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Showing content with the highest reputation on 02/23/2025 in all areas

  1. FYI: I am OLD TOO - that is no reason for @T B attitude and offensive posts. He is using it as an excuse and he is now on permanent Mod Review. He can still post but no one will see it unless the post is respectful. Sorry ---not sorry!
    13 points
  2. Interesting that this happened after the phone conversation between Trump and the president of the Kurdistan region Nechirvan Barzani. The pressure is ON. Go Oil exports Go HCL Go profit sharing Go stronger dinar
    10 points
  3. Here's an article of GCR interests... Exposing The real Gold Price. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: DOGE To Expose Real Gold Price. ARTICLE: In this week’s Live from the Vault, Andrew Maguire discusses how DOGE could help expose the true state of UST gold reserves, with a potential price reset prompting an overdue audit revealing multiple ownership claims & mismanagement. As physical demand rises & central banks rush to cover bullion leases, the balance of gold pricing power is shifting from West to East, with Asian buyers absorbing supply while Western institutions lose their grip on the market. Maguire argues that Musk’s penchant for efficiency & cost-cutting, coupled with the inherent opaqueness surrounding US gold reserves, could lead to a long overdue & potentially explosive audit. This audit, Maguire suggests, might reveal a complex web of multiple ownership claims and significant mismanagement within the UST, ultimately impacting the global gold price. The core issue lies in the lack of transparency surrounding US gold holdings. For years, speculation has persisted regarding the actual amount of physical gold underpinning official figures. A thorough, transparent audit – something that Musk’s DOGE could potentially trigger – would challenge the status quo. Imagine the potential consequences if such an audit revealed that the reported gold reserves are overstated, heavily leased, or subject to multiple claims from various entities. This revelation could trigger a significant price reset, forcing a market reckoning with potentially dramatic implications for global finance. But the potential exposure of the UST’s gold situation isn’t the only factor at play. Maguire highlights a critical shift in the balance of power within the gold market. For decades, Western institutions have largely dictated gold pricing. However, a rising tide of physical demand, particularly from Asia, is starting to change the game. Central banks, recognizing the inherent value & security of gold, are scrambling to cover bullion leases, further tightening the market. Simultaneously, Asian buyers, including China & India, are aggressively absorbing available gold supply. This escalating demand from the East is placing immense pressure on Western institutions, who are struggling to maintain their grip on price control. While Western entities may be losing their influence, the demand from the East isn’t just about investment; it’s about securing a tangible asset in an increasingly uncertain global landscape. This growing appetite from Asia positions them as the new custodians of the gold market, driving value & influencing price discovery. The confluence of these two factors – the potential for a US gold audit prompted by Musk’s DOGE & the burgeoning demand from the East – presents a compelling scenario for a potentially explosive shift in the gold market. If Maguire’s predictions hold true, we could be on the cusp of a significant price realignment, driven by a newfound transparency & a changing landscape of power.
    7 points
  4. Oil Ministry confirms: Kurdistan exports back on track - 2/22/2025 Oil Ministry confirms: Kurdistan exports back on track EconomyUS sanctionsoil exportsKurdistan region 2025-02-22 / 07:17 Shafaq News / Iraq’s Oil Ministry announced on Saturday the resumption of oil exports from the Kurdistan region. In an official statement, the Ministry said it had completed the necessary procedures to restart shipments through Turkiye’s Ceyhan port. It also confirmed that exports will resume in accordance with federal budget regulations and Iraq’s OPEC production quota. “We have completed the necessary procedures to restart exports from the Kurdistan region through Ceyhan in accordance with the agreed framework,” the statement read. The Ministry urged Kurdistan’s authorities to transfer crude oil from operating fields to the State Oil Marketing Organization (SOMO), facilitating its exports via the Iraq-Turkiye pipeline. “We call on the Regional authorities to deliver the produced quantities in line with signed contracts to ensure smooth operations,” it added. Notably, on Friday, Reuters reported that President Donald Trump’s administration had stepped up its pressure on Baghdad to fast-track the resumption of Kurdistan’s oil exports, warning of potential economic sanctions. However, Farhad Alaaldin, foreign affairs adviser to the Iraqi prime minister, dismissed these claims, stating that recent discussions with the US administration did not involve any threats or pressure on Baghdad. https://www.shafaq.com/en/Economy/Kurdistan-oil-Export-resumption-imminent
    7 points
  5. Can’t explain just how huge what the above article really means, globally.
    6 points
  6. I am so done with this kind of talk. Here's a novel idea...... JUST LOG OFF AND DON’T COME BACK. This conversation is over, no need to reply. pp
    6 points
  7. 6 points
  8. Iraq advances in the fight against corruption.. a leap in the global ranking Time: 2025/02/23 17:11:47 Reading: 330 times {Local: Al Furat News} The head of the Strategic Center for Human Rights in Iraq, Fadhel Al Gharawi, confirmed today, Sunday, that Iraq ranked 148th globally in combating corruption. Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. To subscribe click here Al-Gharawi said in a statement received by {Euphrates News} a copy of it, that: "Iraq witnessed remarkable progress in combating corruption during the period between August 2023 and July 2024, according to what was shown by the second report of the program to follow up on trials of major corruption cases, which was prepared by the United Nations Development Program (UNDP) in cooperation with the Supreme Judicial Council." He added, "The year 2024 witnessed the follow-up of 170 cases before the Central Criminal Court for Combating Corruption, compared to 150 cases in 2023, which reflects a 13% increase in the number of cases under consideration, and 80 rulings issued by the criminal and misdemeanor courts of integrity were reviewed, bringing the total number of cases followed up and reviewed to 250 cases." Regarding the number of convictions, Al-Gharawi said, “The number of convicted defendants increased from 231 defendants in 2023 to 371 defendants in 2024, an increase of 140 defendants, or 60.6%. The number of convictions also increased from 63 to 73, an increase of 10, or 15.9%.” He explained that “the number of cases returned to investigation decreased from 21 cases in 2023 to 19 cases in 2024, and the number of cases returned for retrial decreased from 10 cases to only 4 cases. In addition, trials in absentia witnessed a significant decrease, reaching 19 cases (11%) compared to 32 cases (21%) in 2023.” Al-Gharawi pointed out that "according to the report, the cases under consideration included a number of ministries and government agencies, with the Ministry of Industry and Minerals topping the list with 28 cases, followed by the Ministry of Finance with 17 cases, and the Baghdad Municipality with 14 cases, in addition to 12 cases in the Ministry of Justice, while 8 cases were registered against the Investment Authority." He explained that "65% of the cases were concentrated in Baghdad, where the number of cases increased from 72 cases in the first year to 111 cases in the second year. Anbar Governorate also entered the list of registered cases with 13 cases, while other governorates such as Babil, Nineveh, and Karbala witnessed an increase in registered cases. " Al-Gharawi praised "the measures taken by the government, the Judicial Council, the Integrity Commission, and the oversight bodies, calling for legislative reforms that include expanding the definition of corruption crimes to include influence peddling and bribery in the private sector, enhancing transparency and accountability in institutions that suffer from high rates of corruption, and implementing an electronic case management system to facilitate procedures and improve efficiency." https://alforatnews.iq/news/العراق-يتقدم-في-معركة-الفساد-قفزة-في-الترتيب-العالمي
    5 points
  9. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 2-22-2025 Clare Article: "Baghdad comments on Washington's threats not to resume Kurdistan oil exports" Quote: "The Iraqi government denied, on Saturday, all media reports that claimed that the United States threatened to impose sanctions on Iraq if oil exports from the Kurdistan Region were not resumed. Reuters quoted eight sources in Baghdad, Washington and Erbil, who have direct knowledge of the issue, as saying that “increasing pressure from the new US administration was a major driver behind the Iraqi oil minister’s announcement last Monday that exports from the region would resume next week" See article in reply - Kurdistan is back, up & running. 2-22-2025 Militia Man We haven't seen an exchange rate change. We haven't seen the oil pump and we haven't seen salaries [yet].
    5 points
  10. Thanks Ron. Can't hardly wait for the day you post saying "exchange rate is...." so I'm outta here 😃 pp
    5 points
  11. Iraq yield's to Trump's sanctions threats if Kurd oil does not flow. Go MAGA. Go RV.
    5 points
  12. Boo hoo for them. They’re both screwing over the US with big tariffs from what I remember hearing. What a bunch of cry baby’s.
    5 points
  13. looking tonight at several youtube vids that Europe and Canada, not happy with Trump tariffs are ready to start a trade war. going to get interesting....
    5 points
  14. Just saying I do think that something is coming, how do they return to the gold standard? What will cause the collapse? Will an audit of the Fed cause a collapse? Have countries been lied too about gold? Who has it? Do we even need a collapse will trump just sign exectuive order? No doubt countries about to get hit are currency manipulators? Also what does this mean for Iraq? Just think if we don’t get it by end of April then it’s anytime between now and 2026 we hope! 😂I am praying for the now!🙏
    5 points
  15. Gold decides what a country’s currency is worth. Trump won’t take any shite from a country trying to cheat him on his tariffs.
    5 points
  16. REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 2-22-2025 Fnu Lnu Article: "The Central Bank of Iraq (CBI) has announced General Tender No. (1/2025) for the supply, installation, and operation of 65 currency counting and sorting machines for its branches in Basra (35 units) and Mosul (30 units)." Here we have another example of Iraq spending billions to build out a state of the art banking system. The $64,000.00 question is, when do we get to profit from these infrastructure expenditures? 2-22-2025 Frank26 Article: "Expected visit of the Central Bank Governor to Sulaymaniyah" Are you serious? You're putting a new banking economic center? Why? You never have in the decades that I can remember. Why? Your rate of your currency is 1310. You don't need this banking economic center in Erbil. Why are you doing this? Because there is a change in the banking structure system of Iraq. 2-22-2025 Clare Article: "European Union to {Sabah}: We praise the reforms of the Sudanese government" Quote: "We support Iraq in joining the World Trade Organization (WTO), which is necessary, among other things, to harmonize Iraqi laws with international standards,” 2-22-2025 Samson Article: "Trump gives Baghdad a choice: Export Kurdistan’s oil or face sanctions like Iran" 2-22-2025 tishwash Article: "The Ministry of Oil announces the completion of procedures to resume the export of Kurdistan oil through the port of Ceyhan" This is good news...lots of good oil news out of Kurdistan so far today. I think they already have the rate but they will continue to keep it under wraps until the very last second but we need Turkey to confirm this news. 2-22-2025 Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says President Trump threatens Iraq to speed up transfer of oil pipeline or will suffer sanctions like Iran. FRANK: That is 100% correct. The reason my president is saying that to Iraq is because Iran threatened to attack you... Iraq is and my president is trying to speed things up so you Iraq can be in a position to be powerful over your enemies. If not we both lose and Iraqi citizens lose their purchasing power...There must be a date... 2-22-2025 MarkZ Article: “Optimism about the opening of Rafidan and Rasheed Bank branches in the region-to stimulate the economy and attract investors” they are talking about adding another 26-28 branches …They are closer and closer to their reforms.
    5 points
  17. well isn't april 1st date for reciprocal tariffs to start.....TRUMPS deadline you would think that around this time a few countries might me need to make some exchange rate changes or adjustments
    5 points
  18. 5 points
  19. Oil Ministry confirms: Kurdistan exports back on track EconomyUS sanctionsoil exportsKurdistan region 2025-02-22 / 07:17 Shafaq News / Iraq’s Oil Ministry announced on Saturday the resumption of oil exports from the Kurdistan region. In an official statement, the Ministry said it had completed the necessary procedures to restart shipments through Turkiye’s Ceyhan port. It also confirmed that exports will resume in accordance with federal budget regulations and Iraq’s OPEC production quota. “We have completed the necessary procedures to restart exports from the Kurdistan region through Ceyhan in accordance with the agreed framework,” the statement read. The Ministry urged Kurdistan’s authorities to transfer crude oil from operating fields to the State Oil Marketing Organization (SOMO), facilitating its exports via the Iraq-Turkiye pipeline. “We call on the Regional authorities to deliver the produced quantities in line with signed contracts to ensure smooth operations,” it added. Notably, on Friday, Reuters reported that President Donald Trump’s administration had stepped up its pressure on Baghdad to fast-track the resumption of Kurdistan’s oil exports, warning of potential economic sanctions. However, Farhad Alaaldin, foreign affairs adviser to the Iraqi prime minister, dismissed these claims, stating that recent discussions with the US administration did not involve any threats or pressure on Baghdad. https://www.shafaq.com/en/Economy/Kurdistan-oil-Export-resumption-imminent
    5 points
  20. Well.... I ain't buying the BS of no threat of sanctions. It is a classic trump move. Funny how they suddenly resolved the mechanism to export..... hhhmmm.
    5 points
  21. policy Parliamentary Committee: Lawsuit against the Prime Minister’s Office for Delaying Budget Schedules February 22 15:13 Information / Special.. Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Saturday, that a lawsuit has been filed against the Prime Minister's Office due to its delay in sending the budget tables, stressing that this delay is a serious legal and constitutional violation. Al-Salami said in a statement to / Al-Maalouma / agency, "An official complaint has been filed with the Public Prosecution Service against the Council of Ministers due to its violation of Article 62, first, of the Iraqi Constitution, which obliges it to send the budget tables before the end of the fiscal year, in addition to its violation of the Financial Management Law No. 6 of 2019, Article 11, and the Triennial Budget Law 2023-2025, Article 77, second." He stressed that "the fiscal year ended on December 31, 2024 without the Council of Ministers committing to sending the required tables, which constitutes a clear violation of the Constitution," explaining that "the complaint with the Public Prosecution Service represents the second procedure after contacting the Speaker of Parliament, who in turn formed the Legal and Financial Advisory Committee to follow up on the case and take the necessary measures against the executive authority." He also announced that "the Minister of Finance and the Prime Minister will soon be hosted in Parliament to question them about these violations." It is worth noting that the House of Representatives had previously voted on the budget amendment law and sent it to the government to send the budget tables. End 25 min https://almaalomah-me.translate.goog/news/91710/politics/لجنة-نيابية:-دعوى-قضائية-ضد-رئاسة-الوزراء-لتأخير-جداول-الموا?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
    4 points
  22. IF Teump really did pressure them about the kurds oil , he needs to turn the thumb screws about their budget and an RV
    4 points
  23. IQD Market Rates - Sunday - 2/23/2025 Shafaq News: On Sunday, the exchange rates of the US dollar against the Iraqi dinar fell in both Baghdad and Erbil markets. According to Shafaq News Agency's survey, the dollar's rate dropped with the closure of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, settling at 149,250 dinars per 100 dollars, down from 149,900 dinars recorded this morning. In Baghdad, currency exchange stores recorded a selling rate of 150,000 dinars per 100 dollars and a buying rate of 148,000 dinars. Erbil's selling price reached 149,150 dinars for every 100 dollars, and the buying price was 149,050. Have a blessed Sunday - Almighty GOD is Faithful..! RON
    4 points
  24. TB, for the most part I have enjoyed your contributions and posts here on this site. We know you are old, a lot of us here are rounding 3rd base, headed for home in the ballgame of life. And you seem to be very strong in your faith which I admire very much, but my friend this last round of posts reeks of hypocrisy. As a Christian, we must find forgiveness for our fellow man. As my priest once told me, we must Love one another, but no where does it say we have to like them.
    4 points
  25. That will make their citizens happy, losing purchasing power
    4 points
  26. From WRAL-TV; Winning Powerball Numbers Saturday, February 22, 2025 07 18 22 50 65 PB 15 Power Player 2X Sorry; We had no winning matches.
    4 points
  27. Currency manipulation to get cheep tariff charges. Sounds like cheating to me. I wonder what vietnams currency is really worth.
    4 points
  28. Play nice now boys I hear there is a new sheriff in town 😁 Oh please and thankyou Come on HCL!!!! 👍 RJG and Kelsguy1113
    4 points
  29. budget tables are irrelevant at this point its more about resuming oil exports and being to make payments which comes back to exchange rate and currency manipulation...the squeeze is on.....budget tables will expose everything the are purposely hiding it.....
    4 points
  30. Agree. Maliki is cashing on Sudani's failures & he's gaining in popularity. Iraqi teachers, civil servants & pentioners are still going unpaid in spite of promises after promises. Sudani better start pulling some rabbits out of a magic hat or he's history. Voters have short memories & they vote with their empty bellies. Enough talk & a little more action. IMHO.
    3 points
  31. The "real conclusive audit" is already done. Everything is already done. We are watching the "show" to expose everything at a pace people can handle.. the results will be out as soon as we're ready to receive it. 👍
    3 points
  32. Trump can only apply pressure or suggest to RV. The final Decission to RV & at what rate is still in CBI's control. IMHO.
    3 points
  33. This thread ran off the rails, over the cliff & into the deepest part of the Gorge. Talk about highjacking a thread. Some people's kids.
    3 points
  34. @RJG.... thanks for the original articles , sometimes threads run off the rails and thats to bad but it happens sometimes in every forum that I've ever been on .... all the best to us all
    3 points
  35. Plus, we don’t just get Trump the CEO, we get all the CEO’s in his cabinet working together to meet our need. I love the Commerce Secretary btw.
    3 points
  36. Kurdistan government announces agreement with Baghdad to resume exporting the region's oil Time: 2025/02/23 12:53:10 Read: 1,680 times {Politics: Al Furat News} The Kurdistan Regional Government announced, today, Sunday, an agreement with the federal government in Baghdad to resume the region’s oil exports. A statement by the regional government, a copy of which was received by {Euphrates News}, stated that “today, Sunday, after communication and coordination between the Federal Ministry of Oil and the Ministry of Natural Resources of the Kurdistan Region, an agreement was reached and confirmed to resume the export of the region’s oil according to the available quantities.” The statement added, "A joint technical team was formed today to inspect the export pipeline and determine its readiness." The regional government stressed "its commitment to implementing the provisions of the Federal General Budget Law." The Iraqi Ministry of Oil announced yesterday, Saturday, the completion of all procedures for exporting oil produced in the Kurdistan Region via the Turkish port of Ceyhan, after a two-year halt due to disputes between Baghdad and Erbil. The oil minister surprisingly announced on Monday that exports from Kurdistan would resume next week, a move that would end a nearly two-year conflict that has cut off more than 300,000 barrels per day of supplies to global markets via Türkiye. Türkiye halted the pipeline in March 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion to Baghdad in compensation for unauthorized exports between 2014 and 2018. https://alforatnews.iq/news/حكومة-كردستان-تعلن-الاتفاق-مع-بغداد-على-استئناف-تصدير-نفط-الاقليم
    3 points
  37. Iraqi PM discusses lifting ban on 'Green Bird' with IATA Iraqiraqbreakingal-SudaniIATAIraq's Airlines 2025-02-23 06:56 Share font Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani discussed with the International Air Transport Association (IATA) efforts to lift the European aviation ban imposed on Iraq's national airlines. According to a statement from the Prime Minister’s media office, Al-Sudani received a delegation from IATA led by the Regional Vice President, Kamil Al-Awadhi, and reviewed the progress made in implementing the action plan prepared by the committee responsible for meeting the requirements to lift the ban. Discussions also covered Iraq’s initiatives to enhance the operations of Iraqi Airways, including Implementing automation across all operational sectors, enhancing the airline’s operational capabilities, advancing staff expertise, and elevating the quality of services provided to passengers and cargo transport. Iraqi Airways has faced a significant challenge for nearly a decade, with the EU maintaining its ban on the airline’s flights due to non-compliance with international aviation safety standards established by IATA. Prime Minister Al-Sudani reiterated the government’s commitment to prioritizing this issue, ensuring continuous oversight of the committee tasked with lifting the ban and Providing all necessary facilitation to meet the requirements. The European aviation ban on Iraqi Airways dates back to 1991, following the invasion of Kuwait by the former Iraqi regime and the subsequent international sanctions on Iraq. It was briefly lifted in 2009 before being reinstated in 2015 due to continued safety violations. For his part, Al-Awadhi highlighted the significance of resolving this matter, noting that Iraq has achieved 56% progress in implementing the corrective action plan, indicating that the project is advancing as scheduled. On October 31, 2024, Iraqi Airways announced the modernization of its fleet with 13 new aircraft, including five Airbus planes, six Boeing 737s, and two Dreamliners. The airline plans to acquire additional aircraft, bringing the total to 31 by 2027. https://www.shafaq.com/en/Iraq/Iraqi-PM-discusses-lifting-ban-on-Green-Bird-with-IATA
    3 points
  38. I don't know about anyone else but this news sure makes me feel good! And it's about time! Freakin lyin, rascist b'yatch! MSNBC cancels Joy Reid’s show as part of programming shakeup at liberal network Final episode of ‘The ReidOut’ expected to air this week https://www.foxnews.com/media/msnbc-cancels-joy-reids-show-part-programming-overhaul-liberal-network
    3 points
  39. It's sad to hear that the US has been getting tariff bullied. I wonder how it got this bad. I'm just glad it's getting straightened out with reciprocal tariffs. It doesn't seem intelligent for other country leaders to behave like they don't understand. I love Canada and the UK, and other countries also, but fair is fair.
    3 points
  40. https://am.jpmorgan.com/au/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/which-markets-could-be-most-impacted-by-reciprocal-tariffs/
    3 points
  41. https://www.kurdistan24.net/en/story/826032 ERBIL (Kurdistan24) – The United States is intensifying its efforts to push Iraq into resuming Kurdish oil exports, warning Baghdad that failure to do so could result in sanctions, sources familiar with the matter told Reuters. This move is seen as part of Washington’s broader strategy to limit Iran’s oil revenues and curb its influence in Iraq and the region. U.S. Leverage on Baghdad The pressure from the U.S. comes as President Donald Trump's administration seeks to counter Iran’s oil exports by increasing global supply from alternative sources, including the Kurdistan Region. A resumption of Kurdish oil exports, which have been halted since 2023, could help balance global oil markets, especially amid Washington’s renewed "maximum pressure" campaign against Tehran. Earlier this month, the Iraqi Parliament has approved a critical amendment to the federal budget law, paving the way for the resumption of Kurdistan Region’s oil exports. Read More: Iraqi Parliament Approves Budget Amendment, Clearing Path for Kurdistan Oil Exports The session, held on Sunday, Feb. 2, saw 176 members in attendance, with a majority vote securing the amendment’s passage, particularly tackling Article 12, which regulates oil export agreements between Erbil and Baghdad. In a statement released on Monday, Hayan Abdulghani, Iraq's Minister of Oil, confirmed that no obstacles remain to the resumption of oil exports from the Kurdistan Region. Read More: Iraq's Oil Minister Signals Smooth Resumption of Kurdistan Oil Exports, Timeline Set for Early March 2025 He assured that within a few weeks, all measures for restarting the oil export process from the Kurdistan Region will be completed. The announcement comes as officials from Iraq’s Ministry of Oil prepare to visit Erbil to finalize the details of the plan. The decision follows mounting pressure from Washington, which has made it clear that Baghdad must ensure Kurdish crude reaches international markets. Geopolitical Ramifications Iraq finds itself in a precarious position, balancing its relations with both the U.S. and Iran. While Iran wields significant influence over Iraq through powerful Shia militias and political allies, Washington has ramped up diplomatic and financial measures to curb Iranian influence. Reuters wrote that Iraq’s central bank blocked several private banks last week from accessing U.S. dollars at the request of the U.S. Treasury. The renewed American focus on Iraq coincides with a weakening of Iran’s regional standing following Israeli strikes on its proxy groups. Washington appears keen to capitalize on this shift by pushing Baghdad into compliance with its oil and financial restrictions on Tehran. Hurdles to Resumption Despite Iraq’s announcement of the resumption of Kurdish oil exports, logistical and financial challenges remain unresolved. Key issues include ongoing disputes over payment mechanisms between the Iraqi federal government and the Kurdistan Regional Government (KRG), as well as concerns from international oil companies over their compensation for past and future oil deliveries. Executives from Norwegian energy firm DNO have voiced concerns over how they will be paid for future exports and how they will recover the $300 million owed for previous shipments before the pipeline closure. Turkey, which plays a crucial role in the export route, has also yet to receive concrete details from Iraq regarding the resumption timeline. Additionally, the reintroduction of Kurdish oil to global markets could create tension within OPEC+, as Iraq has been under pressure to comply with its pledged production cuts. Analysts suggest that while Kurdish crude may return to markets, Iraq is unlikely to exceed its OPEC+ production quotas. Future Implications While the U.S. is pushing for an expedited resolution, the technical and political hurdles mean that a swift restart is uncertain. The success of these negotiations will depend on Baghdad’s ability to manage competing pressures from Washington, Tehran, and internal factions within Iraq. According to Reuters, the broader impact on global oil markets will be limited, as Iraq is bound by OPEC+ agreements. However, as Reuters highlighted, the return of Kurdish exports could provide some relief to energy markets, particularly in the wake of disruptions elsewhere, such as the recent Ukrainian drone attack on a major Russian pipeline. As negotiations continue, all eyes remain on Iraq’s next steps, with potential implications for its political stability and economic trajectory.
    3 points


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