FRANK26….5-21-26….A CBI FRIEND

KTFA

Thursday Night Video

FRANK26….5-21-26….A CBI FRIEND

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=emCxnd90ruU

Seeds of Wisdom RV and Economics Updates Thursday Evening 5-21-26

Good Evening Dinar Recaps,

China Expands Diplomatic Influence as Xi’s Possible North Korea Visit Signals Regional Realignment

Beijing appears to be strengthening its strategic position across Asia and the Middle East as geopolitical tensions and global energy instability continue reshaping the international order.

Overview

Reports surrounding a possible visit by Chinese President Xi Jinping to North Korea are drawing significant international attention as China increases diplomatic engagement across multiple geopolitical flashpoints.

At the same time, Pakistan is reportedly intensifying mediation efforts between the United States and Iran as tensions surrounding oil markets and the Strait of Hormuz continue threatening global economic stability.

Together, these developments point toward a broader strategic shift in which China and key regional powers are attempting to expand diplomatic influence during a period of growing fragmentation in the global financial and political system.

Key Developments

1. Xi’s Possible North Korea Visit Signals Strategic Messaging

International analysts say a potential visit by Xi Jinping to North Korea would carry major geopolitical significance.

A high level summit between Xi and North Korean leader Kim Jong Un would likely focus on:

• Regional security coordination

• Trade and economic cooperation

• Sanctions pressure

• Military deterrence in East Asia

• China’s role as a regional stabilizing power

The visit would also reinforce China’s influence over Pyongyang at a time when tensions remain elevated across the Korean Peninsula.

Observers believe Beijing is attempting to strengthen diplomatic leverage ahead of future negotiations involving the United States, regional security arrangements, and broader Asian trade dynamics.

2. China Continues Expanding Global Diplomatic Influence

The reports come shortly after Xi hosted both U.S. President Donald Trump and Russian President Vladimir Putin in Beijing during separate high profile meetings.

China appears increasingly focused on positioning itself as a central diplomatic power capable of engaging rival global actors simultaneously.

This strategy supports Beijing’s long term objective of building a more multipolar international system less dependent on traditional Western dominance.

Analysts say China’s growing diplomatic activity is closely tied to:

• Energy security

• Trade stability

• Currency diversification

• Supply chain protection

• Long term geopolitical influence

3. Pakistan Pushes Mediation Between U.S. and Iran

Meanwhile, Pakistan has reportedly increased diplomatic efforts aimed at reducing tensions between Washington and Tehran amid ongoing instability in the Gulf region.

Officials are believed to be encouraging a temporary framework focused on:

• Preventing further military escalation

• Stabilizing oil shipping routes

• Reducing risks around the Strait of Hormuz

• Reopening broader negotiations

The mediation efforts come as elevated oil prices continue pressuring global markets and increasing fears of prolonged inflationary shocks.

Pakistan’s involvement also highlights how middle powers are becoming increasingly active in regional diplomacy as global power structures shift.

4. Energy Security Remains Central to Global Stability

The ongoing focus on Iran, shipping routes, and regional diplomacy reflects the enormous importance of energy security to the global financial system.

The Strait of Hormuz remains one of the world’s most strategically important trade corridors, handling roughly one fifth of global oil and LNG shipments under normal conditions.

Any prolonged disruption threatens:

• Global inflation stability

• Central bank policy

• Currency markets

• Bond markets

• International trade flows

This is one reason major powers are increasingly linking diplomacy directly to economic and financial security.

Why It Matters

The global system is becoming increasingly shaped by geopolitical alliances, regional diplomacy, and strategic economic positioning.

China’s expanding diplomatic activity demonstrates how major powers are competing not only through military strength or trade, but also through mediation, infrastructure influence, and energy partnerships.

At the same time, rising tensions involving Iran and global oil markets continue exposing vulnerabilities within the international financial system.

Why It Matters to Foreign Currency Holders

Geopolitical instability tied to energy markets often creates major ripple effects across currencies, inflation, and sovereign debt markets.

Countries are increasingly preparing for:

• Greater financial fragmentation

• Alternative trade settlement systems

• Reduced dependency on Western financial institutions

• Diversification away from dollar centered trade structures

China’s diplomatic expansion and the broader realignment across Asia and the Middle East may accelerate these long term shifts.

Implications for the Global Reset

• Pillar 1: Diplomacy Is Becoming Economic Strategy

Major powers are increasingly using diplomacy to secure energy flows, trade corridors, and long term financial influence rather than relying solely on military or economic pressure.

• Pillar 2: Multipolar Power Structures Continue Emerging

China, Russia, BRICS nations, and regional powers are steadily building influence outside traditional Western dominated systems, accelerating the transition toward a more decentralized global order.

This is not just geopolitical maneuvering — it is part of the broader restructuring of global power, trade, and financial influence.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “China and North Korea strengthen ties amid regional tensions”

• Reuters — “Pakistan urges diplomacy as Iran tensions threaten oil markets”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Thursday Evening 5-21-26

Washington Sanctions Lebanese Officials In Hezbollah Crackdown

2026-05-21 Shafaq News- Washington/ Beirut   The United States on Thursday sanctioned Lebanese lawmakers, security officials, and Iran’s ambassador to Beirut over alleged support for Hezbollah.

The sanctions targeted Hezbollah MPs Mohammad Raad, head of the group’s parliamentary bloc, Hassan Fadlallah, and Amin Sherri, as well as Ambassador Mohammad Reza Raouf Sheibani and several Lebanese security and financial figures accused by Washington of using their positions to support Hezbollah and undermine Lebanese sovereignty.

Washington warned the measures were “only the beginning,” vowing to pursue individuals and entities that continue to provide political, financial, or security cover for the group. The US State Department’s “Rewards for Justice” program also announced a reward of up to $10 million for information leading to the disruption of Hezbollah financing networks.

The United States has repeatedly targeted Hezbollah-linked political, financial, and commercial networks in Lebanon and across the region. In March, the Treasury Department sanctioned a global network accused of funneling more than $100 million to the group through companies operating in Lebanon, Syria, and other countries.

Read more: Ceasefire without sovereignty: how Lebanon's fragmented power blocks a peace with Israel

https://www.shafaq.com/en/Middle-East/Washington-sanctions-Lebanese-officials-in-Hezbollah-crackdown

Hezbollah Calls US Sanctions An "Honor"

2026-05-21 Shafaq News- Beirut   Hezbollah dismissed a new round of US sanctions targeting Lebanese lawmakers, military officers, and officials from both Hezbollah and the Amal Movement, calling the measures an attempt at intimidation that would have no practical effect on the group's choices.

The sanctions, the group said in a statement, were designed to "reinforce aggression and give it a political boost" after Washington failed to deter the Lebanese from exercising what Hezbollah described as their legitimate right to resistance.

Hezbollah framed the designations as "a badge of honor on the chest of those included" and further confirmation that the group's path was correct.

Read more: How Lebanon's fragmented power blocks a peace with Israel

https://www.shafaq.com/en/Middle-East/Hezbollah-calls-US-sanctions-an-honor

Iraq’s Federal Court to hear challenge to Al-Zaidi premiership

2026-05-21 Shafaq News- Baghdad   Iraq’s Federal Supreme Court, the country’s highest judicial authority, on Thursday set July 1 as the date for its first hearing in a lawsuit challenging the legality of Prime Minister Ali Al-Zaidi’s appointment, marking the first formal constitutional challenge to his mandate since taking office.

 Raed Al-Maliki, the former lawmaker who filed the case, said in a statement that he had received the official court notification by email along with the response submitted by the legal representative of President Nizar Amedi.

 The presidential response argued that the plaintiff lacked the necessary legal interest to pursue the case and that the dispute was improperly directed at the presidency because Al-Zaidi’s nomination originated from the Shiite Coordination Framework (CF), the country’s largest parliamentary bloc, rather than the president himself.

f     ‎د. رائد المالكي / نائب مستقل‎'s Post

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

We were officially informed by the Federal Supreme Court that on Wednesday, 7 / 1 a date for the first session to consider the numbered claim (152 / Federal / 2026) the appeal of the health of Mr. Ali Al-Zaidi as Prime Minister.

We have received the official notification via e-mail, attached with it the responsive bill to the representative of the President of the Republic on the claim filed by Dr. Raed Al-Malki, and the following statement included:

- Payment by not availing interest at the appeal Dr. Raed Al-Malki

- Payment by not directing the opposition, that the assignment was done by the most numerous parliamentary unit and not by the President of the Republic.

- Defended the availability of political experience of the candidate, Mohtja, that he has connections to the political media, in addition to the fact that he owns a "Degla" space channel that deals with and transmits political matters.

- The representative of the President confirmed that whoever holds such a position should concede the interests he possesses after assuming the position because of the conflict of interests, and otherwise he will be held accountable.

We would like to emphasize our adherence to continuing the claim and attending its sessions, a response list will be submitted to the payment of the President's agent, and we tolerate not to respond to the claim under the pretext of not having personal interest, because the appeal of the health is a decree that the Prime Minister is a public lawsuit that is not applicable to private claims.

The respone also defended Al-Zaidi’s political qualifications, citing his ties with political circles and ownership of Dijlah TV, a satellite channel focused on political affairs. 

According to the filing, the president’s legal representative further argued that officials assuming senior state positions are required to relinquish private interests after taking office in order to avoid conflicts of interest, warning that failure to do so could expose them to legal accountability. 

Al-Maliki also filed a separate complaint with Iraq’s Integrity Commission, accusing Al-Zaidi and Electricity Minister Ali Saadi Wahib of conflicts of interest linked to alleged ongoing business and financial dealings involving state institutions.   https://shafaq.com/en/Iraq/Iraq-s-Federal-Court-to-hear-challenge-to-Al-Zaidi-premiership

Ali al-Alaq: Central Bank Participation in Budget Drafting Is Essential

Ali Mohsen al-Alaq, Governor of the Central Bank of Iraq (CBI)

The Governor of the Central Bank of Iraq (CBI) stressed the need for stronger coordination between fiscal and monetary policy, stating that the bank’s involvement in budget preparation helps prevent an economic gap.

Coordination Between Fiscal and Monetary Policy

CBI Governor Ali al-Alaq said that the participation of the Central Bank in drafting the state budget is essential to ensure complementarity between fiscal and monetary policies.

He noted that such coordination helps prevent economic disparities and strengthens long-term fiscal and monetary stability.

Role of the Central Bank in Economic Policy

Al-Alaq explained that the Central Bank has detailed indicators and data on cash flow, foreign reserves, and money supply levels. Therefore, it must play a key role in shaping the country’s overall economic policy alongside the fiscal policies implemented by the government and the Ministry of Finance.

He also emphasized that a lack of coordination directly affects prices and inflation levels.

Toward a More Balanced Budget Framework

Al-Alaq stated that coordination between the two institutions would lead to a more realistic and balanced budget capable of responding to economic changes.

These remarks come as the Iraqi government has yet to prepare the 2026 budget, with indications that a budget law for this year is unlikely.

Al-Zaidi Emphasizes Economic Reforms and Stability Initiatives

In his first official address after becoming prime minister, Ali Faleh al-Zaidi underlined that one of the “top priorities” for his government is initiating a comprehensive economic and financial reform program.

He highlighted the program aims at "building a strong, diversified, and sustainable national economy that does not rely on a single resource.”

Al-Zaidi also chaired a meeting of the Financial Stability Council earlier this week with the CBI governor and the minister of finance, during which he underscored the importance of making financial decisions that support stability in a way that positively impacts the government’s development, service, and economic plans.

Ali al-Alaq: Central Bank Participation in Budget Drafting Is Essential

https://channel8.com/english/news/58421

Al-Zaydi directs the mobilization of electricity staff to increase supply hours and reduce summer outages

Baghdad - One News    5/21/2026  During a visit to the Ministry of Electricity headquarters in Baghdad, Prime Minister Ali Faleh al-Zaidi stressed the importance of the energy file as one of the most prominent aspects of the government’s plans to develop the electricity sector and improve the stability of the national grid during the summer months.

 Al-Zaydi chaired a meeting of the ministry’s senior staff to follow up on projects and plans to increase energy production and improve the transport and distribution sectors, stressing the government’s keenness to support the ministry’s efforts to stabilize electricity supply and reduce outage hours. 

The Prime Minister directed the staff of the Ministry of Electricity to mobilize work and efforts in all departments and divisions, with the aim of increasing supply hours, reducing loads and minimizing power outages during the summer peak season.

Al-Zaydi stressed the government’s commitment to implementing strategic plans to find radical solutions to the electricity crisis, ensuring that Iraq reaches stable levels in the energy sector, similar to other countries in the world, and ending the suffering of citizens with power outages in the future.

https://1news-iq.net/الزيدي-يوجه-باستنفار-ملاكات-الكهرباء/

Al-Mada News: The Sudanese Coalition Got Rid Of The Burden Of Armed Groups With The Defection Of “Al-Fayyad And Al-Asadi,” And The American Role With Al-Zaidi Is Clear

Baghdad - One News    5/21/2026   Al-Mada newspaper reported that nine out of twelve leaders within the coordination framework officially signed the nomination of Prime Minister Ali al-Zidi, and he also received the vote of more than half of the members of parliament, indicating the formation of a political bloc supporting him, estimated to be around 170 seats. 

She added that the coalition got rid of the biggest burden of militants, after the head of the Popular Mobilization Forces, Faleh al-Fayyad, and the leader of Jund al-Imam, Ahmed al-Asadi, (all IRI factions) defected from the bloc of former Prime Minister Mohammed Shia al-Sudani. 

The source indicated that the remaining armed groups have begun taking serious steps towards disarmament,  most notably Asaib Ahl al-Haq, led by al-Khazali, which was denied ministries in the first phase, hoping to obtain portfolios in the second ministerial formation after the Eid holiday.

https://1news-iq.net/المدى-ائتلاف-السوداني-تخلص-من-عبء-المس/

Dollar Stabilizes In Baghdad And Erbil At The Closure

2026-05-21Shafaq News- Baghdad/ Erbil    The US dollar closed Thursday’s trading in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,600 dinars per 100 dollars, unchanged from the previous session.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,400 dinars.

Gold Prices Climb In Baghdad And Erbil Markets

2026-05-21 Shafaq News- Baghdad/ Erbil   On Thursday, gold prices hovered around 970, 000 IQD per mithqal in Baghdad and Erbil markets, continuing their upward trend, according to Shafaq News Agency survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 970,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 966,000 IQD. The same gold had sold for 965,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 940,000 IQD, with a buying price of 936,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 970,000 and 980,000 IQD, while Iraqi gold sold for between 940,000 and 950,000 IQD.

In Erbil, 22-carat gold was sold at 1,021,000 IQD per mithqal, 21-carat gold at 975,000 IQD, and 18-carat gold at 835,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-and-Erbil-markets-7-7

The 80% Deflationary Crash: How The Next Wipeout Triggers 25% Inflation | David Hunter

The 80% Deflationary Crash: How The Next Wipeout Triggers 25% Inflation | David Hunter

Kitco News:  5-21-2026

Is the final parabolic melt-up finally here?

David Hunter, Chief Macro Strategist at Contrarian Macro Advisors, joins Jeremy Szafron to break down the mechanics of the market's "final blow-off" and the 80% deflationary bust he predicts will follow.

As the S&P 500 pushes into record territory, Hunter explains why he believes we could see the market top as early as Labor Day.

In this deep dive, we examine the hidden leverage in private equity, the potential for a $20 trillion Fed bailout, and why incoming Fed Chair Kevin Warsh is facing an "inflation bind" created by the AI infrastructure boom.

Is your portfolio ready for the 80% wipeout—and the 25% inflation that Hunter expects to follow in the 2030s?

Watch until the end for Hunter’s exact exit signal to watch before this 44-year bull market ends. Recorded May 20 2026

0:00 - The Parabolic Melt-Up Timeline

3:00 - Where is the Monetary Fuel?

5:00 - $2 Trillion Deficits vs. Deflationary Bust

7:30 - Identifying Market Cracks (Private Equity/Credit)

9:30 - Gold and Silver Cycle Targets ($6,800 / $180)

15:00 - Precious Metals: Physical vs. ETFs

19:00 - Central Bank Gold Accumulation

23:30 - Industrial Silver: Substitution & Demand Destruction

25:00 - The Bond Maturity Wall & Inflation

33:00 - Where does the 80% bust start? (Offshore triggers)

43:00 - Mining Sector: The Next Dot-Com Bubble?

53:00 - The Accountability Check: What proves this wrong?

55:30 - The Exact Exit Signal to Watch

https://www.youtube.com/watch?v=CP7ap7M8UCY

MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq Reforms: Powerful Convergences & Integration Momentum-REER Readiness

MilitiaMan & CREW IRAQ DINAR UPDATE-Iraq Reforms: Powerful Convergences & Integration Momentum-REER Readiness

5-21-2026

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

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

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=xI5eaLnY8Wg

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 5-21-26

Good Morning Dinar Recaps,

Oil Shock, AI Rivalry, and Global Debt Pressures Collide as Financial System Faces New Strains

Rising geopolitical tensions, surging energy prices, and intensifying U.S.-China competition are placing fresh pressure on the global financial system and accelerating the shift toward a more fragmented economic order.

Overview

Global markets are increasingly being pulled in multiple directions as investors attempt to navigate a rapidly changing financial landscape shaped by energy instability, AI driven market concentration, rising sovereign debt pressures, and geopolitical fragmentation.

Oil prices remain elevated above $100 per barrel amid continued tensions surrounding Iran and the Strait of Hormuz, while the United States and China continue competing for dominance in artificial intelligence, critical supply chains, and global trade influence.

At the same time, G7 finance leaders are warning about deepening structural imbalances in the world economy, particularly linked to debt sustainability, inflation risks, and China's export expansion.

Analysts say the convergence of these pressures could significantly reshape global capital flows, trade relationships, and long term currency dynamics.

Key Developments

1. Oil Prices Stay Elevated as Hormuz Risks Continue

Global energy markets remain under pressure as ongoing instability involving Iran and the Strait of Hormuz continues disrupting shipping flows and raising fears of supply shortages.

Brent crude has remained above the psychologically important $100 per barrel level, fueling inflation concerns across major economies and increasing pressure on central banks to keep interest rates elevated.

Financial markets are closely watching the situation because roughly one fifth of global oil and LNG shipments normally pass through Hormuz, making any disruption highly significant for the world economy.

2. AI Boom Continues Driving Market Concentration

Despite geopolitical instability, global stock markets continue being heavily supported by optimism surrounding artificial intelligence investment and technology expansion.

Major technology firms tied to AI infrastructure, semiconductors, and data systems are increasingly dominating global equity performance, creating concerns about excessive market concentration and overvaluation.

The United States is simultaneously expanding financial support for AI exports while tightening restrictions on advanced technologies flowing to China, intensifying the broader technology rivalry between Washington and Beijing.

3. G7 Warns About Structural Global Imbalances

Finance leaders from the G7 are increasingly focused on what they describe as dangerous structural imbalances in the global economy.

Officials have warned about:

• Rising sovereign debt burdens

• Persistent inflation pressures

• Trade distortions

• Weak global demand balance

• China’s growing export dominance

U.S. Treasury Secretary Scott Bessent reportedly urged allies to confront the long term effects of China's industrial overcapacity and export driven economic strategy.

Analysts warn these imbalances could eventually trigger broader financial market corrections if left unresolved.

4. Financial Markets Face Growing Fragmentation

The combination of energy insecurity, technological competition, sanctions pressure, and industrial policy is contributing to a more politically driven global economy.

Countries are increasingly restructuring supply chains, building alternative payment systems, diversifying reserve assets, and reducing dependence on traditional Western financial frameworks.

This ongoing fragmentation is gradually reshaping:

• Global trade settlement systems

• Currency reserve strategies

• Commodity pricing mechanisms

• Investment allocation patterns

• Technology standards and infrastructure

Why It Matters

The world economy is no longer operating under the same assumptions that dominated globalization over the past several decades.

Instead of efficiency and integration, governments are increasingly prioritizing:

• Economic security

• Supply chain resilience

• Energy independence

• Technological sovereignty

• Strategic financial positioning

These shifts are creating a more fragmented and competitive international system where geopolitics now plays a direct role in market behavior and monetary stability.

Why It Matters to Foreign Currency Holders

The continued rise in oil prices, debt burdens, and geopolitical tensions could place additional long term pressure on fiat currencies worldwide.

Meanwhile, ongoing de-dollarization efforts, reserve diversification into gold and commodities, and competing payment systems suggest that many countries are preparing for a more multipolar financial environment.

Currency holders may increasingly see:

• Higher market volatility

• Greater inflation sensitivity

• Shifting reserve currency dynamics

• Increased geopolitical influence on global trade

Implications for the Global Reset

• Pillar 1: Energy and Debt Are Reshaping Financial Stability

Rising oil prices combined with mounting sovereign debt burdens are placing strain on governments, bond markets, and central banks simultaneously.

• Pillar 2: The Global Economy Is Splitting Into Strategic Blocs

The U.S., China, BRICS nations, and Western allies are increasingly competing across energy, finance, AI, and trade infrastructure — accelerating the transition toward a multipolar world order.

This is not simply market volatility — it is a restructuring of global economic power, trade flows, and financial influence.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Exclusive: Bessent says G7 aims to confront China with imbalances data”

• Reuters / GMA News — “Oil over $100 a barrel as Trump meets Xi, world stocks hit record high due to AI

~~~~~~~~~~

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 Thursday Afternoon 5-21-26

Oil Prices Rally Following US Strategic Reserves Drop

2026-05-21   Shafaq News   Oil prices edged up on Thursday, paring some previous losses as investors monitored peace talks between the U.S. and Iran, while supply tightness and U.S. inventory drawdowns provided some support.

Brent crude futures rose 78 cents, or 0.74%, to $105.80 a barrel by 0341 GMT, and U.S. West Texas Intermediate futures were up 84 cents, or 0.85%, at $99.10.

Both benchmarks dropped more than 5.6% on Wednesday to an over one-week low after U.S. President Donald Trump said negotiations with Iran were in the final stages, but also threatened further attacks if Tehran did not agree to a peace ⁠deal.

"The oil market remains overly sensitive to Iran-related headlines, with participants continuing to pin considerable hope on reports that talks between the U.S. and Iran are progressing," ING analysts said in a note on Thursday.

"We’ve been in this situation multiple times before, which ultimately led to disappointment," they added, forecasting the Brent price would average $104 per barrel in the current quarter.

Iran warned against further attacks and announced steps entrenching its control of the crucial Strait of Hormuz, which before the war carried oil and liquefied natural gas shipments equal to about 20% of global consumption but has been mostly closed.

On Wednesday, Iran announced a new "Persian Gulf Strait Authority," saying there would be a "controlled maritime zone" in the Strait of Hormuz.

Iran effectively ⁠closed the strait in response to the U.S. and Israeli attacks that started the war on February 28. Most of the fighting has stopped since an April ceasefire, but while Iran is limiting traffic through Hormuz, the U.S. has blockaded its coastline.

The supply losses from the key Middle Eastern region because of the war have forced countries to pull from their commercial and strategic inventories ⁠at a rapid rate, raising concerns about draining them.

The U.S. Energy Information Administration said on Wednesday the country withdrew nearly 10 million barrels of oil from its Strategic Petroleum Reserve last week, the biggest drawdown on record.

Underlining the impact of the supply disruptions in the ⁠Middle East was EIA data showing a bigger-than-expected decline in U.S. crude oil inventories last week.

"The drawdown in oil inventories will make it difficult for oil prices to remain low," said Mingyu Gao, chief researcher for energy and chemicals at China ⁠Futures.

"With the Strait of Hormuz blocked, global refined-product and onshore crude inventories are expected to fall below their lowest levels for this time of year in the past five years by late May and late June," Gao said.

(Reuters)  https://www.shafaq.com/en/Economy/Oil-prices-rally-following-US-strategic-reserves-drop

Basrah Crude Drops Despite Global Oil Rise

2026-05-21Shafaq News- Basrah    Basrah crude slipped by less than 1% on Thursday, diverging from broader gains in global oil markets.

Basrah Heavy crude lost 76 cents, or 0.71%, to $106.85 per barrel, while Basrah Medium crude declined 0.69% to $108.95 per barrel.

Despite the drop, Iraqi crude prices remained above several Gulf benchmarks. Dubai crude stood at $105.34 per barrel, Oman crude at $106.36, Qatar Marine at $105.60, and UAE Das crude at $105.85. However, some Gulf grades traded at higher levels, with Kuwaiti crude standing at $123.62 per barrel, Saudi Arab Light registering at $116.96, and Arab Medium recording at $115.21.

Globally, Brent crude gained 0.74%, adding 78 cents to reach $105.80 a barrel. US West Texas Intermediate (WTI) rose 0.85%, reaching $99.10. https://www.shafaq.com/en/Economy/Basrah-crude-drops-despite-global-oil-rise

Gold Losses Capped By US-Iran De-Escalation Hopes

2026-05-21 Shafaq News   Gold edged lower on Thursday as higher Treasury yields and a firm dollar weighed on the metal, while hopes of a resolution to the U.S.-Iran conflict limited losses.

Spot gold was down 0.3% at $4,528.03 per ounce, as of 0611 GMT. Bullion had gained more than 1% on Wednesday after falling to its lowest level since March 30 earlier in the day.

U.S. gold futures for June delivery fell 0.1% at $4,528.90.

The dollar rose 0.1%, making greenback-priced ⁠bullion expensive for other currency holders.

"Inflation expectation, rising yields, and stronger dollar are the headwinds keeping gold prices under pressure. And these factors will continue to remain in place until we get clarity on how long the conflict is going to persist," said ANZ analyst Soni Kumari.

Gold has fallen more than 14% since the war began in late February, as the non-yielding metal tends to decline on expectations of higher interest rates.

Iran said it was reviewing Washington's latest position on ending the war after U.S. President Donald Trump suggested he was prepared to wait a few days to "get the right answers" from Tehran.

The yield on ⁠the U.S. 10-year Treasury bond was up 1 basis point at 4.578%, resuming its climb after snapping a three-day streak of declines.

Markets are increasingly pricing in possibilities of the Federal Reserve tightening monetary policy this year, with a 39% chance of a 25 basis-point hike expected in December, per CME Group's FedWatch tool.

"The overall trend of 10-year ⁠U.S. Treasury yield, since the start of early March, is still in a medium-term uptrend phase. Hence, gold bulls may not be so aggressive in beating up prices at this juncture," said Kelvin Wong, a senior market analyst ⁠at OANDA.

Minutes of the Fed's April meeting showed a majority of policymakers felt "some policy firming would likely become appropriate" if inflation stays persistently above the central bank's 2% target.

Gold is expected to remain weak ⁠in the upcoming sessions, with resistance seen at $4,645 levels and support at $4,456 levels, said Wong.

Spot silver was down 1.1% at $75.19 per ounce, platinum lost 0.9% to $1,933.13, and palladium fell 0.8% to $1,359.20.

(Reuters) https://www.shafaq.com/en/Economy/Gold-losses-capped-by-US-Iran-de-escalation-hopes

Dollar Stabilizes In Baghdad, Rises In Erbil

2026-05-21 Shafaq News- Baghdad/ Erbil   The US dollar opened Thursday’s trading mixed in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,600 dinars per 100 dollars, unchanged from the previous session.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,400 dinars.

https://www.shafaq.com/en/Economy/Dollar-stabilizes-in-Baghdad-rises-in-Erbil-1

Chinese exports to Iraq plummet to $285M in April 2026

2026-05-21Shafaq News- Baghdad   Iraq imported $285 million worth of Chinese goods in April 2026, down from $1.7 billion in the same month last year, the Iraq Future Foundation for Economic Studies and Consultations reported on Thursday.

According to Manar al-Obaidi, head of the Foundation, the decline marks a notable shift following a period of strong expansion in bilateral trade.

Figures from China’s General Administration of Customs previously showed that Chinese exports to Iraq exceeded $17 billion in 2025, marking a 57% increase compared with 2020, when total exports stood at around $10 billion.

https://www.shafaq.com/en/Economy/Chinese-exports-to-Iraq-plummet-to-285M-in-April-2026

Iraq Remains Below Top Tier Of US Treasury Investors

2026-05-21Shafaq News- Washington    Iraq has been absent from the rankings of major foreign holders of US Treasury securities for three consecutive years, a drop from the $23 to $39 billion range it maintained annually before 2023.

The country had previously appeared on the Treasury International Capital (TIC) system's major holders list between 2012 and 2019, before dropping off in 2020 and 2021, briefly returning, then falling out again.

Total foreign holdings of US Treasuries reached $9.348 trillion by the end of March 2026, up from $9.001 trillion a year earlier. Japan led all foreign holders with $1.191 trillion, followed by the United Kingdom at $926.9 billion and China at $652.3 billion.

https://www.shafaq.com/en/Economy/Iraq-remains-below-top-tier-of-US-Treasury-investors

First Iraq-Bound Cargo Crosses Syria Since 2011

 2026-05-21Shafaq News- Damascus   Syria’s port of Tartus on Thursday received an Iraq-bound timber shipment from Romania, marking the first international transit convoy to cross Syrian territory toward Iraq in over 14 years.

Mazen Alloush, director of public relations at Syria’s General Authority for Borders and Customs, told state news agency SANA that unloading operations had begun at the Mediterranean port before the cargo continues overland to Iraq.

The development comes amid renewed efforts by Baghdad and Damascus to revive cross-border trade and transport links disrupted by years of conflict and ISIS activity along the frontier.

Last month, Iraq reopened the Rabia border crossing with Syria for the first time in more than a decade to facilitate trade and overland fuel exports through Syrian territory, while the Al-Qaim crossing resumed commercial and passenger traffic in 2025.    https://www.shafaq.com/en/Economy/First-Iraq-bound-cargo-crosses-Syria-since-2011

Ross: The Convergence Window, IQD and XRP

Ross: The Convergence Window, IQD and XRP

5-21-2026

Why would the CBI make a statement saying the exchange rate of IQD will remain the same?

Keep in mind, same day the CBI announced plans to meet with the Fed / US Treasury.

Strange.

Channel 8 English:  Al-Alaq:  “There is no plan or need at present to adjust or change the value of the Iraqi dinar against the US dollar.”  Read More: https://channel8.com/english/news/58334

New PM Ali al-Zaidi has now put enacting HCL directly in his official government program.

Parliament is preparing to advance it on the agenda, and a new Oil Minister is in place.

This is the most credible momentum we’ve seen on this file in years.

Zaidi has both the incentive and the political window to move it — though it will still require tough KRG negotiations.

Why HCL = New IQD Rate?

I’ve attached my previous post below.

Channel 8 English:  The 2007 Draft Oil and Gas Law outlines the foundational principles for establishing a Federal Council to govern Iraq's energy sector and distribute management powers between central and regional authorities. However, the comprehensive framework has never been formally enacted due to a 19-year political deadlock over revenue-sharing and the legislative control of lucrative oil fields. Read more: https://channel8.com/english/news/58343

HCL = New Rate

Ross: Why HCL = New IQD Rate

HCL literally cannot function without a revalued Dinar. The law unlocks massive new oil contracts, FDI, and revenue splits between federal gov + Kurdistan. Those deals are priced in billions of dollars.

At 1,300 IQD per $1, everything is absurdly expensive and unstable for investors and local partners. Trillions of dinars for billion-dollar contracts = accounting nightmares and operational hassle. A stronger rate + redenomination) makes the math work, restores confidence, and lets Iraq price oil domestically in a credible currency. It’s all tied together:

New government (Zaidi incoming) + 2026 budget + HCL = the exact window CBI has been waiting for to execute monetary reform.

When HCL passes, the new rate goes live because the law requires the stable, internationally viable dinar to be enforceable. HCL passing is the trigger event that forces the CBI’s hand on rate reform.

By the way, the meeting with the Fed and Treasury to advance Iraq’s banking reforms (immediately after Trump backed Al-Zaidi formed a new government) is scheduled in days — not weeks.

The days of IQD RV delays are OVER!

The Convergence Window: IQD & XRP

CBI set to meet with US Treasury / Fed within days.

HCL (Hydrocarbon Law) advancement under new government — strong momentum now.

First basket currencies (IQD, VND, VES) advancing in lockstep.

RCT set to unwind in the coming weeks/months.

Russell 2000 breakout in April 2026 historically precedes liquidity-driven risk-on moves — pattern suggests potential strength later in 2026.

Japan legalizing foreign stablecoins June 1st.

USD bills with Trump’s signature begin printing in June.

Kevin Warsh’s first FOMC meeting June 16-17 under new pro-crypto Fed Chair.

Iraq cashless deadline for all state institutions: July 2026.

DTCC tokenized securities pilots begin in July.

America’s 250th Anniversary major convergence window — Clarity Act + all catalysts aligning: July 4, 2026.

Trump Accounts launch July 4-5 injecting $1.2B into U.S. equities.

Ripple Fed Master Account fast-track window: July–September 2026.

100-day deadline for Al-Zaidi to clean up corruption: ~August 27, 2026.

Kim Clement banking miracle window: August–October 2026.

US military withdrawal from Kurdistan complete: September 2026. “Otherwise we’ll stay there.”

Ripple Fed Master Account outer deadline: December 2026 (~210 days).

Clarity Act laws effective January 2027.

Source(s):
• https://x.com/Ross_ptm/status/2057123556828536982

Read full post here:  https://dinarchronicles.com/2026/05/21/ross-the-convergence-window-iqd-and-xrp/

Coffee with MarkZ, joined by Dr. Scott Young. 05/21/2026

Coffee with MarkZ, joined by Dr. Scott Young. 05/21/2026

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MZ: HCL still dominates the news, and Dr. Scott Young talks with us today.

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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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=1BrhoHJW-Ts

News, Rumors and Opinions Thursday 5-21-2026

Majeed KSA: Whoever is Ready Should Go First

5-21-2026

Good afternoon to you all.

Here’s my personal opinion.

Maybe not all countries RVing have to go at the same time.

Maybe whoever is ready should go first.

IF this is the case, then Venezuela could go first based on how fast and hungry they are for changing the exchange rate and fixing the economy and reducing the inflation.

Plus, Venezuela is Trump’s baby and that’s why it could go first.

(take care of your child before you take care of other’s children).

Maybe.

MajeedKSA:Based on the news we had today about Iraq You don’t have to believe it I might be right and I might be wrong But I’m still insisting Venezuela bolivar is the dark horse in this RV investment

Read until the end.

On May 19, 2026, Donald Trump signed an executive order directing U.S. regulators to modernize the financial system by integrating fintech and crypto innovation into mainstream banking and payment infrastructure, including studying broader access to Federal Reserve payment systems for digital-asset firms. The order sets timelines of 90 days for regulatory reviews, 120 days for the Federal Reserve report, and 180 days for agencies to begin implementing reforms — but some changes and market reactions could begin before those deadlines.

Watcher.Guru:  JUST IN: President Trump orders US government to update regulations to integrate crypto into traditional finance and payment systems.

Source(s):
• https://x.com/majeed66224499/status/2057141197034987881
• https://x.com/majeed66224499/status/2057153960771731916

https://dinarchronicles.com/2026/05/21/majeed-ksa-whoever-is-ready-should-go-first/

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

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

Jeff   They will never be able to go international or get the US sanctions lifted off them if they keep the value of the currency below a penny.  In order for them to get sanctions lifted and removed, the value of the dinar has to increase above a penny.  

Militia Man To me the CBI has completed the first evaluation phase of its comprehensive banking reform strategy.  It now moving into the second phase with international partners like Oliver Wyman to bring banks up to global standards for full integration.  I can't reiterate this enough, this didn't just start yesterday.  They've been working on this for a long time...They won't come out and talk openly about a dinar revaluation...If you think that you're getting misguided...

Reset Intelligence  Governor al-Alaq went on television Tuesday with the clean public denial. No change in the exchange rate. Foreign reserves strong. The CBI is not, in his words, studying the question.It is the 5th time he has said this in 6 months: November, February 12, February 25, April 16, May 19...The repetition is the signal...Al-Alaq confirmed a meeting "in the coming days" bringing the CBI together with the US Federal Reserve, US Treasury, and Oliver Wyman, framed as the path to "transition to dealing in other foreign currencies for banks that have completed all the required requirements." Read it as multi-currency-settlement readiness...Al-Alaq's 5th public dinar revaluation denial in 6 months runs interference until Treasury says go...

The Truth About the Vietnamese Dong and the BRICS Expansion

Edu Matrix:  5-21-2026

The Truth About the Vietnamese Dong and the BRICS Expansion In this video, we examine the growing connection between the Vietnamese Dong (VND), BRICS nations, Iran, cryptocurrency, and the global financial system.

Many investors may not realize that Vietnam is already a BRICS Partner nation, while Iran is a full BRICS member actively bypassing the SWIFT banking system using cryptocurrency transactions.

We also discuss how the Strait of Hormuz crisis, BRICS trade agreements, digital payments, oil transactions, and alternative financial systems could impact global currencies, including the Iraqi Dinar (IQD) and the Vietnamese Dong (VND).

This video focuses on verified economic and geopolitical developments involving BRICS, Iran, crypto payments, SWIFT alternatives, global trade, GDP comparisons, and the future of international finance.

https://www.youtube.com/watch?v=-YTbJul4q6E

Iraq Economic News and Points To Ponder Thursday Morning 5-21-26

Al-Zaydi Discloses His Financial Assets And Submits Them To The Head Of The Integrity Commission.

Money and Business   Economy News – Baghdad   Prime Minister Ali Faleh al-Zaidi submitted his financial disclosure statement to the head of the Integrity Commission on Thursday.

A statement issued by the commission and received by “Al-Eqtisad News” stated that “this measure comes within the framework of enshrining the principle of transparency, as Al-Zidi was the first to comply with the obligations set by the Integrity and Illicit Gains Commission Law No. (30 of 2011 amended), within his ministerial cabinet, and pledged to remove all conflicts set by the law within the time limits and legal periods in force that regulate conflict of interest and holding public office.”

The Prime Minister had instructed the members of the ministerial team to expedite the disclosure of their financial assets within a period not exceeding one week from the date of assuming responsibility.https://www.economy-news.net/content.php?id=69360

Iraq Tops Importers Of Sri Lankan Tea Despite A Decline In Exports In March

Money and Business    Economy News – Baghdad   Sri Lanka's tea industry is facing increasing economic pressure due to the fallout from the conflict in the Middle East, which has impacted exports and raised energy and shipping costs, according to a Reuters report.

Sri Lanka’s tea sector is heavily dependent on Middle Eastern markets, which account for about half of Ceylon tea exports, making it one of the sectors most affected by transport disruptions and rising fuel prices.

Data from the Sri Lanka Export Development Board showed that tea export revenues during March 2026 decreased by 17.3% year-on-year to reach $114.75 million.

Data for March also showed a 38% decline in tea exports to Iraq, the largest importer of Sri Lankan tea, while shipments to the UAE fell by 93%.

Iran imports between 8 and 10 million kilograms of premium Sri Lankan tea annually, amid concerns that regional tensions will continue to affect trade and shipping.

Sri Lankan tea companies confirmed that rising fuel and logistics costs have prompted them to expand into alternative markets such as Canada, the United States and South America.

The tea sector is one of the most important economic sectors in Sri Lanka, with a value of about $1.5 billion and providing employment for about 2.4 million people, at a time when farm workers are facing increasing living pressures due to inflation and rising prices. https://www.economy-news.net/content.php?id=69358

A Government Advisor Emphasizes The Importance Of Activating The Market Development Council And Investing In Five Million Dunams.

Money and Business   Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, stressed on Thursday the importance of activating the Market Development Council to support the modern economy in Iraq, while emphasizing the need to invest in five million dunams of agricultural land that have been damaged by desertification.

Saleh told the Iraqi News Agency, as reported by "Economy News": "The government program aims at institutional reform and defining institutions, their mechanisms, and their performance, as Iraq has a large number of institutions, and they are also weak." He explained that rebuilding Iraqi institutions is a very important matter, because the large capacity without oversight has drained the Iraqi state.

He added that "government institutions have become bloated and large and constitute a burden on the national economy, so that they have become market-based, meaning that market institutions are being stifled by heavy state institutions."

He pointed out that "economic reform begins with reforming old institutions and their laws and facilitating procedures," explaining that "many administrative complexities have become inherited and are not based on a legal basis."

He added that "young leaders are important in the economic reform process, as they possess a mindset of development, openness and change."

Regarding building a diversified national economy, he stated that "coexisting with a rentier oil economy and relying on the budget is one of the fundamental problems," calling for "turning towards all available non-oil resources."

He pointed out that "Iraq has natural resources that have not been invested in, and the private sector has not been allowed to partner and invest in them," noting that "our mission today is for the national and international private sector to partner with the government, using the latest technologies, to re-engage all of Iraq's resources."

He explained that "the agricultural sector represents the first starting point through the agricultural sovereignty and agricultural licensing project," indicating that "Iraq owns five million dunams of land affected by desertification, and a joint governmental-private holding company can be established on it, in cooperation with international companies, such as agricultural licensing rounds."

He added that "this step will lead to a green revolution starting with four or five million dunams that will secure Iraqi food security."

He continued, "The digital economy is a key focus in the reform process, through the creation of a strong institutional entity that oversees the digital cloud, cybersecurity, and attracting modern technology."

He pointed out that "the Market Development Council represents the link between the state and the private sector," stressing "the importance of redefining the council and activating it to support the birth of the modern economy in Iraq."

https://www.economy-news.net/content.php?id=69354

Transportation: Commencement Of The Second Phase Of The Trade Exchange Area

Money and Business      Economy News – Baghdad   The Ministry of Transport has begun implementing the second phase of the trade exchange yard project located in the Al-Taji area at the entrance to Baghdad-Salah Al-Din, as part of its plans to develop logistical infrastructure and enhance trade exchange between governorates and border crossings.

The Director of the General Company for Land Transport affiliated with the Ministry, Murtadha Karim Al-Shahmani, said in an interview with the official newspaper, which was followed by “Al-Eqtisad News”, that the engineering and technical staff affiliated with the Ministry have actually started the work of the second phase of the project, which extends over an area of ​​(387) dunams, indicating that the work is taking place in parallel with the completion of the contracting procedures for the commercial exchange square project at the entrance to Baghdad - Al-Kut, which has an area of ​​about (210) dunams.

He added that the trade exchange yards projects are witnessing remarkable progress in completion rates, especially the projects surrounding the city of Baghdad, which are known as “retail” projects, noting that these projects represent an important step to support the land transport sector and regulate loading and unloading operations, as well as their role in reducing congestion within the capital and enhancing the efficiency of logistical services.

Al-Shahmani explained that the ministry is preparing to begin work on the Baghdad-Kirkuk trade exchange yard project, which covers an area of ​​(350) dunams, after obtaining official approvals and no objection from the relevant government agencies to allocate the land and implement the project, noting that this project will constitute an important addition to the commercial transport network in the country.

He pointed out that the project for the trade exchange yard at the entrance to Baghdad - Anbar - Babylon has reached very advanced stages of implementation, especially after the start of work to connectthe yard with the international road, which will contribute to facilitating the movement of trucks and goods, and achieving greater smoothness in transportation and trade exchange operations between the governorates.

Regarding the trade exchange yards projects at the border crossings, Al-Shahmani affirmed that the Ministry continues to follow up on the procedures related to the Shalamja, Al-Shaib, Arar and Trebil yards projects, while working to study the technical and administrative obstacles that may face the implementation phases, and finding appropriate solutions to ensure the completion of these projects according to the specified time plans, in order to enhance the role of the border crossings in supporting the national economy and stimulating regional trade. https://www.economy-news.net/content.php?id=69350