

2026-03-10   Shafaq News- Baghdad   Iraq has cut its oil production by about 2.9 million barrels per day, making it the country with the largest production reduction globally amid the US-Israeli war with Iran and the closure of the Strait of Hormuz, an economic said on Tuesday.

In a statement, Nabil Al-Marsoumi noted that Saudi Arabia reduced its output by between 2 and 2.5 million barrels per day, while the United Arab Emirates cut production by about 800,000 to 900,000 barrels per day, and Kuwait by around 500,000 barrels per day. The combined reductions by these countries reached approximately 6.7 million barrels per day, equivalent to one-third of their oil production and about 6% of global supply.

Despite these cuts, oil prices fell below $90 per barrel, after the Group of Seven (G7) asked the International Energy Agency (IEA) to prepare plans to release emergency oil reserves to address supply shortages and rising prices.

https://www.shafaq.com/en/Economy/Iraq-cuts-2-9M-bpd-biggest-oil-production-reduction-globally

Iraq Moving Forward With Securing Oil Exports, Prime Minister’s Adviser Says

Baghdad – INA  Financial adviser to the Prime Minister, Muddher Mohammed Salih, affirmed on Tuesday that Iraq is proceeding with efforts to secure its oil exports in order to maximize revenues and address the budget deficit.

He also reviewed alternative export routes available to Iraq to confront geopolitical challenges, stressing that the continued flow of Iraqi oil is essential to secure 90 percent of state revenues.

Salih told the Iraqi News Agency (INA) that Iraq will continue exporting oil from both an economic and practical standpoint, even amid rising prices, noting that the Iraqi economy relies heavily on oil revenues, which account for more than 85–90 percent of public budget income.

He explained that the continuity of exports does not depend solely on price levels but on several key factors, most notably security stability along maritime export routes, particularly through the Strait of Hormuz, the logistical capacity of southern ports in Basra, and global demand for oil—especially from Asian countries such as China and India. He noted that higher prices provide Iraq with greater incentives to increase exports in order to maximize revenue.

Salih added that if oil prices remain elevated for an extended period, Iraq could potentially reduce or cover a large portion of the budget deficit, increase the government’s fiscal surplus, and strengthen the foreign reserves of the Central Bank of Iraq.

He indicated that this outcome depends on three main factors: daily production levels—estimated at 3–4 million barrels per day—high government spending within the budget, and compliance with production quotas under OPEC and the OPEC+ alliance.

He stressed that while higher prices are helpful, they are not the sole solution to the deficit, as Iraq’s structural economic problem lies in its near-total dependence on oil. He noted that if exports through the Gulf encounter security or geopolitical challenges, as is currently the case, Iraq possesses several alternative export routes.

Among these alternatives, Salih highlighted the pipeline through Turkey, specifically the Kirkuk–Ceyhan pipeline leading to the Turkish port of Ceyhan on the Mediterranean Sea, which reduces reliance on the Strait of Hormuz.

He also referred to exports via southern ports in Basra, including the Basra Oil Port and Khor Al-Amaya Port, which currently represent the primary outlets for Iraqi exports.

He further noted the proposed Iraq–Jordan pipeline project, which would extend to the Jordanian port of Aqaba, granting Iraq access to the Red Sea. In addition, he mentioned the possibility of future connectivity with Saudi Arabia through the revival of older export pipelines toward the kingdom and the Red Sea.

Salih pointed out that other alternatives include expanding domestic oil refining capacity by constructing new refineries to export petroleum products rather than crude oil alone. He also referenced the option of transportation by tanker trucks, noting that the availability of 20,000 tankers could theoretically transport more than three million barrels per day.

However, he stressed that using trucks to transport such volumes is economically impractical compared with pipelines or maritime shipping. According to studies, transporting three million barrels of crude oil per day by truck would require a convoy stretching approximately 500 kilometers, making the option largely unfeasible.

He added that the operational capacity of road transport would likely not exceed 10 percent, even toward destinations such as Aqaba in Jordan.

https://ina.iq/en/economy/46392-iraq-moving-forward-with-securing-oil-exports-prime-ministers-adviser-says.html

IEA Calls For An Emergency Meeting On Strategic Reserves

Today, 18:08   INA–Follow up   AFP reported on Tuesday that the International Energy Agency (IEA) has called for an emergency meeting regarding strategic reserves.

"The IEA has called for an emergency meeting regarding strategic reserves," according to the agency.

https://ina.iq/en/economy/46409-iea-calls-for-an-emergency-meeting-on-strategic-reserves.html

How To Make Sure A Windfall Lasts

How To Make Sure A Windfall Lasts

Moneywise    Sun, March 8, 2026

‘We are super screwed’: This couple spent a $171K inheritance in less than a year.

Inheriting a windfall may seem like a dream come true, but it can cause tremendous anxiety and guilt, and it can even leave you financially worse off.

For instance, Mike and Noel, both 34 and recently married, burned through a $171,000 inheritance in about a year. You can imagine how that left them feeling.

“We are super screwed,” Noel told Ramit Sethi on an episode of his podcast, I Will Teach You To Be Rich (1).

And it’s not like they are in dire circumstances. Mike earns a six-figure salary and is supporting Noel while she finishes law school — but they have always struggled with debt and money management, even before the inheritance.

While they used some of the inheritance to pay off debt, they quickly accumulated more: Noel spent $30,000 on furniture, $10,000 on clothes and $10,000 on a trip to Mexico. Mike purchased a hair transplant and Pokémon cards, which he considered an “investment.”

Now, they have $30,000 in assets, another $30,000 in investments and zero savings after spending the inheritance, but they are also $244,000 in debt, leaving them with a negative net worth of roughly -$200,000.

Because of it, Noel said she regrets treating the money like “guilt-free spending,” while Mike said he feels anxious and stressed, leading to tension and fights over finances.

While there are a lot of issues to unpack here — from Mike’s anxiety around money to Noel’s addiction issues — their situation demonstrates how quickly a windfall can disappear without clear priorities, budgeting and an investment plan. It also underscores the risks of lifestyle creep and impulsive spending.

If you’re in line for a significant financial windfall, here are some tips to make that inheritance last.

The Great Wealth Transfer

Even if you aren’t in line for multigenerational wealth, large inheritances might become more common than you think.

Through 2048, Gen X and millennials are projected to inherit $124 trillion in assets — what’s referred to as America’s Great Wealth Transfer — with Gen X expected to receive the largest share of assets over the next decade, according to the latest Cerulli Associates report (2).

However, the problem is that some heirs treat inheritances like regular income rather than long-term capital.

Part of the reason could be psychological. Noel, for example, inherited the money from her dad, with whom she had a difficult relationship. “He was an alcoholic and addict and was really not in my life, and so I had a lot of guilt [about inheriting his assets],” she told Sethi.

And she’s not alone. A Harris Poll report found that inheritances come with complex emotions: A third (33%) of younger recipients feel stress managing larger or more complex assets, and a similar share (34%) worry about mismanaging those assets (3).

According to the same report, while most inheritors feel grateful and relieved by newfound financial security, 20% feel pressure, 18% feel anxiety and 15% feel guilt.

This phenomenon is sometimes called Sudden Wealth Syndrome, a psychological condition affecting people who suddenly acquire wealth — through an inheritance, lottery, legal settlement or other windfall. Causes can include feeling disconnected from one’s previous life or an intense fear of losing it all.

These feelings can lead to decision paralysis or poor financial choices.

Making the most of an inheritance

In short, inheriting a windfall can be overwhelming. While a large inheritance can help you pay off debt and invest for the future, it can also be very tempting to go on a spending spree.

Friends and family might also offer unsolicited advice — regardless of whether you ask for it.

That’s why having a plan in place — one tailored to your specific circumstances — can go a long way in helping you make your inheritance last. Without one, even a six-figure windfall can quickly evaporate.

To Read More:  https://finance.yahoo.com/news/super-screwed-couple-spent-171k-121500075.html

FRANK26…3-9-26….BANK STORIES

KTFA

Monday Night Video

FRANK26…3-9-26….BANK STORIES

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=tDYFuQ4GTww

News, Rumors and Opinions Tuesday 3-10-2026

Ariel: The President has Given you Many Signs

3-10-2026

Are You All Paying Attention?

Security & Stabilization

Truth Social Prophecy Post (March 9, 2026): The direct quote “There shall be a break in the financial system in the Middle East, the DINAR! And then he shall say: why, WHY NOW?!

And once everything seems at their worst, I shall bring it forth, and I shall free them up. There shall be prosperity in a place you least expect it.” mirrors Clement’s exact wording on the Iraqi Dinar as a trigger for global wealth shifts.

In context of Iran’s instability (post-Khamenei succession chaos and U.S. strikes), this frames the “break” as imminent regime/oil/financial collapse in the region, with IQD as the beneficiary. And you are taking part in all of this as it unfolds.

How can people continue to deny this when the president of the United States is constantly giving you all of these hints?

Mark Savaya Photo (January 2026): U.S. Special Envoy to Iraq Mark Savaya (Iraqi-origin appointee) posted a photo of himself with Trump in a strategy session, showing an old Sadaam-era Iraqi 5-dinar banknote (or coin in some reports) prominently on the desk.

Caption: “A great day with the greatest.” This image went viral in dinar circles as a blatant symbol Trump physically handling/positioning pre-2003 IQD currency (Sadaam notes) signals intent to “restore” or elevate the dinar’s value.

Savaya’s role in U.S.-Iraq policy adds weight: his appointment ties to Trump’s Iraq strategy, and the photo implies high-level discussions involving currency legacy.

Broader Contextual Hints: Trump’s repeated emphasis on Middle East “prosperity” post-conflict, oil price stabilization promises, and demands for Iraqi alignment (via envoy channels) feed into dinar narratives.

No direct “RV announcement,” but the timing amid Iran war costs, regional financial strain, and U.S. leverage over Iraq creates the “worst” conditions Clement described.

1. Think about this If interpreted through the RV lens (a long-standing belief in a massive upward revaluation, often to 1:1 or higher with USD), these signals suggest Trump is positioning for or at least not opposing a currency reset tied to post-conflict reconstruction and resource realignment.

Read Full Article:   https://www.patreon.com/posts/president-has-do-152647954

https://dinarchronicles.com/2026/03/09/prolotario-the-president-has-given-you-many-signs/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat   The RV...will NOT happen until the issues with Iran are settled, per my CBI contact...We know this wealth transfer is coming and the RV is part of it...

Jeff   I want you to realize how close you are to the rate change.  When you look at this more from the angle of what they're doing versus what they tell you, you can see how close you are to the timing of the rate change.  When the war ends, they can quickly form the government...After the president is done and voted in there's only three pieces left.  Announcing the prime minister, the prime minister completing his cabinet and then a final parliamentary vote and approval on his cabinet...If they extend Sudani's term you get all three final remaining steps done which would allow them to potentially revalue in the remaining month of March.

Ariel   The narrative that banks are being prepared for a significant event is not new. Several individuals have come forward sharing their experiences from private meetings with bank management, where they’ve been told that banks are gearing up for a major change...The prospect of a currency revaluation, starting with Iraq, has significant implications for the global economy. It suggests a shift in the balance of power, with Iraq potentially emerging as a major player in the region. As the situation continues to unfold, it’s clear that security and stability will be crucial in determining the outcome...As the world watches with bated breath, one thing is clear: the currency revaluation is coming, and Iraq is likely to be at the forefront of this change. 

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

If Silver Fails To Deliver In March, The Whole Financial System Ends In 72 Hours! - Bill Holter

Financial Wisdom:  3-9-2026

https://www.youtube.com/watch?v=KGqHGSJ7TI0

Seeds of Wisdom RV and Economics Updates Tuesday Morning 3-9-26

Good Morning Dinar Recaps,

BRICS Currency Strategy Expands as Alliance Pushes to Challenge Dollar Dominance

Five major financial ambitions signal long-term plans to reshape the global monetary system

Overview 

The economic bloc known as BRICS is continuing to explore multiple pathways to reduce dependence on the U.S. dollar and build alternative financial infrastructure.

Following Western sanctions against Russia in 2022, BRICS nations accelerated discussions about currency cooperation, payment systems, and alternative settlement mechanisms.

While momentum slowed somewhat after pressure from Donald Trump, the alliance’s long-term financial ambitions remain intact.

From a potential shared currency to digital payment infrastructure, BRICS is developing five key monetary initiatives designed to gradually reshape global trade and finance.

Key Developments

1. A Proposed BRICS Common Currency

One of the most widely discussed initiatives is the potential creation of a shared BRICS currency for international trade settlement.

The idea involves developing a new unit of account that member nations could use for cross-border trade, reducing reliance on the U.S. dollar in international transactions.

Such a currency could:

• Facilitate trade between developing economies

• Reduce exposure to Western financial sanctions

• Strengthen economic integration among BRICS members

Although still in the conceptual phase, the proposal reflects growing interest in creating a parallel monetary system.

2. Expanding De-Dollarization Efforts

Another major objective is de-dollarization, a strategy aimed at reducing the role of the U.S. dollar in global trade and financial reserves.

Several BRICS members have already begun:

• Reducing dollar holdings

• Increasing gold reserves

• Conducting trade in non-dollar currencies

Countries across Asia, Africa, and Latin America are increasingly exploring similar policies as they seek to diversify financial risk and reduce exposure to Western sanctions.

3. Local Currency Trade Agreements

A more immediate and practical initiative involves expanding trade settlements using national currencies.

For example, trade between **China and Russia has already shifted dramatically toward local currency settlement.

Recent estimates suggest that more than 90% of trade between the two countries now occurs using the Chinese yuan and Russian ruble, bypassing the dollar entirely.

Expanding such arrangements among other BRICS members could significantly reduce the dollar’s role in emerging market trade.

4. Development of the BRICS Pay System

Another major initiative under discussion is BRICS Pay, a financial settlement system designed to connect central banks and financial institutions across member nations.

The system would allow:

• Direct bank-to-bank transactions

• Cross-border payments without relying on Western financial networks

• Faster and cheaper trade settlement

If implemented, BRICS Pay could function as an alternative to global payment systems that currently dominate international transactions.

5. Linking Central Bank Digital Currencies

The most technologically ambitious proposal involves connecting the central bank digital currencies (CBDCs) of BRICS nations into a unified settlement network.

The Reserve Bank of India has proposed linking digital currencies from BRICS central banks, potentially creating a shared digital settlement mechanism.

Such a system could allow participating countries to:

• Conduct instant cross-border transactions

• Reduce currency conversion costs

• Increase financial independence from traditional banking networks

The concept is expected to be discussed further at the upcoming BRICS summit in New Delhi.

Why It Matters

BRICS initiatives represent one of the most significant challenges to the existing global financial system in decades.

The current international monetary system remains heavily centered around the United States dollar, which dominates:

• Global trade settlements

• Central bank reserves

• International financial markets

Efforts to build alternative systems could gradually create a more diversified and multipolar monetary landscape.

Why It Matters to Foreign Currency Holders

For those watching global financial developments closely, the BRICS currency strategy highlights long-term structural changes underway in the international monetary system.

If these initiatives expand successfully, they could lead to:

• Greater use of non-dollar currencies in global trade

• Alternative settlement networks outside Western financial infrastructure

• New digital currency platforms connecting emerging economies

However, such transformations typically occur gradually over many years rather than through sudden change.

Implications for the Global Reset

• Pillar 1: Parallel Financial Infrastructure Emerging

BRICS initiatives show that major economies are actively exploring parallel financial architecture rather than relying solely on Western systems.

This includes:

• Alternative payment systems

• Local currency trade settlements

• New digital currency networks

Together, these efforts could gradually reduce the dominance of a single global financial center.

• Pillar 2: Multipolar Currency System

Instead of replacing the dollar outright, the emerging trend may lead to a multipolar currency environment where several major currencies and settlement systems coexist.

This type of system would likely feature:

• Regional financial blocs

• Multiple reserve currencies

• Diversified payment infrastructure

Such a shift would represent a structural transformation of global finance.

Conclusion

The five currency ambitions outlined by BRICS reflect a broader effort to reshape the global financial landscape.

From local currency trade to digital settlement systems, the alliance is exploring ways to build financial independence from traditional Western-dominated structures.

While these initiatives remain in various stages of development, they signal a clear strategic direction: the gradual construction of an alternative economic ecosystem alongside the existing global monetary system.

Whether the effort ultimately succeeds or not, the momentum toward a more diversified financial order is unmistakable.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — "5 BRICS Currency Ambitions"

• Reuters — "BRICS Nations Explore Alternatives to Dollar-Based Trade System"

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.    Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Tuesday Morning 3-10-26

USD/IQD Exchange Rates Slip In Baghdad And Erbil

2026-03-10 Shafaq News- Baghdad/ Erbil    The US dollar opened Tuesday’s trading lower in Iraq, hovering around 155,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,500 dinars per 100 dollars, down from the previous session’s 155,750 dinars.

In the Iraqi capital, exchange shops sold the dollar at 156,000 dinars and bought it at 155,000 dinars, while in Erbil, selling prices stood at 154,600 dinars and buying prices at 155,500 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-slip-in-Baghdad-and-Erbil-6

Gold Prices Climb In Baghdad, Erbil

2026-03-10 Shafaq News- Baghdad/ Erbil    On Tuesday, gold prices hovered around 1.13 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.130 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.126 million IQD. The same gold had sold for 1.110 million IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 1.100 million IQD, while the buying price reached 1.096 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.130 million and 1.140 million IQD, while Iraqi gold sold for between 1.100 million and 1.110 million IQD.

In Erbil, 22-carat gold was sold at 1.175 million IQD per mithqal, 21-carat gold at 1.121 million IQD, and 18-carat gold at 961,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-Erbil-2-2

Basrah Crude Tops $100 Mark In Rare Price Spike

2026-03-10 Shafaq News- Basrah   Iraq’s Basrah crude climbed on Tuesday, hovering near $100 a barrel, amid a decline in global oil markets.

Basrah Heavy crude rose 21.29% to $100.21 per barrel, while Basrah Medium crude gained 20.80%, reaching $102.16 per barrel.

Brent crude futures fell $4.17, or 4.2%, to $94.79 a barrel. US West Texas Intermediate (WTI) crude was down $3.81, or 4%, to $90.96 a barrel.  https://www.shafaq.com/en/Economy/Basrah-crude-tops-100-mark-in-rare-price-spike

Iraq–Iran Trade Continues At Shalamcheh Crossing Despite Explosions Across Border

2026-03-10 Shafaq News- Basra     Commercial traffic at the Shalamcheh border crossing in southern Iraq is continuing despite more than 20 explosions reported on the Iranian side of the border, a source at the crossing told Shafaq News.

Video footage captured by Shafaq News shows trucks and travelers continuing to move through the crossing, while flames can be seen rising from the Iranian side near the Iraqi border. Residents in Basra reported hearing a series of powerful explosions coming from across the border.

The crossing, located in Basra province in Iraq’s southern frontier with Iran, is one of the main trade gateways between the two countries, including for food supplies.

Head of Iraq’s Border Ports Authority, Lieutenant General Omar Al-Waeli, confirmed on Sunday that goods continue to enter Iraq around the clock without interruption, noting that border crossings have not been affected by the ongoing regional developments. The Ministry of Trade said the country’s food supply remains stable and under control, stressing that there are no signs of shortages in local markets following the recent US-Israeli strikes on Iran.

https://www.shafaq.com/en/Economy/Iraq-Iran-trade-continues-at-Shalamcheh-crossing-despite-explosions-across-border 

Iraq Avoids Force Majeure On Oil Exports Despite Production Collapse

2026-03-10    Shafaq News- Baghdad   Iraq has refused to declare force majeure on its oil export contracts despite a sharp drop in production during the US-Israeli war on Iran, seeking to avoid signaling that it has entered the conflict, economist Ahmed Saddam told Shafaq News on Monday.

Saddam explained that the government’s decision aims to protect long-term oil contracts, preserve Iraq’s reputation in global markets, and avoid any indication that Baghdad is a party to the war. “Declaring force majeure could be interpreted as Iraq entering the conflict, which the government does not want."

Force majeure clauses allow suppliers to suspend deliveries without penalties when extraordinary circumstances make exports impossible. Iraq’s oil production has fallen from about 4.3 million barrels per day before the war to roughly 1.3 million, according to the Iraqi Oil Ministry, after tanker traffic through the Strait of Hormuz collapsed following the escalation.   https://www.shafaq.com/en/Economy/Iraq-avoids-force-majeure-on-oil-exports-despite-production-collapse

Oil Prices Retreat Following Trump’s De-Escalation Comments

2026-03-10   Shafaq News   Oil prices fell on Tuesday after hitting an over three-year high in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.

Brent futures fell $4.17, or 4.2%, to $94.79 a barrel at 0345 GMT, while U.S. West Texas Intermediate (WTI) crude was down $3.81, or 4%, to $90.96 a barrel. Both the contracts fell as much as 11% earlier before paring some losses.

Oil surged past $100 a barrel on Monday to hit their highest since mid-2022, as supply cuts by Saudi Arabia and other producers during the expanding U.S.-Israeli war ⁠with Iran stoked fears of major disruptions to global supplies.

Prices later retreated after Russian President Vladimir Putin held a call with Trump and shared proposals aimed at a quick settlement to the Iran war, according to a Kremlin aide, easing concerns about a prolonged supply disruption.

Trump said on Monday in a CBS News interview that he thinks the war against Iran "is very complete" and that Washington was "very far ahead" of his initial four- to five-week estimated timeframe.

"Clearly Trump's comments about a short-lived war has calmed markets. While there was an overreaction to the upside yesterday, we think there is an overreaction to the downside today," said Suvro Sarkar, energy sector team lead at DBS Bank, adding that the market is underappreciating risks at these levels for Brent.

"Murban and Dubai grades are still well above $100 ⁠per barrel, so practically nothing much has changed in terms of ground realities," he added, referring to benchmark Middle Eastern oil grades.

In response to Trump, Iran's Islamic Revolutionary Guards Corps (IRGC) said they would "determine the end of the war," and Tehran would not allow "one litre of oil" to be exported from the region if U.S. and Israeli attacks continued, state media reported on Tuesday, citing the IRGC's spokesperson.

Prices, however, remain under pressure as Trump considers easing oil sanctions ⁠on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices, according to multiple sources.

"Discussions around easing sanctions on Russian oil, comments from Donald Trump hinting that the conflict could eventually de-escalate, and the possibility of G7 countries ⁠tapping strategic oil reserves all pointed to the same message - that oil barrels will somehow continue to reach the market," said Phillip Nova analyst Priyanka Sachdeva in a note on Tuesday.

"Once traders sensed that supply routes could still be maintained, the initial 'panic ⁠premium' that had pushed prices above the $100 mark yesterday started to fade, and oil prices quickly pulled back."

(Reuters)   https://www.shafaq.com/en/Economy/Oil-prices-retreat-following-Trump-s-de-escalation-comments

Reopening Of Most Border Crossings Between The Kurdistan Region And Iran

Money and Business    Economy News – Baghdad   The Kurdistan Region's Exporters and Importers Union announced on Tuesday the reopening of most border crossings with Iran, days after they were closed due to recent tensions between Iran, the United States, and Israel.

The union stated in a statement, which was reviewed by “Al-Eqtisad News”, that “the border crossings that were previously closed to trade with the region have been reopened again, with the exception of the Bashmakh crossing, which remained open and was not closed.”

The union explained in its statement that "the Shushmi-Tawila crossing was reopened on the eighth of this month, while the Siranband crossing was reopened on the evening of the ninth of the same month."

He added that "the Bashmakh border crossing is currently witnessing the entry of about 500 trucks daily loaded with transit goods and Iranian goods," noting that "the volume of imports coming from Iran is witnessing a gradual increase."

He explained that "most of the Iranian goods entering the region consist of foodstuffs, such as vegetables, fruits, dairy products and beverages of all kinds, as well as soft drinks, juices, chocolate and biscuits, in addition to other goods that were entering the region before the outbreak of the recent tensions."

According to the statement, other border crossings that are still closed are expected to reopen in the coming days.

https://www.economy-news.net/content.php?id=66582

The Civil Aviation Authority Announces The Extension Of The Closure Of Iraqi Airspace For (72) Hours

Money and Business   Economy News – Baghdad     The Civil Aviation Authority announced on Tuesday that it has extended the suspension of air traffic in the country's airspace for another 72 hours "as a temporary precautionary measure" due to the continued escalation of security tensions in the region.

The authority said in a statement received by “Al-Eqtisad News”, that “the closure of Iraqi airspace to all incoming, departing and transiting aircraft has been extended for (72) hours starting from 12:00 noon on Tuesday, March 10, 2026 (09:00 UTC) until 12:00 noon on Friday, as a temporary precautionary measure.”

She added that the decision comes "based on the ongoing assessment of the security situation and developments in the regional situation."

She noted that "the decision will be reassessed in light of new developments, with airlines and relevant parties being notified of any updates later."

On March 4, the Civil Aviation Authority extended the suspension of air traffic in the country's airspace for another 72 hours due to continued security tensions in the region.   https://www.economy-news.net/content.php?id=66580

MilitiaMan and Crew: IQD News Update-Convergence-Political-Economic-REER Focus

MilitiaMan and Crew: IQD News Update-Convergence-Political-Economic-REER Focus

3-9-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Follow MM on X == https://x.com/Slashn

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

https://www.youtube.com/watch?v=mjbp3roeZ6Y