Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 3-11-26

Good Afternoon Dinar Recaps

China Accelerates Yuan Internationalization as BRICS Expands Currency Influence

Beijing pushes global use of its currency for trade and cross-border payments

Overview 

China is intensifying efforts to expand the global role of the Chinese yuan, signaling a strategic push to reshape international financial flows.

During a recent announcement, Pan Gongsheng, governor of the People’s Bank of China (PBOC), confirmed that Beijing is actively pursuing the internationalization of the yuan to support cross-border trade and financial cooperation.

The initiative comes as the BRICS bloc continues exploring alternatives to the traditional Western-dominated financial system, even while slowing the pace of its earlier de-dollarization rhetoric.

China’s strategy focuses on expanding the yuan’s role in global payments, trade settlement, and financial infrastructure, particularly among emerging economies and BRICS partners.

Key Developments

1. China Moves to Expand Global Use of the Yuan

Governor Pan Gongsheng confirmed that China is gradually promoting the international use of the yuan as part of a broader financial reform strategy.

The effort includes:

• Simplifying cross-border yuan transactions

• Encouraging trade settlements using the Chinese currency

• Building alternative payment infrastructure

Chinese officials say the goal is to create a safer, more efficient, and diversified system for global payments, reducing dependence on existing financial networks.

This initiative represents a long-term effort to elevate the yuan’s role in international finance.

2. BRICS Trade Already Shifting Toward Local Currencies

The push for yuan internationalization aligns with broader trends inside the **BRICS alliance.

Trade between **China and Russia has already shifted dramatically toward local currency settlements.

Recent estimates indicate that roughly 90% of bilateral trade between the two countries now occurs using local currencies, largely bypassing the U.S. dollar.

This shift demonstrates how geopolitical tensions and sanctions are accelerating alternative payment arrangements.

3. China Seeks Wider Global Adoption

China is now looking beyond BRICS to expand the yuan’s global footprint.

According to the PBOC governor, Beijing is actively working with:

• European Union financial partners

• Brazil and other emerging economies

• Nations across the Global South

These discussions focus on increasing the yuan’s role in trade settlement and financial cooperation, particularly in regions seeking alternatives to traditional dollar-based systems.

4. Financial Reforms Supporting Yuan Expansion

China’s leadership has also indicated that greater financial liberalization will accompany the yuan’s global expansion.

For years, the Chinese currency was tightly controlled by authorities. Now, Beijing appears willing to gradually open financial channels to facilitate broader international usage.

Officials describe this process as part of China’s broader economic reform and global integration strategy.

5. BRICS Summit Could Advance the Plan

The issue of currency cooperation is expected to appear prominently at the next BRICS summit scheduled in New Delhi.

Because the BRICS alliance operates on consensus, any formal initiative involving currency integration would require agreement from all member nations.

However, China’s growing advocacy suggests the yuan could become a central pillar of BRICS financial cooperation in the coming years.

Why It Matters

China’s push to internationalize the yuan represents one of the most significant long-term shifts underway in the global monetary system.

The current system remains heavily dominated by the United States dollar, which accounts for the majority of:

• Global trade settlements

• Central bank reserves

• International financial transactions

Expanding the yuan’s global role could gradually diversify the currency landscape of international finance.

Why It Matters to Foreign Currency Holders

For those tracking global monetary developments, the yuan’s expansion highlights an emerging trend toward a more diversified currency system.

Potential implications include:

• Greater use of non-dollar currencies in global trade

• Alternative payment infrastructure connecting emerging economies

• Expanded financial cooperation across BRICS nations

However, major shifts in the global monetary system typically occur over long periods rather than through sudden changes.

Implications for the Global Reset

• Pillar 1: Diversification of Global Payment Systems

China’s efforts to expand yuan usage reflect a broader trend in which countries seek alternatives to traditional financial networks.

This includes:

• Local currency trade

• Cross-border payment innovation

• Regional financial cooperation

Such initiatives gradually reduce reliance on a single global currency.

• Pillar 2: Rise of Multipolar Monetary Influence

The expansion of the yuan within BRICS and emerging markets signals a move toward a more multipolar financial order.

Instead of one dominant currency, the future system could involve several major currencies playing regional and global roles.

This evolution may reshape trade dynamics, capital flows, and international financial governance.

Conclusion

China’s renewed push to internationalize the yuan demonstrates its ambition to strengthen the currency’s role in global trade and finance.

Through expanded payment systems, increased cooperation with emerging economies, and deeper integration within BRICS, Beijing is laying the groundwork for a more diversified international monetary system.

While the transition will likely unfold gradually, the direction is clear: global finance is entering a period of increasing currency competition and structural transformation.

And as alternative systems expand, the balance of monetary influence may slowly shift toward a more multipolar world.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — "BRICS Member China Announces Internationalization of the Chinese Yuan"

• Reuters — "China Pushes Yuan Internationalization Through Trade and Financial Cooperation"

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Thank you Dinar Recaps

Bruce’s Big Call Dinar Intel Tuesday Night 3-10-26

Bruce’s Big Call Dinar Intel Tuesday Night 3-10-26 

Transcribed By WiserNow Emailed To Recaps   (INTEL ONLY)

Welcome everybody tonight. it is Tuesday, March 10th  and you're listening to the big call. Thanks everybody for coming back  for yet another Big Call – Thank you Big Call Universe and everybody around us. We're going to have a really good teaching from Sue, I know, which will enlighten us all - right, after we pray the call in.

 Okay, I'm still on. Hopefully everybody is still on. We did get(a lapse in?) our recording, I think when we had a technical difficulty come through, so I'm going to just simply repeat the Intel so make sure everybody gets it  and hopefully we did not lose the entire first part of the call

It never happened to us before, but we had a glitch or something in our system, and we did lose the recording, evidently, because it prompted me to start a new recording.

So I'm just going to say the information that we received yesterday, primarily and today as well, said that final system checks are going on with the banks today that should have completed about 3:00 or 330 this afternoon.

The indication is that we will receive 800 numbers on Wednesday, which is tomorrow, and set appointments for exchanges to start on Thursday. We'll see if anything changes. If that's the case, great, we'll move forward with that.

 And I apologize that we evidently lost the first part of our call, but we will see if it can be restored or not.

And we thank everybody for listening. And I will not be available on the call on Thursday, but Sue and Bob will do the call without me on Thursday, and I will be back after that

So let's just believe for everything that we're hearing Intel wise to come through in God's perfect timing in Jesus name, Amen and Amen.

Bruce’s Big Call Dinar Intel Tuesday Night 3-10-26 REPLAY LINK   Length 57: 36

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Bruce’s Big Call Dinar Intel Thursday Night 3-5-26 REPLAY LINK   Intel Begins   1:17:17

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Bruce’s Big Call Dinar Intel Tuesday Night 3-4-26 REPLAY LINK   Intel Begins 1:13:20

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Bruce’s Big Call Dinar Intel Thursday Night 2-26-26 REPLAY LINK   Intel Begins   1:14:15

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Bruce’s Big Call Dinar Intel Tuesday Night 2-24-26 REPLAY LINK   Length 1:59:29

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Bruce’s Big Call Dinar Intel Thursday Night 2-19-26 REPLAY LINK   Intel Begins   57:47

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Bruce’s Big Call Dinar Intel Tuesday Night 2-17-26 REPLAY LINK   Intel 59:49

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Bruce’s Big Call Dinar Intel Thursday Night 2-12-26 REPLAY LINK   Intel Begins   1:04:50

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Bruce’s Big Call Dinar Intel Thursday Night 2-5-26 REPLAY LINK   Intel Begins   1:30:40

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Bruce’s Big Call Dinar Intel Tuesday Night 2-3-26 REPLAY LINK   Intel Begins   1:06:46

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“Tidbits From TNT” Wednesday 3-11-2026

TNT:

Tishwash: Al-Saadi: The new government may be formed after the Eid al-Fitr holiday.

Former MP Baqir al-Saadi confirmed on Tuesday that the formation of the next Iraqi government may take place after the Eid al-Fitr holiday.

Al-Saadi told Al-Maalomah, “Despite the current situation in the region, the aggression against Iran, and the repeated targeting of Popular Mobilization Forces units that resulted in martyrs and wounded, efforts to proceed with forming the government are ongoing and it is taking upon itself the management of these files and the endeavor to address the economic and financial crises.”

He added that “expectations indicate that after the Eid al-Fitr holiday, we may witness the formation of a new government, especially since all political forces have become aware of the seriousness of the situation and the need to join forces to resolve the outstanding issues.”

He explained that “the next two weeks could be crucial in finding clear paths to resolve the presidential issue, and then moving to the final stage of tasking the candidate of the largest bloc with forming the cabinet,” stressing that “political meetings in Baghdad are ongoing and may yield more positive results in the coming period.”  link

Tishwash: Rule of law: We will complete two-thirds within the framework if the Sudanese need it to secure a second term.

Diaa Al-Nasiri, a member of the State of Law Coalition, confirmed that the coalition will complete the two-thirds within the coordination framework if the current Prime Minister, Mohammed Shia Al-Sudani, needs it to finalize his nomination for a second term.

Al-Nasiri said on a television program: “If the Sudanese candidate gets a two-thirds majority, we are with him.”

The statement comes as no official statement has been issued by the framework announcing the withdrawal of Nouri al-Maliki’s candidacy, as the latter insists that the framework itself should withdraw, and that he will not back down.

A private source confirmed that understandings within the coordination framework to re-nominate Mr. Al-Sudani for a second term have been postponed for a few days, after it was planned to announce this at Monday’s meeting.  link

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Tishwash: 100 trillion dinars held in homes: Withdrawal restrictions fuel a "cash economy," but the central bank offers reassurance.

The New World

Confidence in the Iraqi banking sector is facing a critical test. While an economist warns that restricting withdrawals is fueling a “cash economy” and hoarding 100 trillion dinars in homes, the Central Bank rushed in an extraordinary session to reassure the markets, stressing the strength of the financial system and its ability to manage liquidity, in an attempt to bridge the gap between precautionary policies and depositors’ fears.

Loss of confidence in banks

Economic expert Haider Abdullah Asfour told Al-Alam Al-Jadeed on Tuesday (March 10, 2026) that “the inability of citizens to withdraw their money in full from banks causes significant damage to the banking sector and the economy in general,” explaining that “this is mainly due to the weakness of those in charge of this sector, their lack of experience, and the confusion in dealing with crises, which greatly affects the work of banks.”

Local news sites reported on Monday that Rafidain and Rasheed banks are suffering from a severe liquidity crisis and a shortage of cash, with a clear decline in the funds available within them.

Branches of the two banks have begun asking customers to wait or return later to receive their money in full, while some branches are providing part of the required amount and postponing the delivery of the rest.

Asfour explains that “one of the most prominent of these damages is the loss of confidence in the banking sector, as when a citizen cannot freely withdraw his money, he loses confidence in banks, which leads citizens to refrain from depositing their money in banks and prefer to keep cash at home instead of in banks.”

It is believed that “weak confidence also leads to a decline in bank deposits, as citizens begin to gradually withdraw their money from banks, which leads to a decrease in the volume of deposits and weakens the banks’ ability to lend and invest.”

Cash economy

He points out that “this also contributes to increasing the cash economy, as citizens keeping their money outside banks leads to an increase in cash circulation outside the banking system, which reduces the state’s ability to monitor financial and tax activity and the movement of funds that may be directed towards terrorism, support for extremist and terrorist groups, or corruption.”

He adds, “Among the repercussions is also the weakening of investment and development, as banks rely on deposits to finance projects, and when deposits decline, loans granted to small and medium enterprises decrease and economic growth slows down.”

Investors' reluctance

He continues, “Restricting withdrawals also leads to damage to the reputation of the banking system locally and internationally, as it harms the reputation of banks and leads to the reluctance of foreign investors and the difficulty for banks to enter into international partnerships.”

100 trillion dinars

Expert Asfour points to the existence of a large cash mass outside the banking system, saying: “The cash mass in Iraq amounts to about 100 trillion Iraqi dinars, which is equivalent to 75 to 76 billion dollars according to data from the Central Bank of Iraq at the beginning of 2026,” indicating that “about 70 to 90 percent of this cash is outside the banking system and in homes, which leads to a weakening of the credit role of banks.”

Asfour calls on decision-makers and those in charge of this “sector to reconsider the policies followed in a way that serves the Iraqi economy and the national interest and does not harm the interests of citizens and their confidence in the banking system.”

Iraqi market

The economist points out that “regional conditions, including the war between the United States and Israel on one side and Iran on the other, and what is related to the Strait of Hormuz and the halt in oil production, as well as the banks depositing about 117 trillion dinars with the Central Bank, in addition to the banks’ fears of the rise in the price of the dollar against the dinar, are all factors that have confused the Iraqi market.”

It also points to “practical problems faced by those dealing with banks, such as contractors who have payment vouchers issued by certain ministries and deposited with banks, but they face difficulty in receiving their money due to the lack of liquidity, which casts doubt on the banks’ ability and weakens confidence in them.”

Central Bank reassures

The Central Bank of Iraq confirmed on Monday that it continues to perform its constitutional and legal responsibilities in protecting monetary and financial stability and maintaining the strength and integrity of the banking system in Iraq.

The bank stated in a statement received by “Al-Alam Al-Jadeed” that the Central Bank’s Board of Directors held an extraordinary session to follow up on current economic and financial developments, review the most prominent macroeconomic indicators, and assess future expectations in light of local and international developments and the challenges or opportunities they may present to the national economy.

The statement added that during the meeting, the council conducted a comprehensive assessment of the monetary and financial market conditions, including an analysis of liquidity levels in the banking system and developments in the money supply, as well as a review of the levels of foreign reserves at the central bank.

The Council also reviewed financial stability indicators and the performance of the banking sector, in addition to monitoring foreign trade and payment flows, while assessing potential risks associated with regional and international economic variables and their potential repercussions on the Iraqi economy.

The council discussed a number of possible economic and financial scenarios for the next phase, focusing on how to enhance the flexibility of monetary policy and the sustainability of financial stability, and ensure the banking system’s ability to respond efficiently to the demands of economic activity.

Temporary shocks

Asfour affirms that “building a successful banking system requires an integrated and modern system that serves all parties,” stressing “the need to adopt economic policies that enhance confidence among investors and depositors instead of weakening it.”

He warns that “banks may be able to withstand temporary shocks, but they are required to look at the long term, enhance confidence, attract funds and investments, and encourage the localization of funds within banks through appropriate incentives and benefits, which will contribute to bringing the large monetary mass into the banking system and supporting financial stability in the country.”

Media sources revealed earlier (February 15, 2026) that the government was forced to withdraw about 20 trillion dinars from Al-Rafidain Bank, in addition to between 7 and 8 trillion dinars from Al-Rasheed Bank, as well as withdrawing about 7 billion dollars from another bank, along with sums of money from industrial and agricultural banks, in order to cover salaries during the past months. link

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Mot : Moms Truism

Coffee with MarkZ, joined by Andy Schectman. 03/11/2026

Coffee with MarkZ, joined by Andy Schectman. 03/11/2026

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy new day all !!

Member: Good morning Mark. Mods and all Dinarians around the Cosmos!!! Let's Gooooo!

Member: Mark, are we there yet?!? I’m running on “E” with this RV

MZ: It’s still painfully quiet. Would you like lettuce on your Nothing Burger?  Zilch , nada, nothing new on the bond side and the group side.

Member: They just need to rip off the bandaid.

MZ: There are a lot of folks sitting around like Cheshire Cats about what has occurred. But they won’t tell me what has occurred on the bond side. I do know that some are very excited.

MZ: Some of them are throwing around crazy rates on currency …like a Billion dollars for a box of dinar which equals a rate of about $25.00. But there is nothing I can prove or vet.

MZ: I think this number is way high. I still think we will see between $4 and $6 for dinar….and between $2 and $3 for the dong.

Member. Honestly, when it happens, I will be happy with what the rate is, it's soooo much more than what I have every had! :)

Member: I'll take $4.00 for Dinar and $2.00 for VND. I keep it simple, but really will be happy with whatever.

Member: What do you think the trigger is for us to go? The Iran conflict or Iraq to RV?

MZ: I think the Iran conflict is getting this thing off stuck. Then they won’t have to worry about re-funding this “Axis of evil”

MZ: My bond contacts are absolutely excited that this conflict is forcing things to happen.

Member: If this activity in Iran lasts longer will it become more imperative Iraq RVs to help them defend against any outflow from the Iran activities

 Member: The fact that Iraq hasn’t elected a president and seems to be on hold actually makes me feel better about things… feels like they’re waiting for something…

Member: Frank 26 read articles last night explaining the seating of the government and how close it is.

MZ: “Maliki divides the Coordination Framework into 3 wings and Amiri seeks to gather them inot a “Iftar Banquet” I am told they are going to get together this evening to settle this. Which should happen withing minutes…..we may have a decision by tomorrow.

Member: Articles say Putin may be leaving BRICS and using US dollars again?

MZ: Maybe BRICS has done its job by forcing the clean up of the banking and financial system?

Member: Remember what Kim Clement said, we will hear nothing, then Suddenly it happens

Member: Well, we have seen a whole lot of nothing. Really ready for “Suddenly”

Member: Everyone have a blessed day.

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his thoughts and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU FOR JOINING.  HAVE A BLESSED DAY.  SEE YOU IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!   FOR UPDATES ON MARK’S PODCAST GO TO: https://t.me/+b3hYhYlhKM1hYzcx

Youtube:     https://www.youtube.com/watch?v=qf2wsXdcvMc

News, Rumors and Opinions Wednesday 3-11-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Wed. 11 March 2026

Compiled Wed. 11 March 2026 12:01 am EST by Judy Byington

Judy Note: Because they were not Basil III compliant, Central Banks across the Globe have (allegedly) been forced to close – they just haven’t told you yet. They were freezing individual accounts along the way so it was advised to get your money out NOW.

Although, all individual accounts worldwide have (allegedly) been mirrored onto the new Quantum Financial System – that won’t (allegedly) be available to the general public until April. Stock up on food, water, cash and essentials to get you through.

Global Currency Reset:

Tues. 10 March 2026: Foreign currency and Zim Bond Holders in Tier4b (Us, the Internet Group) – watch for emails from Wells Fargo that will tell you how to set up your currency exchange/bond redemption appointment. …QFS Secrets on Telegram

Tues. 10 March 2026 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#:

A high source said if all goes well Tier4b (us, the Internet Group) should be notified to set exchange/redemption appointments by noon Wed. 11 March 2026.

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Tues. 10 March 2026 BREAKING: We’re getting close to the moment we’ve been waiting for. The final activation steps are anticipated to take place over the course of the next 24 to 48 hours. The start of the new financial era, which has been quietly developing behind the scenes, could be announced by official notifications at any time. …Tier4b ISO 2022 on Telegram

Worldwide activation: The live phase of the reset is rapidly approaching. Financial authorities and central banks from various regions are coordinating to confirm the changeover in unison. The new quantum-secured monetary system will start functioning publicly as soon as the switch is recognized.

Access Wallet: There will be detailed instructions on how to get into the QFS wallet. I’ll be one of the first to access the updated digital assets by logging in. The rollout may include secure system alerts or encrypted app updates, but because of the thorough planning that has already been done, it should be easy.

Resetting Finances: The wallet interface will instantly display new currency values. Automatic adjustments may be made to debts, balances, or legacy accounts. The quantum ledger will log every update, guaranteeing total transparency and verifiable transaction records.

Seamless Transition: Every previous trial has been successful. A fully offline, error-free quantum-safe transfer was one of the most recent test operations. It is anticipated that the transition will go smoothly and without major disruption because the infrastructure is stable and support teams are in place.

Everything is in order. The structure is prepared. A historic change in global finance is just a few hours away, so make sure your notifications are turned on.

Read full post here:  https://dinarchronicles.com/2026/03/11/restored-republic-via-a-gcr-update-as-of-march-11-2026/

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

Jeff   Article Quote:  "The goal is to reduce dependence on oil revenues which currently dominate the national budget"  Remember that is a World Trade requirement for Iraq, to have more than one revenue stream...They've got to have taxes...tourism...exports...All of this is required World Trade step to join...We've got to see the war end.  We've got to see Iraq finish the formation of the government...It can finish and form very quick and it can all happen in March...

Militia Man  Article quote:   "The US President warned January 27th if Maliki is reelected, America will no longer provide aid to Iraq."  Everybody in the whole country realizes that whatever aid they get and how important it may be that if the people [Parliament] decide to do it.  Remember the people [citizens] voted for Al-Sudani in bulk, not Maliki...

Frank26  I feel very good.  I feel very much at easy, very comfortable in what I'm seeing.  Many on the internet are thinking we have to wait until this war is over with.  No.  The reason I don't feel that way is because I feel this government is being formed.  And when they form the government, the next step is, 'Are you still going to play that game? Are  you going to leave it at 1310 and drain your reserves or are you going to continue...to obey Donald Trump the way you've been doing?'  Because if you are...the first thing on the agenda is what is going to make the rest of the budget work, a new rate.  If they don't change the rate, you can't do the budget...

What The Biggest Oil Disruption in History Means For Gold Prices

Daniela Cambone: 3-9-2026

"We are in a commodity bull market extending beyond precious metals to oil, gas, and agriculture," says Peter Boockvar, Chief Investment Officer at OnePoint BFG Wealth Partners and author of The Boock Report on Substack.

In an interview with Daniela Cambone, Bookbar sheds light on the future of oil, gold, and the private credit market.

He argues that the market is undergoing a major secular shift, warning that buying the dip in tech is risky because the market's foundation is changing.

He also emphasizes that gold's price pressure is due to short-term dollar dynamics and algorithmic trading, not a change in fundamentals.

When it comes to the Iran conflict, Boockvar emphasizes that while the situation is serious, the market's reaction hinges entirely on duration. "It all comes down to how long this lasts," he states, "and that's impossible to really game out."

https://www.youtube.com/watch?v=1QeKgNUJxwQ

Seeds of Wisdom RV and Economics Updates Wednesday Morning 3-11-26

Good Morning Dinar Recaps

IEA Considers Historic Oil Reserve Release as Middle East War Threatens Global Supply

Energy markets brace for emergency intervention amid fears of a prolonged oil shock

Overview

The global energy system may soon face its largest emergency intervention ever as the International Energy Agency (IEA) considers a record release of strategic oil reserves.

The proposal comes as the escalating conflict involving Iran, the United States, and Israel threatens energy flows from the Middle East, driving sharp volatility in oil markets.

If approved, the coordinated release could exceed the 182 million barrels deployed in 2022 following Russia’s invasion of Ukraine, making it the largest intervention in the history of global strategic petroleum reserves.

For global markets, the move reflects growing concern among major economies that the conflict could trigger a severe energy shock with worldwide economic consequences.

Key Developments

1. Emergency Energy Talks Convened

The International Energy Agency convened an extraordinary meeting of member states to discuss stabilizing global oil markets amid rising geopolitical tensions.

Officials are evaluating a record coordinated release of oil reserves, designed to inject additional supply into global markets and dampen price spikes.

Any release would require consensus among member governments, meaning that even a single objection could delay the decision. Negotiations therefore remain ongoing as countries assess their energy security positions.

2. Potential Release Could Break Historical Records

During the 2022 energy crisis triggered by the Ukraine war, IEA members collectively released about 182 million barrels of oil in two major rounds.

The current proposal could surpass that level significantly, reflecting the scale of concern about disruptions from the Middle East conflict.

Strategic petroleum reserves were designed for exactly these situations—allowing governments to temporarily increase supply during geopolitical emergencies.

However, such interventions are short-term stabilization tools rather than permanent solutions.

3. G7 Nations Signal Support

Political backing for the measure is growing among advanced economies.

Energy ministers from the Group of Seven indicated support for proactive steps to stabilize markets, including the possible use of strategic oil reserves.

The issue is expected to be discussed further during a meeting of G7 leaders chaired by Emmanuel Macron, who has called for coordinated action among major economies.

While the group has not yet formally approved the release, officials suggest broad consensus is forming around the need for intervention.

4. Strait of Hormuz Remains the Key Risk

The crisis is closely tied to instability surrounding the Strait of Hormuz, one of the most critical energy chokepoints in the world.

Under normal conditions, roughly one-fifth of the world’s oil supply passes through the strait, connecting Gulf producers with global markets.

Any prolonged disruption to shipping through this corridor could:

• Trigger major supply shortages

• Drive global oil prices significantly higher

• Place severe strain on the global economy

Even a massive reserve release may only temporarily offset supply disruptions if the conflict continues.

5. Outreach to Major Energy Consumers

Officials have indicated that discussions may expand beyond IEA members.

Diplomats are exploring possible coordination with major oil-consuming nations such as China and India to ensure broader market stabilization.

Such coordination would reflect the increasingly interconnected nature of global energy markets, where supply shocks affect both Western and emerging economies simultaneously.

Why It Matters

The consideration of a record strategic oil release underscores how serious the geopolitical energy threat has become.

Oil markets are reacting not only to actual disruptions but also to uncertainty about how far the conflict could spread.

When oil supply fears intensify:

• Energy prices surge

• Inflation pressures increase

• Stock markets become volatile

• Governments intervene to stabilize economies

Energy shocks therefore remain one of the fastest ways geopolitical crises spread into the global financial system.

Why It Matters to Foreign Currency Holders

For those monitoring global financial stability, oil price volatility carries major monetary consequences.

Energy price spikes can:

• Drive inflation worldwide

• Force central banks to tighten monetary policy

• Weaken currencies in energy-importing nations

• Strengthen commodity-linked economies

Strategic reserve releases can temporarily calm markets, but they also highlight how dependent the global economy remains on stable energy supply routes.

Implications for the Global Reset

• Pillar 1: Energy Supply as a Driver of Economic Instability

Energy disruptions have historically triggered major shifts in global economic policy and financial systems.

When oil supply becomes uncertain:

• Governments intervene in markets

• Strategic reserves become economic tools

• Energy security becomes a national priority

These forces often accelerate structural changes in global economic strategy.

• Pillar 2: Multipolar Energy Coordination

The potential coordination between IEA nations and major emerging economies highlights the evolving structure of global energy governance.

Instead of a single bloc managing supply crises, multiple economic centers are increasingly involved in stabilizing markets, reflecting a broader shift toward a more multipolar global system.

Conclusion

The International Energy Agency’s consideration of a record strategic oil release reflects the scale of the geopolitical threat now facing global energy markets.

While emergency reserves can help temporarily stabilize prices, their effectiveness ultimately depends on whether tensions in the Middle East begin to ease.

Until then, oil markets are likely to remain volatile as governments and investors navigate one of the most serious energy risks in recent years.

In today’s interconnected economy, when oil flows face disruption, the ripple effects extend across markets, currencies, and global financial stability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "IEA Considers Record Oil Release"

• Reuters — "IEA Discusses Strategic Oil Release Amid Middle East Supply Concerns"

~~~~~~~~~~

🌱 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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Iraq Economic News and Points To Ponder Wednesday Morning 3-11-26

Lower-Than-Average Demand For US Bonds

Money and Business    Economy News - Follow-up   The US Treasury Department announced the results of a series of auctions to sell $58 billion in three-year long-term bonds, with subscriptions for the offering falling below average.

The yield on the three-year US bonds was 3.579% of their nominal value, with a bid-to-cover ratio of 2.55 times.

Last month, the US Treasury sold $58 billion in three-year bonds, yielding 3.518% and with a coverage ratio of 2.62 times the offering value, according to the German news agency DPA.

It is worth noting that the coverage ratio is a measure of demand for bonds, indicating the size of the subscription compared to the size of the offering. The average coverage ratio in the last 10 offerings of three-year bonds was 3.63 times.

The U.S. Treasury Department is scheduled to announce today the results of a $39 billion 10-year bond offering and a $22 billion 30-year bond offering on Thursday. https://www.economy-news.net/content.php?id=66618

US Dollar Drops In Baghdad And Erbil Markets

2026-03-11 Shafaq News- Baghdad/ Erbil    The US dollar opened Wednesday's trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,850 dinars per 100 dollars, down from the previous session’s 155,500 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,350 dinars and buying prices at 153,250 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-drops-in-Baghdad-and-Erbil-markets-7

Gold Ticks Higher Ahead Of US Inflation Data

2026-03-11 Shafaq News   Gold edged higher on Wednesday on safe-haven demand and as a ‌retreat in oil prices calmed inflation worries, reviving expectations for potential Federal Reserve rate cuts this year as investors awaited U.S. CPI data that may offer more cues.

Spot gold was up 0.2% at $5,202.10 per ounce, as of 0525 GMT. U.S. gold futures for April delivery fell 0.6% to $5,211.

Oil prices dropped below $90 per barrel on reports of the International Energy Agency ⁠proposing the largest release of oil reserves in its history to curb surging prices.

"With these (inflation) concerns having eased... hedging and safe-haven attributes (of gold) has once again come to the fore. So, I think from current levels we remain optimistic," said Nikos Kavalis, Singapore managing director of Metals Focus.

The U.S. and Israel pounded Iran with what the Pentagon and the Iranians on the ground called the most intense airstrikes of the war, despite global markets betting that Trump will seek to end the conflict soon.

The war has effectively shut the Strait of Hormuz, a chokepoint for a fifth of ‌global ⁠oil and liquefied natural gas, stranding tankers for more than a week and forcing producers to halt output as storage fills, driving energy prices soaring.

Bullion, traditionally viewed as a safe-haven asset, has risen more than 20% so far this year, notching successive record highs amid heightened geopolitical and economic uncertainty.

"I think it's very likely ⁠that we'll see gold get to over $6,000 an ounce by the third or fourth quarter this year, probably even higher early next year," Kavalis said.

Markets are now awaiting the U.S. consumer price index for February, due ⁠later in the day, and the Personal Consumption Expenditures (PCE) index - the Fed's preferred inflation gauge - on Friday.

Investors expect the Fed to keep rates steady at the end of its two-day meeting on ⁠March 18 but still see atleast two rate cuts this year, per CME Group's FedWatch tool.

Spot silver edged 0.2% lower to $88.24 per ounce. Spot platinum rose 0.1% to $2,202.52, and palladium rose 0.9% to $1,669.82.   (Reuters)    https://www.shafaq.com/en/Economy/Gold-ticks-higher-ahead-of-US-inflation-data

Gold Prices Dip In Baghdad, Erbil

2026-03-11 Shafaq News- Baghdad/ Erbil   On Wednesday, gold prices hovered around 1.12 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 1.120 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.116 million IQD. The same gold had sold for 1.130 million IQD on Tuesday.

The selling price for 21-carat Iraqi gold stood at 1.090 million IQD, while the buying price reached 1.086 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.120 million and 1.130 million IQD, while Iraqi gold sold for between 1.090 million and 1.100 million IQD.

In Erbil, 22-carat gold was sold at 1.170 million IQD per mithqal, 21-carat gold at 1.117 million IQD, and 18-carat gold at 957,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-dip-in-Baghdad-Erbil-9   

Oil Prices Fall On Report Of Record IEA Reserve Release

Economy & BusinessBreakingGlobal Oil

2026-03-11 Shafaq News- Baghdad/ Erbil    Oil prices fell on Wednesday after a report that the International Energy Agency is considering the largest release of strategic oil reserves in its history to curb crude prices that surged during the US-Israel-Iran war.

Brent crude futures slipped 23 cents (0.26%) to $87.57 per barrel at 0023 GMT, while US West Texas Intermediate crude dropped 37 cents (0.44%) to $83.08 per barrel.    https://www.shafaq.com/en/Economy/Oil-prices-fall-on-report-of-record-IEA-reserve-release

Basrah Crude Remains Over $90 Amid Global Fall

2026-03-11   Shafaq News- Basra   Basrah crude prices fell on Wednesday alongside global oil markets, with Basrah Heavy dropping to $91.96 per barrel.

Basrah Heavy declined $8.25 (8.28%), while Basrah Medium fell $8.91 (8.8%) to $93.91 per barrel.

Oil prices eased following reports that the International Energy Agency is considering the largest release of strategic oil reserves in its history to cool prices that surged during the US-Israel-Iran war.

Globally, Brent crude stood at $87.57 per barrel, while US West Texas Intermediate traded at $83.08

https://www.shafaq.com/en/Economy/Basrah-crude-remains-over-90-amid-global-fall

Iraq Exports Over 11 Million Tons Of Petroleum Products In 2025

2026-03-11 Shafaq News- Baghdad    Iraq exported more than 11.4 million tons of petroleum products in 2025, according to the State Organization for Marketing of Oil (SOMO).

The figures showed that Iraq exported a total of 11,414,718 tons of refined petroleum products during the year, including 46,253 tons of jet fuel, 1,122,519 tons of naphtha, and 10,245,946 tons of fuel oil.

Despite being the second-largest crude oil exporter in the Organization of the Petroleum Exporting Countries (OPEC), Iraq both imports and exports some refined petroleum products due to limited and aging refinery capacity. Many of Iraq’s major refineries date back decades.

The Baiji refinery, with a capacity of 300,000 barrels per day, was largely destroyed during the war against ISIS, while the Dora refinery in Baghdad, with a capacity of 140,000 barrels per day, was built in the 1960s.

https://www.shafaq.com/en/Economy/Iraq-exports-over-11-million-tons-of-petroleum-products-in-2025

COMEX Stress, GLD Outflows, & Secret Gold Accumulation | Andy Schectman

COMEX Stress, GLD Outflows, & Secret Gold Accumulation | Andy Schectman

Liberty and Finance: 3-10-2026

Andy Schectman joins Liberty and Finance to warn that physical gold and silver inventories on major exchanges are being rapidly drained as large institutions stand for delivery and remove metal from the system.

COMEX silver now shows 9–10 times more paper contracts than available registered metal, while nearly 160% of February deliveries left the exchange entirely.

Meanwhile, the largest weekly outflow in the history of the GLD gold ETF suggests that major players may be redeeming shares for physical bullion instead of selling.

At the same time, stress is appearing in financial markets as BlackRock and Blackstone restrict withdrawals from private credit funds, raising questions about liquidity across the financial system.

Schectman argues that when trust begins to crack, investors stop asking about yield and start asking whether they can get their money back at all.

INTERVIEW TIMELINE:

0:00 Intro

2:00 Physical metal running dry

17:50 Metals vs fiat

21:39 Liquity crisis

30:00 Vault storage considerations

https://www.youtube.com/watch?v=_gaL5q8KbT8

FRANK26…3-10-26…2 GUESTS

KTFA

Tuesday Night Video

FRANK26…3-10-26…2 GUESTS

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#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=Lmi2-n8Br8k

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