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Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top stories are: -EIA - US Crude Imports From Iraq Fall To Zero. -Non-Oil Weakness Clouds Iraq Economy Despite 10% Money Growth. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: EIA - US Crude Imports From Iraq Fall To Zero. ARTICLE: US crude oil imports from Iraq fell to zero in the latest four-week average, down from 45,000 barrels per day in the preceding period, according to the US Energy Information Administration (EIA). The drop extends a sharp decline in Iraqi crude shipments to the US. EIA weekly data showed no imports from Iraq in the weeks ending July 3, July 10, and July 17, after shipments had already fallen to zero in two weeks of June. Iraq, OPEC's 2nd largest producer, ranked 7th among the US' top 10 crude oil suppliers based on 2024 volumes, according to the EIA's weekly import table. The US imported an average of about 179,000 barrels per day of Iraqi crude in 2025, compared with 198,000 bpd in 2024 & 213,000 bpd in 2023. Non-Oil Weakness Clouds Iraq Economy Despite 10% Money Growth. ARTICLE: Iraq’s money supply has risen by nearly 10% since the start of the year while inflation has remained around 3%, a combination that could signal weaker non-oil activity or increased cash hoarding, economist Manar Al-Obaidi warned on Tuesday. Under stable money velocity & output growth, a larger money supply would normally put upward pressure on prices. Al-Obaidi argued that the absence of such an increase points to two possible explanations: a marked slowdown in non-oil GDP or weaker circulation of money through the economy. A non-oil slowdown, he warned, would directly hit private-sector employment. Trade, which is Iraq’s “3rd-largest contributor to GDP after oil and the government sector,” has also been pressured by the ASYCUDA customs system, higher tariffs & transport & shipping problems. As an indicator of weaker commercial activity, Al-Obaidi cited a 41% year-on-year decline in CBI sales, acknowledging that precise data measuring the fall in company activity & demand for jobs remain unavailable. The 2nd possibility is increased cash hoarding, driven by market concerns over government liquidity and leaving a larger share of issued money outside active circulation. Al-Obaidi called for urgent stimulus for the commercial and industrial sectors through easier business procedures & tax & customs exemptions, arguing that low inflation should be maintained without constraining private-sector growth & job creation. Iraq is also facing a liquidity squeeze, with the government moving to borrow more than 3 trillion Dinars (about $2.3B) from local private banks to cover August salaries. Government spokesman Haidar Al-Aboudi put monthly state spending needs at about 10.8 trillion Dinars (around $8.2B), against oil revenues of roughly 2.5 trillion Dinars (nearly $1.9B), while economist Ahmed Eid warned that heavier public borrowing could restrict credit to private businesses & further slow economic activity. Baghdad To Host Arab Small & Medium Enterprises Summit In October. ARTICLE: The 4rth edition of the Arab Summit for Small & Medium Enterprises for the year 2026, under the patronage of PM Ali Faleh Al-Zaidi, will be launched in Baghdad for the period from 18 to 20 October. The spokesman for the General Secretariat of the Council of Ministers and Chairman of the Media Committee of the conference, Haider Majeed, said that "the work of the conference is organized by ESCWA in partnership with the Ministry of Planning & with the participation of a wide range of ministries, government institutions, the private sector, financial & banking institutions, universities, entrepreneurs, startups, int'l & regional organizations, experts & specialists in the fields of economic development & entrepreneurship." He added that "the conference comes as an embodiment of the government's directions in supporting the nat'l economy, enhancing the role of the private sector & empowering small & medium enterprises as one of the most important engines of sustainable development, by providing a national platform to exchange experiences, review successful experiences & discuss policies & programs to develop the entrepreneurship system & improve the business environment in Iraq." He pointed out that "the partnership with regional and international organizations embodies the importance of cooperation with specialized int'l organizations & benefit from their technical & advisory expertise in supporting development policies & strengthening the capabilities of national institutions, in line with int'l best practices & sustainable development goals." USD/ IQD Exchange Rates Climb In Baghdad, Erbil. ARTICLE: The USD closed Tuesday’s trading higher in Baghdad and Erbil, 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 central exchanges at 153,750 Dinars per 100 Dollars, up from 153,250 Dinars in morning trading. In the Iraqi capital, exchange shops sold the Dollar at 154,250 Dinars & bought it at 153,250 Dinars, while in Erbil, selling prices stood at 153,450 Dinars & buying prices at 153,400 Dinars. Gold Rises In Baghdad, Stabilizes In Erbil. ARTICLE: Gold prices rose in Baghdad on Tuesday, with 21-carat foreign gold reaching 948,000 Iraqi Dinars per mithqal, up 8,000 Dinars from Monday, while prices in Erbil held steady. According to Shafaq News market survey, wholesale markets on Baghdad’s Al-Nahr Street priced 21-carat Gulf, Turkish & European gold at 948,000 Dinars per mithqal for sale and 944,000 Dinars for purchase. The selling price stood at 940,000 Dinars on Monday. Iraqi 21-carat gold was quoted at 918,000 Dinars per mithqal for sale & 914,000 Dinars for purchase. At Baghdad jewelry shops, retail prices for 21-carat Gulf gold ranged between 950,000 & 960,000 Dinars per mithqal, while Iraqi gold traded between 920,000 & 930,000 Dinars. In Erbil, gold prices were unchanged, with 22-carat gold selling at 978,000 Dinars per mithqal, 21-carat at 935,000 Dinars & 18-carat at 800,000 Dinars.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The main story is. -The Iraqi Economy Will Continue To Be The Most Deeply Impacted In Region. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: IMF Expects Severe Contraction In Iraq’s Economy In 2026. ARTICLE: The International Monetary Fund (IMF) projected on Thursday that Iraq’s economy will be the most hit by oil & transportation disruptions in the Middle East & Central Asia in 2026. The IMF also predicted a robust economic rebound in 2027, when energy market conditions improve & commerce resume, local news outlet Shafaq News reported. In its recent World Economic Outlook report, the IMF projected that Middle Eastern and Central Asian countries will see a sharp drop in growth to 0.7 percent in 2026, before rebounding to 6.5 percent in 2027. These forecasts assume that energy interruptions will last longer than previously predicted. The economies of Iraq, Kuwait & Qatar, which are heavily reliant on commodities, will experience significant impacts from disruptions in energy production & transportation. These nations are expected to face an economic downturn in 2026, followed by growth rates exceeding ten percent in 2027. The anticipated fall in 2026 will mainly result from the disruption in oil production & distribution, especially by those nations that depend heavily on energy exports, but the recovery in 2027 will be brought about by a reduction of these shocks & resumption of business activities. The IMF’s latest prediction reduces the region’s growth forecast for 2026 by 1.2 percent from the April report, while the 2027 forecast is lifted by about 1.9 percent, suggesting expectations of a stronger rebound. The IMF, on the other hand, expects Saudi Arabia to remain largely unaffected due to its more diverse export channels, with an economic growth of 1.7 percent in 2026 & 5.5 percent in 2027. Iraq Tightens Iran Dollar Controls As US Restarts Shipments. ARTICLE: The US has restarted supplies of USD banknotes to Iraq after Baghdad agreed to take further steps to stop American cash from reaching Iran & Iran-backed armed organizations, The WSJ reported, citing Iraqi & US officials. The outbreak of the Iran war in late February froze shipments of physical Dollars from Iraq’s oil revenues held at the Federal Reserve Bank of New York, enforced by the UST Department & shipments were suspended for some four months, putting pressure on Baghdad’s cash-based economy. Under the deal, Iraq promised to tighten its financial system, including stricter regulation of currency exchange firms & efforts to prevent US cash from reaching Iran or Iran-backed militias via salaries & other financial channels. Iraq agreed to put in place extra protections to prevent armed organizations from abusing its banking system, a UST official told the newspaper, & shipments resumed. Iraqi authorities said Dollar payments had resumed but did not disclose the new terms publicly. During the delay, the UST Department canceled at least two cash shipments, including one for around $500 million, before delivery resumed late last month, The WSJ said. The deal comes as PM Ali Falih Al-Zaidi aims to boost economic ties with Washington while pushing domestic banking reforms. Al-Zaidi is set to go to the US later this month to have meetings with President Donald Trump, the newspaper added. The report also mentioned that the Trump administration has pushed Baghdad to limit the role of Iran-backed militias, including steps to tighten monitoring of cash flows & increase official control over armed organizations. Analysts told The WSJ that there are big political obstacles to enacting such regulations, given the entrenched role of militia groups in Iraq’s political & security scene. Since 2003, Iraq has depended on supplies of USD banknotes since most of its economy is still cash-based. Access to actual Dollars is a key source of liquidity for Iraq’s banking sector since oil profits are kept at the Federal Reserve Bank of New York before being released to Iraq. The new deal is part of a wider push by Washington to tighten financial controls in Iraq while reducing the ability to evade sanctions & move dollars illegally across borders, as Baghdad grapples with balancing its strong economic links with the US & neighboring Iran. After The Decline - A New Rise In Dollar Prices In Iraq Today. ARTICLE: Published Sumerian News, the ER of the Dollar against the Dinar in the Iraqi local markets on Thursday, July 9, 2026. The sale price is 154500 Dinars for 100 Dollars. The purchase price is 153650 Dinars for 100 Dollars. It was Cabinet On February 7, 2022, it was announced that the Dollar ER would be adjusted to 1320 Dinars to the Dollar. Between High & Low - The Latest Update Of Gold Prices In Iraq. ARTICLE: Published Sumerian News Foreign and Iraqi gold prices in the local markets in the capital Baghdad Today is Thursday, July 9, 2026. The sale price of Iraqi gold karat 21 amounted to 857 thousand & Dinars, compared to 853 thousand Dinars for purchase. In the jewelers' shops, the selling price of the gold weight of the Gulf karat 21 ranged between 890 thousand & 900 thousand Dinars. Global gold prices continue to rise in record highs, with investors increasingly confident that the US Federal Reserve will cut interest rates in September, as well as rising economic & geopolitical uncertainty, along with expectations of a reduction in US interest rates. Globally - Oil Prices Continue To Rise In Early Trading. ARTICLE: Oil prices rose on Thursday after US New strikes against Iran to diminish hopes of ending the war & reopening Strait of Hormuz Completely. ‎By 00:54 GMT, crude futures had risen.Brent" at 1% to $78.8 per barrel. The futures contracts for West crude increased. Texas The US broker is 1.01% to $74.26. ‎Before that, the two benchmarks at the settlement reached their highest levels in more than two weeks after the US president threatened Donald Trump Bombing Iran Last night. ‎He said U S Army He carried out new strikes on Iran in order to keep Strait of Hormuz vitality is open to navigation, hours after saying Trump The interim agreement to end the war is “over.”

Here's some articles of GCR interests... -Iraq Weekly Economic & Geo-Political Report. Treat as rumors. Not verified. Your opine. WSJ: Pentagon Seeks $80 Billion In Additional Funding To Cover The Cost Of A War With Iran. ARTICLE: The Wall Street Journal, citing informed sources, reported that US Deputy Secretary of Defense Stephen Feinberg told lawmakers in telephone calls this week that the Defense Department needs $80 billion to cover the costs of a war with Iran, in addition to other non-war-related expenses. The newspaper added that a full supplemental funding request, including funding for the Pentagon as well as non-defense priorities such as agricultural aid & disaster relief, may be sent to lawmakers in the coming days. Reuters was unable to immediately verify the report. Neither the WH nor the Pentagon could be reached for comment outside of business hours when contacted by Reuters, according to the news agency. A Pentagon official told Reuters in April that the Iran war cost about $25 billion, providing the first official estimate of the war's costs. The full cost of the conflict, which Trump initiated in cooperation with Israel on February 28, remains a point of contention in Congress. An initial request for $200 billion in additional funding was met with strong opposition from lawmakers. In April, White House Budget Office Director Russell Vought told a House Budget Committee hearing that he had no estimates for the cost of the war, as part of his defense of Trump’s request for an annual military budget of $1.5 trillion. The proposed budget reflects the Republican Party's priorities ahead of the midterm elections in November, as the party tries to maintain control of Congress but faces growing concern from voters about rising living costs, energy prices & the financial burden of the Iran war. Al-Zaydi Issues 5 Directives Regarding The Work Of Border Crossings & Customs. ARTICLE: PM & Commander-in-Chief of the Armed Forces Ali al-Zaidi issued 5 directives concerning the work of border crossings & customs. These directives came in light of the conference held on 15/6/2026 in the presence of the PM & Commander-in-Chief of the Armed Forces. The Commander-in-Chief directed the completion of the following procedures: 1- Rotate all employees at border crossings without exception & within (48) hours & the Border Crossings Authority must submit a position supporting the implementation of the order. 2- Obliging the Ministry of Interior - Border Forces Command to close all gaps and unauthorized land & sea border crossings, while rotating all commanders of brigades & units in the Border Forces Command. 3- All officers, affiliates & employees assigned to work in the Border Ports Authority shall be returned to the Ministry of Interi& the separation shall be within (48) hours & without exception. 4- Obliging the security & intelligence agencies, including (the Intelligence Service Office, the Int'l Intelligence Office, the Customs Police Station, the Explosives Detachment, the Narcotics Division. Al-Zaydi Issues 5 Directives Regarding The Work Of Border Crossings & Customs Iraq Economics. Updates: ARTICLE: PM & Commander-in-Chief of the Armed Forces Ali al-Zaidi issued 5 directives concerning the work of border crossings & customs. These directives came in light of the conference held on 15/6/2026 in the presence of the PM & Commander-in-Chief of the Armed Forces. The Commander-in-Chief directed the completion of the following procedures: 1- Rotate all employees at border crossings without exception and within (48) hours & the Border Crossings Authority must submit a position supporting the implementation of the order. 2- Obliging the Ministry of Interior - Border Forces Command to close all gaps & unauthorized land & sea border crossings, while rotating all commanders of brigades & units in the Border Forces Command. 3- All officers, affiliates & employees assigned to work in the Border Ports Authority shall be returned to the Ministry of Interior & the separation shall be within (48) hours & without exception. 4- Obliging the security & intelligence agencies, including (the Intelligence Service Office, the Internal Intelligence Office, the Customs Police Station, the Explosives Detachment, the Narcotics Division & the (9k) detachments), to take their role by activating their security & intelligence role within the port & monitoring the non-passage of any prohibited materials or drugs through all border ports & submitting periodic reports directly to the Director of the border port in his capacity as head of the intelligence cell. These agencies bear the legal responsibility in the event of any security breach or illegal crossing. 5- Obliging the employees of the General Authority of Customs to conduct a thorough inspection of all goods entering the country without exception & not to allow any truck to pass through except after conducting an inspection & verifying the details of the cargo & the (9k) detachments), to take their role by activating their security & intelligence role within the port & monitoring the non-passage of any prohibited materials or drugs through all border ports & submitting periodic reports directly to the Director of the border port in his capacity as head of the intelligence cell. These agencies bear the legal responsibility in the event of any security breach or illegal crossing. Iraq Receives Notification From The Int'l Transport Federation Confirming Significant Progress In Implementing The TIR System. ARTICLE: The Ministry of Transport announced on Friday that Iraq has received notification from the Int'l Transport Federation confirming that it has made significant progress in implementing the TIR system. The Director of the Land Transport Department of the Technical Department at the Ministry of Transport, Israa Hanoun, stated that “a notification from the Int'l Road Transport Union (IRU) reached the TIR Convention contact point at the Iraqi Ministry of Transport bearing the phrase (Iraq is stealing the offer) in a clear message confirming that Iraq has made high progress in implementing the TIR system during the year 2025.” Hanoon explained that "the system has been fully operational & seven new int'l routes have been opened across Iraqi territory within eight months & more than (1000) int'l transport operations have been carried out," noting that "the notification also confirms the continued adoption of the TIR system for the movement of goods in transit by land across Iraqi territory, which contributes to enhancing the efficiency & security of international trade & consolidating Iraq's position as an important regional logistics corridor." Gold Is Heading For Its 3rd Weekly Loss Amid A Rising Dollar. ARTICLE: Gold prices lower on Friday & are on track for their third consecutive weekly decline, as a stronger Ddollar & dovish signals from the Federal Reserve weighed on the non-yielding metal. Spot gold fell 0.5% to $4,189.26 an ounce by 0043 GMT. US gold futures for August delivery dropped 0.9% to $4,207.80. The Dollar remained near its highest level in a year, increasing the cost of gold priced in the US currency for holders of other currencies. Iraq Receives Notification From The Int'l Transport Federation Confirming Significant Progress In Implementing The TIR. ARTICLE: The Ministry of Transport announced on Friday that Iraq has received notification from the International Transport Federation confirming that it has made significant progress in implementing the TIR system. The Director of the Land Transport Department of the Technical Department at the Ministry of Transport, Israa Hanoun, stated that “a notification from the Int'l Road Transport Union (IRU) reached the TIR Convention contact point at the Iraqi Ministry of Transport bearing the phrase (Iraq is stealing the offer) in a clear message confirming that Iraq has made high progress in implementing the TIR system during the year 2025.” Hanoon explained that "the system has been fully operational and seven new int'l routes have been opened across Iraqi territory within eight months & more than (1000) international transport operations have been carried out," noting that "the notification also confirms the continued adoption of the TIR system for the movement of goods in transit by land across Iraqi territory, which contributes to enhancing the efficiency & security of international trade & consolidating Iraq's position as an important regional logistics corridor." Gold Is Heading For Its Third Weekly Loss Amid A Rising Dollar. ARTICLE: Gold prices edged lower on Friday and are on track for their third consecutive weekly decline, as a stronger Dollar & dovish signals from the Federal Reserve weighed on the non-yielding metal. Spot gold fell 0.5% to $4,189.26 an ounce by 0043 GMT. U.S. gold futures for August delivery dropped 0.9% to $4,207.80. The Dollar remained near its highest level in a year, increasing the cost of gold priced in the US currency for holders of other currencies. Bitcoin Continues Its Decline & Is Heading Towards The $60,000 Level. ARTICLE: Bitcoin continued its decline towards the $60,000 level & this decline is due to increasing concerns about the collapse of the funding mechanism of the company “Strategy”, in addition to concerns about raising interest rates that weaken the demand for high-risk assets. The largest cryptocurrency had fallen below this level two weeks ago for the first time since late 2024. The currency, which fell as much as 3.3% to $62,220 on Thursday, has lost about 50% of its value since reaching its highest level in October of that year. Traders focused their attention on the share price of "Stretch," a subsidiary of "Strategy," which the largest company with Bitcoin holdings uses to fund recent purchases. The price fell to record lows, making the sale of these securities unprofitable for the company headed by Michael Saylor. Saylor had sparked market concerns earlier this month by selling a small amount of Bitcoin, after urging its holders for years not to sell their digital currencies.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top story: -Oil Accounts For 84% Of Iraq's Revenues In EMixedarly 2026. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Oil Accounts For 84% Of Iraq's Revenues In Early 2026. ARTICLE: Oil revenues totaled 26.121 trillion Iraqi Dinars ($17B), accounting for 84% of Iraq's total income of 31.163 trillion Dinars ($20B) during the first four months of 2026, according to federal government state accounts through April. Actual spending reached 37.835 trillion Dinars ($25B) during the January-April period, leaving a Budget deficit of 6.672 trillion Dinars ($5B). Non-oil income stood at 5.041 trillion Dinars ($4B), representing the remaining 16% of total revenues. Current expenditures amounted to 36.444 trillion Dinars ($24B), while investment spending reached 1.391 trillion Dinars ($902M). Financial news digest. Iraq, OPEC's 2nd-largest oil producer, relies on crude exports for about 90% of federal income, a dependence that has come under pressure after the war in Iran disrupted shipping through the Strait of Hormuz, which carries around 20% of global oil supplies. In late March, economic expert Nabil Al-Marsoumi estimated that Iraq had reduced production by around 2.9 million barrels per day, the steepest cut among OPEC members. Financial Crisis & A Missing Budget. The Economy Is On The Brink Of Collapse. ARTICLE: The financial situation in Iraq is witnessing escalating challenges in light of the continued pressure on the General Budget & the delay in its approval, which raises concerns about the repercussions on the financing of service projects & basic government obligations, at a time when calls are increasing to adopt economic reforms and diversify sources of income to reduce dependence on oil. In this regard, economic analyst Muayad Al-Ali confirmed in a statement to Al-Maalouma Agency that “the current government is facing increasing financial pressures with regard to financing service & investment projects, in addition to its basic obligations such as employee salaries,” indicating that “this reality poses real challenges to its ability to implement its development programs without affecting financial stability.” He added that “continuing to rely on oil as the sole source of income makes the Iraqi economy vulnerable to global fluctuations, which necessitates a serious move towards diversifying revenue sources & activating other productive sectors.” Al-Ali pointed out that “combating corruption and recovering looted funds are a fundamental pillar for improving the financial situation, along with the need to set clear priorities in government spending & focus on service projects that have a direct impact on the lives of citizens.” He warned that “any expansion of internal or external borrowing without careful study could put pressure on the country’s economic & political decision-making,” stressing that “maintaining financial reserves is an important priority at the present stage.” He concluded by saying that “the government’s success in the financial file depends on its ability to achieve a balance between securing salaries & financing projects, while adopting a more diversified and sustainable economic policy.” In the same context, Hussein Al-Daraji, a member of the parliamentary finance committee, stated to Al-Maalouma News Agency that "the current data does not indicate the possibility of approving the General Budget during the current year in light of the existing financial & economic challenges." He added that "the parliamentary finance committee will begin holding intensive meetings during the next legislative session to study suitable alternatives through which the continued funding of state institutions and the covering of necessary expenses can be ensured." He noted that "the next phase requires developing financial & economic solutions that are appropriate to the current reality & ensure the continued fulfillment of government & service obligations." He affirmed that "the Finance Committee will work in coordination with relevant authorities to arrive at realistic solutions that contribute to overcoming the existing financial challenges." It should be noted that the next phase requires more realistic financial and economic measures to ensure the continued funding of state institutions & the coverage of necessary expenditures, along with the need to proceed with structural reforms that contribute to strengthening financial stability & reducing dependence on oil resources as the sole source of revenue. Iraq: Between Oil Abundance & Financial Deficit. Calls For Economic Reform. ARTICLE: The Iraqi economy faces a stark paradox that raises many questions in political & public circles. Despite the massive financial inflows resulting from oil sales, official indicators still point to a Budget deficit & difficulties in securing public funds. This reality has placed the country's fiscal policy under intense scrutiny, amid escalating warnings about the lack of oversight & the squandering of revenues. Simultaneously, the door has been closed to easy & dangerous solutions such as printing money, leaving the government with only one option: comprehensive structural reform. In this regard, former MP Abdul Qadir Muhammad confirmed in a statement to Al-Maalouma Agency that “Iraq witnessed large financial inflows from oil sales that were supposed to be reflected in the service & economic reality, but the weakness of financial management & the absence of oversight contributed to the failure to achieve the desired results.” He added that “the continued talk about financial difficulties in securing public expenditures reveals the existence of financial waste & weakness in coordination mechanisms between state institutions, which has led to the continuation of the deficit gap despite the available resources.” He pointed out that “addressing the financial crisis requires tightening control procedures, rearranging public spending priorities, and reducing financial waste, in order to ensure optimal utilization of oil revenues.” Mohammed concluded by saying that “excessive reliance on oil without genuine economic reforms will keep the economy vulnerable to fluctuations & hinder the government’s ability to achieve sustainable financial stability.” In the same context, economic expert Rashid Al-Saadi confirmed in a statement to Al-Maalouma Agency that “the CBI cannot print new paper currency to address the financial deficit that the country is experiencing, & its role, according to the prevailing law, is limited to printing replacement currency for torn & worn banknotes, as well as compensating for internal commissions.” He added that “the CBI did not resort to printing new paper currency, as this step is considered a violation of Law No. 56 of 2004,” explaining that “the bank relies on a global economic plan to raise the country’s economy according to the prevailing perspective, without the need to resort to printing new currency for fear of experiencing a financial setback.” Al-Saadi explained that “the country’s economy will recover in the coming period & regain its economic standing without the need for external borrowing.” Experts believe that escaping the cycle of recurring financial crises lies not in temporary fixes or measures that violate banking laws, but rather in an administrative revolution that controls public spending & curbs waste. The recovery of the Iraqi economy & avoiding the trap of external borrowing remain contingent on the seriousness of institutions in reducing their dependence on oil & transforming financial surpluses into tangible development projects that improve the quality of services provided to citizens. Standard & Poor's: The Iraqi Economy Is Moving Steadily Towards Strengthening Financial Sustainability Despite Regional Challenges. ARTICLE: Standard & Poor's (S&P) credit rating agency issued its June 2026 report, confirming Iraq's rating at (B-/B) & removing the previously assigned credit watch. The agency stated in its report that "the Iraqi economy is steadily progressing towards strengthening fiscal sustainability despite regional challenges." It also predicted that "increased oil production during 2026 will be a crucial support for Iraq in the face of global price volatility & surrounding geopolitical tensions." The agency commended the Iraqi authorities' efforts to redirect some oil export channels following recent events & diversify export routes after Cabinet approval, as part of plans aimed at increasing oil exports & diversifying the country's electricity & gas sources. This has led to investments in power plants & liquefied natural gas during 2025. The agency also predicted a gradual & sustained recovery in oil production & exports in the second half of the year, with Iraq's real GDP expected to rise by about 13% in 2027. According to the report, large international reserves, in addition to liquid assets directly available to the government (estimated at about 11% of GDP, including foreign deposits), will provide Iraq with some flexibility, including the ability to meet its debt obligations in both local & foreign currencies on time & in full. Luigi's two cents worth... The economic news out of Iraq is mixed with some success & some misses. The good news: Iraq's total dependence on oil is down from 94% to 84% over two years. Standard & Poors gives Iraq a good credit rating. Iraq continues to work without a 2026 Budget & this is the one crisis Iraq is facing head on. Will Zaidi pursuade Trump to increase Iraqi oil exports To US by an additional 500,000 b/per day. Iraq strives to become US #1 supplier of oil & liquified gas. This action will boost the Iraqi economy while US consumers can help finance Iraq's debts. A win-win situation for both the US & Iraq. IMHO.

Here's some articles of Dinarian intersts... Direct From The SANDBOX Report. The top story: Weekly Trading Value On Iraq Bourse ISX Plunges 94%. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Crude Prices Fall To March Lows On US-Iran Accord. ARTICLE: Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump ‌& Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.08, or 4.7%, to $83.25 a barrel by 0415 GMT & U.S. West Texas Intermediate was at $80.53, down $4.35, or 5.1%. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3% on Friday. The US & Iran will sign a memorandum of understanding in Switzerland on Friday, said the PM of ⁠Pakistan, whose country has served as a mediator. Trump said on Sunday that the Strait of Hormuz would be open "toll free" & that a US naval blockade of Iranian ports would also end. Iran's semi-official Mehr news agency said the draftdeal called for reopening the Strait of Hormuz within 30 days under Iranian arrangements. "The geopolitical risk premium that had been built into crude is now being unwound quite aggressively as traders price in the prospect of restored oil flows," said Tim Waterer, chief market analyst at KCM Trade. The world has lost millions of barrels of oil & gas supply since the war closed the Strait of Hormuz, a chokepoint for a fifth of the world's oil & liquefied natural gas supplies, for more than three months. Investors are also watching cautiously how ‌quickly ⁠Middle Eastern producers can resume oil production& exports following damage from the war & whether more ships will enter the region. "While these uncertainties suggest upside risks to our forecast for Brent oil futures to reach $80/bbl by the end of the year, it's worth noting that oil flows through the Strait of Hormuz just needs to reach 60-70% of pre-war levels to return oil markets to pre-war oversupplyexpectations," Vivek Dhar, a ⁠commodities strategist at Commonwealth Bank of Australia, said in a note. Iran's deputy foreign minister, Kazem Gharibabadi, said a more expansive agreement would be negotiated during a 60-day ceasefire period. E4 nations, which include the UK, France, Germany & Italy, said on Sunday the countries were prepared to lift sanctions on Iran ⁠in response to steps on its nuclear programme. "Beyond the immediate price reaction, attention will now shift toward the pace of actual supply normalization & compliance with the agreement," said Priyanka Sachdeva, senior market analyst at Phillip Nova. "While the conflict may have come to ⁠an end & oil flows through the Strait of Hormuz may gradually return to normal, the damage already done cannot be reversed overnight. This includes not only any physical damage to oil infrastructure but also the economic strain endured byoil importing economies that have faced elevated energy costs for months." Baghdad Requests Extension Of Kirkuk-Ceyhan Oil Deal. ARTICLE: Iraq has formally asked Turkiye to extend the agreement covering the oil pipeline linking Kirkuk to the Turkish port of Ceyhan for at least one year, seeking additional time to negotiate a new arrangement for crude exports through the route. Ali Nizar, Iraq's State Oil Marketing Organization (SOMO) chief, also told Reuters that the country exported around 12 million barrels of crude through its southern ports since the beginning of June. The Kirkuk-Ceyhan accord is set to expire on July 27, ending decades of cooperation on oil shipments between Iraq & Turkiye. USD Edges Lower In Baghdad & Erbil. ARTICLE: The USD opened Monday’s trading lower in Iraq, hovering around 154,500 Dinars per 100 Dollars in Baghdad & Erbil. According to Shafaq News market survey, the Dollar traded in Baghdad's Al-Kifah and Al-Harithiya central exchanges at 154,200 Dinars per 100 Dollars, down from 154,600 Dinars recorded on Sunday. In the Iraqi capital, exchange shops sold the Dollar at 154,750 Dinars per 100 Dollars & bought it at 153,750 Dinars. In Erbil, the Dollar was selling at 153,850 Dinars per 100 Dollars & buying at 153,800 Dinars. Iraq-Jordan Power Link Expected To Finish In Three Months. ARTICLE: The Iraq-Jordan electricity interconnection project has entered its final stages, with the transmission line linking Al-Rutba & Al-Qaim districts in western Al-Anbar province expected to be completed within the next three months, a senior local official told Shafaq News on Monday. Al-Rutba District Commissioner (Qaimaqam) Imad Al-Dulaimi said the district has received uninterrupted electricity from Jordan for nearly three years through a 132-kilovolt line. The expansion will increase transmission to 400 kilovolts & extend coverage to Al-Qaim. The first stage is expected to add around 200 megawatts to Iraq's grid through the National Control Center of the Electricity Ministry, Al-Dulaimi noted, while stressing that broader reforms remain necessary. Those efforts include linking Iraq to the Gulf power network & expanding domestic production, including the planned Al-Anbar thermal power station. Official figures show Al-Anbar currently receives between 600 & 650 megawatts, compared with demand estimated at 2,700 to 3,000 megawatts, limiting service to six to eight hours a day. Former Electricity Minister Ziad Ali Fadhil inaugurated the initial phase in Al-Rutba in March 2024. Iraq remains heavily reliant on electricity & gas imports from Iran, particularly during the summer. The challenge has intensified since Washington revoked a sanctions waiver that allowed Baghdad to continue purchasing Iranian energy. Electricity Minister Ali Saad Waheeb this month ordered the creation of a central emergency operations room after ministry officials warned that lower domestic gas output & a 50% drop in imports from Iran could strain the system during the summer of 2026. Gold Prices Rise In Baghdad & Erbil. ARTICLE: Gold edged higher in Baghdad & Erbil on Monday, hovering around 930,000 IQD per mithqal, according to Shafaq News market survey. Wholesale prices on Baghdad's Al-Nahr Street recorded a selling price of 935,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 931,000 IQD, up from Sunday’s 917,000 IQD. The selling price for 21-carat Iraqi gold stood at 905,000 IQD, with a buying price of 901,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 935,000 & 945,000 IQD, while Iraqi gold sold for between 905,000 & 915,000 IQD. In Erbil, 22-carat gold was sold at 988,000 IQD per mithqal, 21-carat gold at 943,000 IQD & 18-carat gold at 808,000 IQD. Weekly Trading Value On Iraq Bourse Plunges 94%. ARTICLE: The Iraq Stock Exchange (ISX) recorded more than four billion Iraqi Dinars (roughly $3M) in trading value last week, marking a 94% decrease compared with the previous week. According to market data, 2.699 billion shares were traded worth 4.390 billion Dinars, down 96% in volume from last week, through 6,278 transactions. The ISX60 index closed at 954.14 points, reflecting a 0.37% decrease from the previous session. Investors traded shares of 57 companies, while 35 others saw no activity due to unmatched buy & sell orders. Eleven companies remained suspended for failing to submit required disclosures. Non-Iraqi investors purchased 456 thousand shares worth one million dinars through five transactions, while selling 15 million shares valued at 60 million Dinars through 44 transactions. The Iraq Stock Exchange holds five trading sessions per week, from Sunday to Thursday & includes 104 listed Iraqi joint-stock companies representing the banking, telecommunications, industry, agriculture, insurance, financial investment, tourism, hotel & service sectors.

Here's some articles of Dinarian interests... The top headline: -Iraq Woos Foreign Investors To Help Turn I'ts Fortunes Around. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Investing in Iraq: Moves To Strengthen Partnerships & Transform The Country Into A Platform For Economic Exchange. ARTICLE: Three main messages summarized the Iraqi presence at the Geneva Economic Forum: Geography is an asset, crises can be turned into stability & the private sector needs int'l protection. The head of the Federation of Chambers of Commerce, Amer Al-Fahdawi, emphasized to the Swiss & Arab side that Iraq’s current qualifications require an organized international dialogue that paves the way for the flow of capital & the building of smart partnerships that go beyond the traditional frameworks of trade. The Federation of Iraqi Chambers of Commerce stated in a statement, which was reviewed by (Shafaqna Iraq), that “within the framework of strengthening international trade relations, the President of the Federation of Iraqi Chambers of Commerce, Amer Al-Fahdawi, participated in the opening of the activities of the Arab-Swiss Business Forum.” He explained that “this forum is organized by the Arab-Swiss Chamber of Commerce & Industry in cooperation with the Union of Arab Chambers & the League of Arab States Mission in Geneva.” He added that “the forum’s work focuses on analyzing the impact of geopolitical crises on the business environment & vocational education, as well as exploring the role of the private sector & the creative economy in shaping the jobs of the future in light of the rapid developments in artificial intelligence.” Iraq's Location & Resources: Al-Fahdawi stressed, during his participation in the session, according to the statement, that “speaking from an Iraqi perspective has great significance, as Iraq is not an observer of what is happening, but rather is at the heart of geopolitical & economic interactions.” He explained that “Iraq’s geographical location, its wealth, its Arab depth & its trade connections with the world make it quickly affected by any disturbances in the region, but at the same time make it capable of being part of the solution & economic stability.” He pointed out that “the economic reality requires organized work on several fronts, including enhancing the flexibility of the private sector, protecting workers, developing skills, building international partnerships & working to transform Iraq into a platform for economic communication with the world.” He pointed out that “the current stage requires a mechanism for dialogue & joint work between Arab & int'l chambers of commerce to monitor the impact of crises on companies & the labor market, enhance cooperation & build new economic bridges with int'l economic institutions in order to strengthen the Iraqi economic situation & increase the flow of investments into the Iraqi market, given the diverse economic assets that Iraq possesses, which require highlighting them through int'l institutions.” Tishwash: The head Of The Federation of Chambers Of Commerce Calls For Int'l Partnerships To Boost Investment In Iraq. ARTICLE: The head of the Federation of Iraqi Chambers of Commerce, Amer Al-Fahdawi, called for building int'l partnerships to boost investment in Iraq. The Federation stated in a press release that Al-Fahdawi participated in the opening of the Arab-Swiss Business Forum. The statement explained that the forum was organized by the Arab-Swiss Chamber of Commerce and Industry in cooperation with the Union of Arab Chambers & the League of Arab States Mission in Geneva. It further explained that the forum's activities focused on analyzing the impact of geopolitical crises on the business environment & vocational education, in addition to exploring the role of the private sector & the creative economy in shaping future jobs in light of the rapid developments in artificial intelligence. According to the statement, Al-Fahdawi emphasized during his participation in the session that speaking from an Iraqi perspective is particularly significant, as Iraq is not merely an observer of events but is at the heart of geopolitical & economic interactions. He pointed out that Iraq's geographical location, its resources, its deep Arab roots & its trade connections with the world make it highly susceptible to any regional instability, but at the same time enable it to be part of the solution & contribute to economic stability. He explained, "The economic reality necessitates organized work on several fronts, including strengthening the resilience of the private sector, protecting workers, developing skills, building int'l partnerships & working to transform Iraq into a platform for economic engagement with the world." He pointed out, "The current phase requires a mechanism for dialogue & joint action between Arab & int'l chambers of commerce to monitor the impact of crises on companies & the labor market, enhance cooperation & build new economic bridges with int'l economic institutions. This aims to bolster the Iraqi economy & increase the flow of investments into the Iraqi market, given Iraq's diverse economic potential, which requires highlighting through int'l institutions." Tishwash: Al-Zidi's Visit To Washington: A Government Move Towards Economic Openness. ARTICLE: Al-Zaidi's visit to Washington represents an important milestone for testing the government's ability to balance economic issues & political pressures, as it seeks to attract investments & reposition Iraq regionally. The announcement of the visit came during a meeting between Al-Zaidi & businessmen and representatives of the private sector & local banks, where he confirmed that the delegation would include economic figures with the aim of expanding mutual investment opportunities & economic partnerships between the two countries. The visit is of particular importance as it is al-Zidi's 1st to Washington since assuming the premiership & it comes months after an official invitation extended to him by US President Donald Trump following his appointment to form the government, when he spoke of a "new chapter" in relations between the two countries. The visit also coincides with a period in which Baghdad is undergoing transformations on both the security & political levels, most notably the project to restrict weapons to the state & restructure armed factions, as well as the repercussions of regional tensions & the recent war between Iran & Israel and the economic & security challenges it has left for Iraq. Messages that go beyond economics: For his part, Iraqi political affairs expert Majashaa Al-Tamimi said that “Al-Zaidi’s visit to Washington, accompanied by businessmen, has political dimensions that go beyond the direct economic aspect, especially since it comes at a stage that is witnessing the redrawing of many balances within the region.” Al-Tamimi added that “through this visit, the Iraqi government is trying to present itself as a partner capable of building balanced relations with the US without engaging in the politics of axes & it also seeks to show that Iraq is open to investments & int'l partnerships according to the logic of common interests.” He explained that “bringing businessmen along gives the visit a practical dimension & sends a message to the inside & outside that the government wants to move from traditional political discourse to focusing on the economy, development & job opportunities,” noting that “the visit also shows Baghdad’s desire to strengthen its regional & int'l position through stable relations with Washington.” According to economists, the visit comes at an important time for Iraq, as it coincides with ongoing American pressure regarding the issue of armed factions & Iranian influence, as well as Baghdad’s need for economic & investment support to help it overcome the challenges imposed by the recent regional turmoil. Partnerships & Investments: On the economic side, the government affirms that the next phase will witness the launch of a development fund with substantial capital & participation from the CBI, in addition to plans to finance new productive and industrial projects aimed at diversifying the economy & reducing dependence on oil. The anticipated visit coincided with one of the most difficult financial crises that Iraq has faced in recent years, following the disruption of oil export routes through the Strait of Hormuz & the accompanying disruption to oil revenues, which represent the backbone of the General Budget. Faced with this reality, Baghdad began searching for new funding sources through the WB & int'l lending institutions, in parallel with efforts to attract American & Western investments, in an attempt to mitigate the effects of the crisis & provide additional sources of support for the Iraqi economy. Iraq Is A Promising Market In Energy, Industry, Housing & Infrastructure: In this context, economic researcher Sarmad Al-Shammari said that “the visit represents an important opportunity for Iraq to reintroduce itself to American & int'l investors as a promising market with great opportunities in the energy, industry, housing & infrastructure sectors.” He added that “the participation of businessmen in the government delegation gives the visit a clear economic character, because the government seeks to transform political relations with Washington into real investment partnerships that will be reflected in the local economy.” He explained that “Iraq needs billions of Dollars in investments in multiple sectors in the coming years & it also needs the transfer of technology & administrative & industrial expertise, which makes the US an important partner at this stage.” He pointed out that “the success of the visit will be measured by the government’s ability to transform meetings & agreements into actual projects that provide job opportunities, support the private sector & contribute to diversifying sources of income.” The recent war has had direct repercussions on the investment environment in Iraq, after several foreign companies left or reduced their field presence, particularly in the oil, energy & services sectors. Tishwash: Kujer Warns - A Financial Catastrophe That Could Hinder Salary Payments Due To Dependence On Oil. ARTICLE: MP Jamal Kojar warned on Sunday of a potential financial catastrophe facing Iraq due to financial mismanagement and excessive reliance on oil revenues. He explained that recent regional tensions have had significant economic repercussions for the country. Kojar told the Information Agency, "Iraq is experiencing a severe financial crisis due to poor financial management & the lack of effective economic plans to address the challenges facing the nat'l economy." He added, "The recent tensions in the region have significantly impacted energy supplies & global markets, which has directly affected countries whose economies depend on oil revenues." He pointed out that "the near-total dependence on oil has exacerbated the financial crisis in Iraq & made the economy more vulnerable to external fluctuations & crises," warning that "the continuation of this situation could lead the country to a real financial catastrophe that might prevent the government from fulfilling its financial obligations, primarily paying salaries." He emphasized that "the current economic repercussions are significant & require swift action to reform financial management, diversify nat'l income sources & reduce dependence on oil as the sole source of revenue." Tishwash: Rixos Baghdad: A Complete Lifestyle In One Destination. ARTICLE: In an era where cities are developing destinations that reflect their economic dynamism & keep pace with modern lifestyles, mixed-use projects are becoming increasingly important as a key feature of contemporary development. These projects are not simply about bringing together different facilities in one location; rather, they are about developing a daily lifestyle that integrates living, working, leisure & social interaction into a comprehensive experience, akin to a "city within a city." Today, Baghdad is preparing to host one of the most prominent projects that embody this trend, with the Rixos Baghdad Hotel & Apartments, which offers the 1st experience of int'l branded residences in Iraq, within a project that includes luxury housing, int'l hospitality, recreational facilities & daily services, according to the concept of the "Integrated Lifestyle Ecosystem ". From A Traditional Hotel To An Integrated Hotel Complex: Rixos Baghdad, with its comprehensive operating model, transcends the traditional hotel concept based on separate facilities performing specific functions, where luxury is linked to opulence & quality of design, as much as it is linked to a lifestyle based to the same degree on comfort, efficiency of the daily experience & easy access to various services & facilities within one connected destination. The project was designed to reduce time, effort & constant commuting by bringing together the various needs of residents & visitors, allowing easy movement between accommodation, work, restaurants, sports& health facilities, shopping & entertainment, without having to leave, within an escalating global model in which the quality of experience & ease of access to daily needs have become an essential part of the modern concept of well-being. To achieve this, the project includes luxury apartments, private villas & hotel rooms, along with five int'l restaurants & cafes, a health & fitness club & sports facilities including padel, tennis & swimming pools, in addition to a shopping mall that serves as a central hub for activity & services within the project. All these facilities & services function as interconnected parts within a single system, where each element complements the others in perfect harmony. This system reflects Rixos' globally renowned philosophy of offering a luxury resort lifestyle, where hospitality is integrated with everyday experiences, social activities & facilities designed for interaction & connection within a cohesive environment. This embodies a service culture focused on quality of experience & attention to detail, while also providing a vibrant atmosphere that fosters social interaction & makes the resort a natural part of the daily lives of residents & visitors. Thus, the experience at Rixos Baghdad is not limited to simply using the facilities & services, but rather constitutes an integrated lifestyle, in which residents & visitors feel that the place has become a natural extension of the details of their daily lives & part of the social & professional circle within which their relationships & experiences move, thus enhancing their sense of belonging to it; as if it were the city whose pulse they live every day & the home to which they always return. Global Operation That Supports Quality & Long-Term Sustainability: In addition, Rixos Baghdad is based on a global operating system led by Accor, one of the world’s largest hospitality groups, which manages more than 5,600 hotels within a portfolio of more than 850,000 rooms & more than 45 int'l hotel brands. The presence of this global operator is a pivotal element in managing the daily experience within the project, by standardizing the standards of operation, services & hospitality according to advanced int'l standards, thus ensuring the continuity of quality & maintaining the level of experience in the long term. This model also enhances the sustainability of demand & maintains the long-term value of the project, at a time when int'l branded residential units depend primarily on the strength & operational experience of the operator, as these are among the most important factors that give this type of project its appeal & stability. The Rixos Baghdad Hotel & Apartments project reflects a broader shift in the nature of projects that are shaping modern cities, keeping pace with rapid changes in lifestyle & contributing to the formation of economic & social centers of attraction that are more in line with the requirements of contemporary life

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top headlines are: -Finance Committee Rules Out Approving The 2026 Budget. -CBI Denies Printing Money To Fund Salaries. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Finance Committee Rules Out Approving The 2026 Budget & Confirms: Salary Payments Will Not Be Affected. ARTICLE: The parliamentary finance committee explained that approving the 2026 Budget is unlikely given the ongoing work to complete the government program & the cabinet, while stressing that the current priority is securing salaries & addressing the economic challenges facing the government. Finance Committee member, Ribwar Karim, told the official newspaper, as reported by "Economy News," that "this year's Budget will most likely not exist & work will begin on studying the 2027 Budget, stressing that securing salaries will not be affected & that the government has very large capabilities to address the deficit through internal or external borrowing or by using the CBI." Karim added that "everyone agrees on supporting the government's efforts in securing salaries & reaching the next Budget, indicating that things will be clearer in the next Budget with regard to the effects of the Strait of Hormuz & oil prices & expanding revenues, especially after the application of the Customs Tariff Law & the ASYCUDA system, which will provide greater diversity in sources of income." Karim explained that the absence of a Budget until the middle of the fiscal year is directly related to the government program, especially since the government is still in the process of completing its formation & the House of Representatives has granted the PM the necessary confidence and powers. He stressed that the Finance Committee is ready to support the government in facing the economic challenges, whether the 2026 Budget is presented or not, indicating that any move to legislate an alternative law similar to the Food Security Law has not been proposed yet & the matter is left to the request of the government & the PM’s vision for the next stage. CBI Denies Printing Money To Fund Salaries. ARTICLE: The Central Bank of Iraq (CBI) rejected on Sunday claims that it is printing money to cover government salaries, following remarks by Foreign Minister Fuad Hussein about printing 25 trillion Iraqi dinars to address the country's financial crisis. Discounting treasury bills differs fundamentally from issuing currency, the bank stressed, describing the former as a standard mechanism used by central banks to provide temporary liquidity against government debt that is repaid at maturity. However, issuing money without corresponding assets is prohibited under Iraq’s CBI Law No. 56 of 2004 because it can fuel inflation & weaken the nat'l currency. CBI pointed out that its role is to manage monetary policy & protect the financial system rather than serve as a permanent source of Budget financing, adding that any exceptional measures are implemented under strict controls & according to economic requirements. “The current circumstances highlight the need for long-term fiscal policies aimed at building financial buffers capable of absorbing economic shocks & oil market volatility,” the bank said, calling for greater economic diversification, broader revenue sources & efficient public debt management to reduce the impact of future crises & preserve overall economic stability. A Busy Week For Financial Markets: Markets Await Spacex's IPO And Inflation Data Amid Interest Rate Concerns. ARTICLE: Investors began the week amid sharp fluctuations in global markets, following last week's heavy losses that pushed major US indices lower, as investors reassessed expectations of interest rate hikes this year. The S&P 500 fell 2.6% on Friday, posting a similar weekly loss, while the Dow Jones Industrial Average declined 1.4% on the same day, ending the week down 0.6%. The Nasdaq Composite suffered the biggest losses, plunging 4.2% on Friday & closing the week down 4.7%. This week, markets are focused on several key economic and financial events, most notably the highly anticipated initial public offering (IPO) of Elon Musk's SpaceX, as well as major corporate earnings reports & crucial US inflation data. Oracle is scheduled to announce its earnings on Wednesday, followed by Adobe's results on Thursday, while investors await indicators related to the artificial intelligence & cloud computing sectors. The most significant event is the anticipated initial public offering (IPO) of SpaceX on Friday, one of the largest in market history, with a price tag of $135 per share, potentially valuing the company at around $1.78 trillion. Investors are closely watching the impact of the listing on the Nasdaq indices and the potential for a significant rebalancing of index funds. Economically, attention is focused on US inflation data, with the Consumer Price Index (CPI) due on Wednesday, followed by the Producer Price Index (PPI) on Thursday. The Federal Reserve continues to monitor inflation as part of its monetary policy decisions. The week concludes with the release of the University of Michigan's Consumer Sentiment & Inflation Expectations report, offering further insights into the overall mood of American households after the index fell to a historic low last month. This momentum comes as investors attempt to balance relatively strong economic data with concerns about persistent inflationary pressures & the possibility of tighter monetary policy in the near future. Iraqi Oil Exports To US Resume At 43,000 Bpd. ARTICLE: US imports of crude oil from Iraq, OPEC's 2nd-largest producer, rose to 43,000 barrels per day (bpd) last week after no imports were recorded a week earlier, according to data from the US Energy Information Administration (EIA). The increase placed Iraq eighth among the 10 main suppliers of crude oil to the US during the reporting week. Canada remained the largest exporter to the US market with 3.677 million bpd, followed by Venezuela at 568,000 bpd, Brazil at 414,000 bpd, Mexico at 323,000 bpd, Ecuador at 300,000 bpd, Saudi Arabia at 283,000 bpd & Colombia at 167,000 bpd. Nigeria followed Iraq with 23,000 bpd, while Libya ranked last among the listed suppliers with 8,000 bpd. OPEC+ Approves 4th Straight Production Hike. ARTICLE: Iraq and six other members of the OPEC+ alliance agreed on Sunday to increase oil production by a combined 188,000 barrels per day from July 2026, extending a series of monthly output increases aimed at gradually unwinding earlier supply cuts. The decision, reached during a virtual meeting involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria & Oman, will lift Baghdad’s production target by 26,000 barrels per day to 4.378 million barrels per day, while Riyadh & Moscow will each increase output by 62,000 barrels per day, bringing their respective targets to 10.353 million & 9.824 million barrels per day. The boost forms part of the gradual rollback of voluntary production cuts first announced in April 2023. According to OPEC+, the seven countries maintained that the production adjustments remain subject to change & could be paused or reversed depending on market developments. July’s increase marks the fourth monthly hike & matches the June hike, which was reduced from the 206,000-barrel-per-day increase implemented in April and May following the UAE's departure from OPEC. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria & Oman Adjust Production & Reaffirm Commitment To Market Stability. ARTICLE: The seven OPEC+ countries, which previously announced additional voluntary adjustments in April & November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria & Oman met virtually on 7 June 2026, to review global market conditions & outlook. In their collective commitment to support oil market stability, the seven participating countries decided to implement a production adjustment of 188 thousand barrels per day from the additional voluntary adjustments announced in April 2023. This adjustment will be implemented in July 2026 as detailed in the table below. The additional voluntary adjustments announced in April 2023 may be returned in part or in full subject to evolving market conditions & in a gradual manner. The countries will continue to closely monitor & assess market conditions & in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach & retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments, including reversing the previously implemented voluntary adjustments announced in November 2023. The seven OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that will be monitored by the Joint Ministerial Monitoring Committee (JMMC). They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The compensation period will be extended until the end of December 2026. The seven OPEC+ countries will hold monthly meetings to review market conditions, conformity & compensation. The seven countries will meet on 5 July 2026.

Here's some articles of Dinarian interests... Direct From The SANBBOX Report. The top stories are: -All Eyes are on the Iraqi Banking summit in the US. -There is also another very important economic summit going on in the EU as well. -Summit: Strengthening The Arab-EU Partnership Is Essential. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: During A Summit Held In Paris & Attended By "Economy News" Hadi Chaib Ainou: Global Challenges Necessitate Strengthening Int'l Cooperation. ARTICLE: The Director General of the Professional Group of Banks of Morocco (GPBM)& Secretary General of the Federation of Francophone Banks (FBF), El Hadi Chaib Ainou, affirmed that the global financial sector is going through a critical phase of rapid transformations at the geopolitical, economic & social levels, which necessitates a review of the traditional tools used in financial analysis & their development in line with current changes. During the Arab-European Banking & Economic Summit in Paris, held under the slogan "Towards a New Global Economic & Financial Balance," organized by the Union of Arab Banks & sponsored by French President Emmanuel Macron & attended by "Economy News," Ainou said that the challenges facing the global financial system require new approaches that are more flexible & innovative, capable of absorbing the nature of the accelerating global changes. The Moroccan official addressed the challenge of climate change, considering it to be one of the most prominent issues affecting the global economy, despite the difficulty of accurately predicting its future repercussions. He pointed out that the effects of this change have become tangible in many countries, including European countries, which reinforces the importance of developing environmental legislation & activating relevant regulatory frameworks, given its increasing impact on economic & financial activities. In a related context, Al-Hadi Shaib Ainou highlighted the importance of digital transformation & the accompanying expansion in the use of social media, pointing out the new challenges & opportunities this presents to governments & financial institutions, which necessitates the development of modern regulatory frameworks capable of keeping pace with the rapidly changing digital environment. During A Summit Held In Paris & Attended By "Al-Eqtisad News"... Raoul Delamare: Strengthening The Arab-European Partnership Is Essential To Confront Global Transformations. ARTICLE: The President of the French-Arab Chamber of Commerce – France, Raoul Delamare, stressed the importance of strengthening cooperation between Arab, European & Francophone banking & financial institutions in light of the accelerating global challenges, noting that this partnership represents a fundamental pillar for supporting economic development & enhancing financial stability in the region. This came during the Arab-European Banking and Economic Summit in Paris under the slogan "Towards a New Global Economic & Financial Balance," organized by the Union of Arab Banks and sponsored by French President Emmanuel Macron & attended by "Economy News". Delamare stressed the importance of continuing to invest in infrastructure & regional development projects, as they are key drivers of economic growth & an effective tool for promoting integration between Arab & European markets. In his speech, he addressed the most prominent challenges facing the financial & banking sector at the present stage, most notably the escalating geopolitical tensions, rapid technological transformations, developments in artificial intelligence, in addition to the increasing risks associated with cybersecurity & the protection of digital financial systems. He stressed that confronting these challenges requires strengthening dialogue & continuous coordination between banking & economic institutions, exchanging experiences & knowledge & working together to develop regulatory & technical frameworks capable of keeping pace with global changes. He concluded his speech by emphasizing that the Arab-European partnership will remain a pivotal factor in supporting economic stability & enhancing investment opportunities and future cooperation between the two sides. During A Summit Held In Paris & Attended By "Economy News" Maya Atik: Strengthening Int'l Banking Cooperation Is Essential To Confront Digital Challenges. ARTICLE: The Director General of the French Banking Federation, Maya Atik, stressed that strengthening cooperation between international banking institutions has become an urgent necessity in light of the rapid economic & geopolitical changes taking place in the world. This came during the Arab-European Banking & Economic Summit in Paris under the slogan "Towards a New Global Economic & Financial Balance," organized by the Union of Arab Banks & sponsored by French President Emmanuel Macron & attended by "Economy News". Ateeq stressed the importance of developing sustainable partnerships between financial institutions, which contribute to supporting financial stability & enhancing the banking sector’s ability to adapt to global transformations, particularly in the areas of infrastructure & regional development. She noted that current challenges, including geopolitical risks, the rapid development of artificial intelligence technologies & cyber threats, require banking institutions to intensify coordination & joint action to develop effective & sustainable solutions. She concluded by emphasizing that the future of the banking sector depends primarily on deepening int'l cooperation & exchanging experience. The Minister Of Finance Affirms The Continuation Of Economic Reforms & The Strengthening Of The Partnership With The WB. ARTICLE: During his meeting with the WB representative to Iraq, Emmanuel Salinas Munoz, Finance Minister Faleh Sari affirmed the ministry's commitment to implementing financial & economic reform programs, in line with the government program's priorities & to enhance the efficiency of public resource management. Sari indicated that the ministry is determined during the next phase to adopt reform paths based on developing the financial & banking environment, expanding the application of electronic systems in the tax & customs sectors, in addition to supporting non-oil revenues & simplifying procedures in a way that contributes to improving institutional performance & stimulating economic activity. The two sides reviewed mechanisms for enhancing technical & institutional cooperation with the WB to support development & infrastructure projects, empower the private sector & benefit from int'l expertise in implementing reforms. For his part, Salinas Muñoz affirmed the bank’s continued support for the reform programs implemented by the Iraqi government, which contribute to strengthening economic development & raising the efficiency of financial institutions. Gold Rose, Supported By A Weaker Dollar & Lower Oil Prices, Amid Optimism That Tensions Might Ease. ARTICLE: Gold prices rose on Thursday, supported by a weaker dollar & lower oil prices, as investors assessed signs of optimism about a possible settlement to the US-Israeli trade war with Iran. Spot gold rose 0.7% to $4,461.09 an ounce, while U.S. gold futures for August delivery climbed 0.5% to $4,487.90. The rise coincided with a decline in the Dollar, which made gold priced in USD less expensive for holders of other currencies, in addition to a drop in oil prices after Lebanon & Israel agreed to implement a ceasefire, which boosted hopes for a broader calm in the region. John Williams, president of the Federal Reserve Bank of NY, also reiterated that there is currently no need to change US monetary policy, arguing that inflationary pressures related to the war in the Middle East may not be long-lasting. As for other precious metals, silver rose 0.6% to $73.13 an ounce, platinum rose 0.7% to $1,872.11, while palladium climbed 0.9% to $1,313.51. Turkish Carpet Exports Declined At The Beginning Of 2026, With Iraqi Markets Among Those Affected. ARTICLE: Data released by the Turkish Carpet Exporters Association on Wednesday showed that Turkish carpet exports declined during the 1st four months of 2026, amid logistical challenges & regional turmoil affecting several key markets in the Middle East, including Iraq. According to data seen by “Al-Eqtisad News”, Turkish carpet exports amounted to $871.7 million during the period from January to April 2026, a decrease of 2.1% in value compared to the same period last year. Alexander Kaplan, head of the carpet sector council at the Turkish Exporters Association, said that "wars and regional tensions have affected trade & supply chains," noting that "Middle Eastern markets are among the most important destinations for Turkish carpets." Kaplan added that "Iraq, along with Saudi Arabia, Qatar and Bahrain, is among the markets that have been affected by recent regional circumstances, which has impacted export activity & trade demand." Despite the decline recorded at the beginning of the year, the Turkish carpet industry aims to raise its exports to $3.5 billion by the end of 2026, compared to about $2.8 billion achieved during the past year.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top headlines are: -Minister Of Finance Approves The Inclusion & Regularization Of Daily Wage & Contract Employees Within The 2026 Budget Framework. -IMF: Iraq Among The Economies Most Affected By Regional Turmoil In 2026. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Minister Of Finance Discusses With The Italian Ambassador To Iraq Strengthening Economic & Financial Cooperation. ARTICLE: Finance Minister Faleh Sari met with the Italian Ambassador to Iraq, Nicolo Fontana, on Wednesday to discuss strengthening economic & financial cooperation between the two countries. The Ministry of Finance stated in a press release, received by "Al-Eqtisad News," that "Finance Minister Faleh Sari received the Italian Ambassador to Iraq, Nicolo Fontana, and his accompanying delegation on Wednesday to discuss ways to enhance joint cooperation & exchange expertise between the Iraqi Ministry of Finance & Italian financial institutions." According to the statement, Sari emphasized "the importance of elevating the level of Iraqi-Italian cooperation & activating bilateral agreements in priority areas, particularly agriculture & health, in order to broaden the horizons of economic partnership & enhance opportunities for joint development." For his part, the Italian Ambassador affirmed "his country's interest in expanding areas of cooperation with the Iraqi government in a way that serves mutual interests and strengthens economic & investment relations between the two countries." The Minister Of Finance Approves The Inclusion & Regularization Of Daily Wage & Contract Employees Within The 2026 Budget Framework. ARTICLE: Finance Minister Faleh al-Sari approved on Wednesday the inclusion and regularization of daily wage & contract employees within the 2026 Budget. The head of the Finance Committee, MP Aziz Sharif Al-Mayahi, said in a statement received by “Al-Eqtisad News”, that “the Minister of Finance has agreed to include daily wage employees in ministries & service departments in the governorates, who have served for more than four years, in the 2026 Budget & to place them on the permanent staff.” Oil Prices Rose As Renewed Fighting Broke Out In The Middle East & Negotiations Stalled. ARTICLE: Oil prices rose during trading on Wednesday, June 3, as new fighting broke out in the Middle East, with Iran launching missiles at Kuwait & Bahrain, while diplomatic talks between Iran & the US made little progress. The US military said Iran launched ballistic missiles toward Kuwait & Bahrain, but they failed to hit their targets, adding that its forces launched raids on Iran’s Qeshm Island in response to the attack attempts. Brent crude futures rose $1.81, or 1.89%, to settle at $97.81 a barrel. Meanwhile, U.S. crude futures rose $2.26, or 2.41%, to settle at $96.02 a barrel. Both indices reached their highest level in a week at the close of the previous session. Iranian media reported yesterday that Tehran has not been in contact with Washington for several days, even though Trump said negotiations are ongoing. ANZ Bank's chief commodities strategist, Daniel Hynes, said in a note quoted by Reuters that any efforts to reopen the Strait of Hormuz face challenges, with Iran having planted mines in large parts of this vital waterway. Heinz added: "There has been a slight increase in the number of ships attempting to cross, but the total number is still far below pre-conflict levels." US inventory data from the Energy Information Administration is scheduled to be released later today. Trump Launches Biggest Move To Rebuild Tariff Wall. ARTICLE: US President Donald Trump has launched the biggest move to rebuild the tariff wall since the Supreme Court struck down his previous tariffs months ago, with his administration proposing new tariffs of at least 10% on imports from 60 trading partners, based on an investigation into how these countries deal with goods produced using forced labor, according to Bloomberg. Bloomberg explained that the proposed tariffs would be 10% on imports from Canada, Mexico, the European Union, Taiwan, the UK & other countries, while products from major economies, including China, India, Japan, South Korea, Brazil & Switzerland, would be subject to a 12.5%tariff. Bloomberg reported that the tariffs will not take effect immediately, as they will be subject to a review & public comment period that could lead to modifications before final adoption. The US administration has set July 6 as the deadline for receiving written comments, with public hearings scheduled to begin the following day. Forced labor is any work or service that a person is compelled to perform under threat of punishment. New Investigations: Bloomberg noted that the Office of the US Trade Representative concluded that the 60 countries under investigation "do not effectively enforce a ban on imports resulting from forced labor," explaining that countries that impose restrictions on these imports or have pledged to do so will be subject to the lowest tariffs, while the highest tariffs will be applied to countries that "have failed to impose & effectively enforce these restrictions." "We will no longer tolerate this disparity," US Trade Representative Jamieson Greer said in a statement carried by Bloomberg, adding that the current situation "forces American workers to compete globally in an uneven playing field." Bloomberg reported that the investigation was based on Section 301 of the U.S. Trade Act of 1974, the same legal route the US administration is using to prepare another package of potential tariffs related to excess manufacturing capacity among its trading partners. International Reactions: China rejected the US accusations & criticized the new move, while a Japanese official confirmed that Tokyo is in close contact with Washington on the matter. The European Union described the proposed tariffs as "unjustified," while simultaneously reaffirming its commitment to the terms of the trade agreement with the US, according to Bloomberg. The agency quoted Deborah Elms, head of trade policy at the Henrich Foundation, as saying that trading partners "will be upset by this decision," adding, "You have opened (in a letter to the US) the door to a large wave of tariff & non-tariff adjustments." The move comes at a sensitive time for the global economy, with the ongoing US-Israeli war on Iran & rising energy prices, which has fueled inflation fears & increased pressure on the purchasing power of American voters ahead of the US midterm congressional elections scheduled for November. Exceptions & Broader Messages: Bloomberg explained that the US administration proposed exempting a number of goods from the new tariffs, including beef, tomatoes, bananas, coffee & orange juice, in addition to some types of fuel, chemicals & metals that are already subject to other tariffs. The Office of the US Trade Representative also pointed to 34 commodities that it said are linked to supply chains involving inputs produced with forced labor, including cotton used in clothing manufacturing, rare metals used in solar energy production, palm oil & some fish products. Bloomberg noted that the new tariffs will test the willingness of the US’ largest economic partners to continue the policy of restraint they have followed so far, as most countries have preferred to negotiate with Washington rather than respond with direct retaliatory measures to the series of trade tariffs imposed by the Trump administration. The new initiative coincided with the White House's efforts to find a more solid legal basis for the tariffs after the Supreme Court's decision last February to cancel the tariffs imposed under the economic emergency powers, while analysts predict that the new tariffs will be implemented in conjunction with the expiration of other temporary tariffs in late July, according to Bloomberg. The New Al-Shamiya Bridge Project Has Reached Half Completion & Is Nearing Advanced Stages. ARTICLE: Diwaniyah Governorate Office announced on Wednesday that the completion rate of the new concrete bridge project in Al-Shamiya district has reached 45%, as part of regional development projects aimed at developing infrastructure & improving transportation. The director of the follow-up department at the governorate’s office, Halim Abbas Al-Baraki, said in a press statement that the project is being implemented as an alternative to the old iron bridge, with a length of 60 meters & a width of 15 meters, at a total cost of 2 billion, 257 million & 794 thousand Iraqi dinars. He added that the ongoing work includes pouring reinforced concrete for the bridge, carrying out earthworks for its shoulders, as well as reinforcing the footpaths for pedestrian crossings, noting that the project's implementation period has been set at 300 days & is being carried out by Al-Rami Int'l Contracting Company. Al-Baraki stressed that the implementing company was instructed to expedite the completion of welding work for the pillars & crossbeams according to the approved technical specifications, to ensure the project is completed with the required quality & within the specified deadlines. IMF: Iraq Among The Economies Most Affected By Regional Turmoil In 2026. ARTICLE: A report issued by the IMF showed that Iraq will be among the economies most affected by regional turmoil during 2026, with clear repercussions on inflation rates, external accounts & public finances. According to the report, which was reviewed by “Al-Eqtisad News”, Iraq is among a limited group of countries facing double pressures as a result of the disruption of trade & the rise in transportation costs, in addition to the effects of armed confrontations on trade exchange routes, especially those related to the Strait of Hormuz, which led to a noticeable decline in current account & financial balance indicators compared to previous expectations. The IMF noted that Iraq and Iran experienced the greatest negative pressures on their external & fiscal accounts among the affected countries in the region, as trade losses & declining economic activity outweighed any potential gains from higher oil prices, leading to downward revisions in fiscal performance for 2026. On the inflation side, the report explained that Iraq witnessed an increase in expectations within the Gulf Cooperation Council (GCC) countries, driven by increased import costs & higher commodity prices, with increases in the region ranging from moderate levels in Iraq & some GCC countries to higher levels in Iran. According to the IMF, these developments reflect the sensitivity of the Iraqi economy to regional turmoil, particularly with regard to supply chains and foreign trade costs, in addition to the country's reliance on vital transport routes that pass through geopolitical hotspots. The report also predicted that pressure on Iraq’s economic indicators would continue in the coming period, unless there is a breakthrough in the regional trade environment & an improvement in the conditions of economic & financial stability.

Here's some articles of Dinarian interests... The headlines are: -Iraq’s Main Focus Right Now Is The Economy. -Global Emergency Oil Stockpiles Are Depleted. Treat as rumors. Not verified. Your opine. Ross: Iraq’s Main Focus Right Now Is The Economy. ARTICLE: Watch for new oil contract drops & CBI statements in the next 30-60 days. Trump just named billionaire dealmaker Tom Barrack (the closer who helped lock in Chevron’s major West Qurna Iraq oil expansion) as Special Presidential Envoy to Iraq — on top of his Ambassador to Turkey role. This brings elite high-level US business muscle straight to oil development, investment inflows & regional reconstruction = faster foreign reserves, banking cleanup & real pressure to strengthen the Dinar. Exactly What The Iraqi President Ordered The CBI To Do: The New Region:US President Donald Trump names Tom Barrack as Special Presidential Envoy to Iraq, in addition to his roles as Ambassador to Turkey & Special Presidential Envoy to Syria. Iraq’s #1 Focus Right Now Is The Economy: “Along with ways to develop & expand relations in all fields, especially the economic, investment” Lena Petrova: OIL SHORTAGES - Global Oil System Is COLLAPSING As Hormuz Closure DRAINS STOCKPILES. ARTICLE: Could the oil crisis trigger a global recession before the world runs out of oil? This video examines collapsing global oil inventories, the closure of the Strait of Hormuz, & why energy markets may face a catastrophic circulation failure long before supplies are exhausted. Learn how shrinking inventory buffers, soaring oil prices, demand destruction, inflation & supply chain disruptions could push the global economy into recession. Featuring analysis from JPMorgan, UBS, Rapidan Energy Group & the IEA on the future of energy security, oil markets & economic stability. Google key words in above title to bring up VIDEO at source or Oil Reserves Are Depleted.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top headlines are: -al Sadr Sets One Week Deadline For Armed Iraqi Militias To Dis-Arm. -European Markets Rise As Oil Prices Fall Below $100. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Al-Sadr Sets One-Week Deadline For Saraya Al-Salam To Join Iraqi State Institutions. ARTICLE: Muqtada Al-Sadr, leader of the Patriotic Shiite Movement (PSM), on Thursday gave Saraya Al-Salam, the armed wing of his movement, one week to complete procedures for separating from the PSM & integrating into Iraqi state institutions. According to a document issued by Al-Sadr’s office, the full handover process should be completed by Eid Al-Ghadir, a major Shiite religious occasion that will fall on Thursday, June 4, 2026. The directive assigned Haider Al-Jabri, director of Al-Sadr’s office, military adviser Abu Doaa Al-Issawi, jihadi aide Tahseen Al-Hamidawi & Mohammed Al-Aboudi of the “Al-Bunyan Al-Marsous” framework to oversee the process, while the movement’s civilian branch will be integrated into the body in coordination with official authorities. On Wednesday, Al-Sadr announced the formal separation of Saraya Al-Salam from the PSM, describing the move as being “in the national interest” & in response to risks facing the country. Iraqi PM Ali Al-Zaidi welcomed the decision & urged other armed factions to follow the same path through official institutions, stressing that “the state alone should hold the authority to monopolize arms & enforce the law,” a principle that forms one of the central pledges in his government program. Basrah Crude Drops Despite Global Oil Rise. ARTICLE: Basrah crude slipped by more than 1% on Tuesday, diverging from broader gains in global oil markets. Basrah Heavy crude fell 1.22%, or $1.19, to $96.19 per barrel, while Basrah Medium crude declined 1.20% to $98.29 per barrel. Globally, Brent crude rose $3.51, or 3.72%, to $97.8 a barrel. US West Texas Intermediate (WTI) crude gained $3.31, or 3.73%, to reach $91.99 per barrel. Gold Hits Two-Month Low As US-Iran Tensions Fuel Inflation Fears. ARTICLE: Gold prices dropped to a two-month ‌low on Thursday as inflation fears were stirred up after the US & Iran traded more air strikes, boosting the Dollar Index & crude prices & fueling expectations of higher interest rates. Spot gold was down 1.5% at $4,389.99 per ounce as of 0902 GMT, earlier falling to its lowest level since March 26. US gold futures for June delivery fell 1.5% to $4,387.70. The Dollar Index rose to ⁠a one-week high, making greenback-priced bullion more expensive for holders of other currencies. Oil prices jumped more than 2% after Iran's Revolutionary Guards said they targeted a US airbase in response to a US attack in the port city of Bandar Abbas. Bullion has been under pressure since the start of the U.S.-Israeli war with Iran in late February. The effective closure of the Strait of Hormuz has prompted a surge in Brent crude prices, fanning inflation woes & propelling rate hike expectations. "Gold drops to a two-month low & into bear market territory as fresh US-Iran hostilities douse hopes of a deal. Heightened ‌geopolitical ⁠uncertainty directs risk-off flows to the Dollar, just as higher oil prices exacerbate inflation fears," Nikos Tzabouras, a senior market analyst at Jefferies-owned Tradu.com, wrote in a summary. "Higher-for-longer rate prospects weigh on non-yielding assets, compounding bullion's weakness & leaving it vulnerable to new 2026 lows." Despite being an inflation hedge, non-yielding bullion underperforms in high interest ⁠rate environments as investors turn to assets like UST yields that offer better returns. Federal Reserve Governor Lisa Cook on Wednesday said she feels the US Central Bank should hold short-term interest rates steady for now, but, with ⁠tariffs, the Iran war & a surge in AI-related investment pushing prices higher, she is prepared to hike rates if needed. The market awaits the U.S. Personal Consumption Expenditures data, the Fed's preferred inflation gauge, ⁠due later in the day, for cues on the Fed's monetary policy path. Spot silver fell 1.7% to $73.34 per ounce & platinum lost 1.3% to $1,893.16. Both metals earlier hit a near one-month low. Palladium slid 1.8% to $1,366.00. US Sanctions Iranian Body Overseeing Hormuz Transit. ARTICLE: The US imposed sanctions on Iran’s so-called “Persian Gulf Strait Authority,” accusing the Islamic Revolutionary Guard Corps (IRGC) of attempting to “extort” vessels transiting the Strait of Hormuz, laying mines & “monetize” maritime traffic through the strategic waterway. In a statement, the UST Department warned that companies or individuals cooperating with the authority —an Iranian-controlled body established to manage passage requests through the Strait of Hormuz— could face sanctions exposure, saying such dealings may amount to providing support to the IRGC, which Washington designates as a Foreign Terrorist Organization. UST Secretary Scott Bessent described the sanctions as part of Washington’s “Economic Fury” campaign against Iran, arguing that the measures aim to cut revenue linked to Tehran’s weapons programs, regional allies & nuclear activities. The sanctions followed recent US guidance warning against compliance with Iranian demands tied to transit through the Strait, including alleged “toll” payments, data-sharing requests & other forms of compensation. The waterway carries nearly one-fifth of global oil supplies. Iran established the authority after closing the Strait of Hormuz following the outbreak of war with the US & Israel on February 28. Iran’s Revolutionary Guard has defended the arrangement, describing the designated corridor as the only safe maritime route through the waterway & warning that ships deviating from it could face attacks & security risks. The move comes as the US continues a naval blockade on Iranian ports, with President Donald Trump affirming that the blockade would remain “in full force & effect until an agreement is reached, certified & signed.” Plastic Tide Chokes Iraq's Environment. ARTICLE: Plastic bottles & single-use containers are emerging as one of Iraq’s “most pressing environmental pressures,’’ with consumption rising while recycling rates remain low, the Iraq Green Observatory reported on Thursday. Plastic use is deeply embedded in daily life, ranging from bottled water & beverage packaging to food containers & plastic bags. Iraq is also among the region’s larger importers of plastic materials, with supplies mainly coming from China, Turkiye, Iran & Saudi Arabia. The watchdog estimates that each Iraqi generates around 400 grams of plastic waste per day. In Baghdad alone, waste output reaches roughly 10,000 tons daily, with plastic accounting for 600 to 1,000 tons —about 15% to 20% of total solid waste nationwide. Beyond household consumption, the construction sector accounts for about 21% of plastic use, particularly in pipes, insulation materials & building components. Plastic is also widely used in electronics, automotive manufacturing & household goods. Despite high levels of use, recycling remains limited. Less than 20% of plastic waste is recycled, while most ends up in unregulated dumpsites or informal landfills, including areas along the Tigris & Euphrates rivers. Efforts to replace plastic bags with paper alternatives have faced practical constraints. Any transition, the Observatory notes, would require sustained public awareness campaigns alongside broader measures targeting single-use bottles, beverage packaging & disposable containers that dominate consumption patterns —steps that are currently not in place. European Markets Rise As Oil Prices Fall Below $100. ARTICLE: European stocks rose slightly on Wednesday, May 27, as investors assessed military developments against Iran & falling oil prices, with London, Paris & Frankfurt stock exchanges ending higher. The Stoxx Europe 600 index rose 0.1% to close at 628.64 points. The French CAC 40 index rose 0.43% The German DAX index rose 0.13% Meanwhile, the FTSE 100 index in England rose 0.13%. Escalating Tensions With Iran: The performance came amid the ongoing war with Iran, in which US forces carried out what they described as "defensive" strikes against Iranian missile launch sites & ships in the south. The Iranian Foreign Ministry responded by accusing the US of a blatant violation of the fragile truce. US Secretary of State Marco Rubio said the Strait of Hormuz "will be opened one way or another." Despite this, US President Donald Trump wrote on the Truth Social platform that the peace negotiations are "going well". AkzoNobel Shares Jump: Shares in Dutch paint maker AkzoNobel jumped 20% after it rejected a joint cash takeover bid of €73 per share from Nippon Paint & Sherwin-Williams. The company's board of directors confirmed that it continues to recommend the planned merger with Axalta, noting that the offer "does not reflect true value and long-term growth prospects" & that it lacks sufficient guarantees for shareholders. Automotive Sector: The European automotive sector rose 2.6%, boosted by a 5.1% increase in new car registrations in the European Union. Shares of Renault climbed 4.1%, Stellantis 3.8%, Volkswagen 2.4%, Mercedes-Benz 3.1% & BMW 2.3%.

Here's some articles of Dinarian & Iraqi Political interests... Direct From The SANDBOX Report. The top stories are: -CBI Gov: Banking Reform Is Receiving Direct Attention From The PM. -No intentions to reduce the ER against the USD at this time. -Political Consensus Paves The Way For The Passage Of The Oil & Gas Law. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: CBI Gov: Banking Reform Is Receiving Direct Attention From The PM. ARTICLE: The Gov of the CBI, Ali Al-Alaq, confirmed on Tuesday that there is no intention to reduce the ER of the Dinar against the Dollar. While denying the existence of any American embargo on Iraqi funds, he indicated that the banking reform file is receiving direct attention from PM Ali Al-Zubaidi. Al-Alaq told a number of journalists, as reported by the Iraqi News Agency (INA), that “there is no intention to reduce the ER of the Dinar against the Dollar & we will help the government overcome the repercussions of any potential closure of the Strait of Hormuz by discounting treasury bonds & securing salaries,” noting that “the cash reserves are currently being invested in several countries & there is no American embargo on Iraqi funds.” He added that "the UST & the Federal Reserve praise the role of the central bank," noting that "the central bank provides Dollars to travelers & traders at the official ER." He explained that "most banks have reached the stage of merger or liquidation & only one or two banks remain that are unable to continue," stressing that "the banking reform file is receiving direct attention from the PM & there is an expected meeting in the coming days with the Federal Reserve & the UST Department." He confirmed that he "directly oversees the banking reforms file, and the banks concerned & the consulting firm have made significant progress in implementing the reform requirements," noting that "a meeting is expected in the coming days that will bring together Oliver Wyman & the CBI with the US Federal Reserve & the UST Department." He added: “The meeting will pave the way for the transition to dealing in other foreign currencies for banks that have completed all the required requirements & procedures,” noting that “there is no truth to what is being said about the CBI obstructing banking reforms & our interest lies in the return of the deprived banks to activity as quickly as possible.” He concluded by saying: "The media has a major role, and the int'l community is watching with interest what is being said by parliamentarians, analysts & local media." Ali al-Alaq: CBI Participation In Budget Drafting Is Essential. ARTICLE: The Gov of the Central Bank of Iraq (CBI) stressed the need for stronger coordination between fiscal & monetary policy, stating that the bank’s involvement in Budget preparation helps prevent an economic gap Coordination Between Fiscal & Monetary Policy: CBI Gov Ali al-Alaq said that the participation of the CBI in drafting the State Budget is essential to ensure complementarity between fiscal & monetary policies. He noted that such coordination helps prevent economic disparities & strengthens long-term fiscal & monetary stability. Role Of The CBI In Economic Policy: Al-Alaq explained that the Central Bank has detailed indicators and data on cash flow, foreign reserves & 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 & the Ministry of Finance. He also emphasized that a lack of coordination directly affects prices & inflation levels. Toward A More Balanced Budget Framework: Al-Alaq stated that coordination between the two institutions would lead to a more realistic & 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 & 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 & financial reform program. He highlighted the program aims at "building a strong, diversified & 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 & 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 & economic plans. Political Consensus Paves The Way For The Passage Of The Oil & Gas Law. ARTICLE: The Iraqi Parliament is preparing to introduce the draft Oil & gas Law in the coming period, amid indications of a political consensus among most blocs to pass it. MP Adel al-Mahalawi, from the Progress Bloc, told Al-Sabah newspaper that the law will be presented to Parliament soon after political understandings are reached. He explained that PM Ali al-Zubaidi has expressed his willingness to cooperate in finalizing legislation with an economic dimension. He clarified that the law is considered one of the most anticipated pieces of legislation, as it regulates the relationship between the federal government & the oil-producing provinces & contributes to supporting the Budget & boosting revenues. Al-Mahalawi added that some technical & political disagreements still exist, but they are resolvable through nat'l consensus. He also noted Parliament's intention to introduce a set of service & economic laws in the coming period in coordination with the government. Lebanese News: US General Petraeus's Visit To Baghdad Brings Back Memories Of The "Sunni Awakening" Project. ARTICLE: Sunni Awakening project that became associated with his name after 2007. According to the Lebanese newspaper Al-Akhbar, the visit coincided with political changes that accompanied the formation of the new government, most notably the exclusion of factional forces from the first ministerial batch, in addition to growing talk within political circles about unannounced understandings between Baghdad & Washington regarding the Popular Mobilization Forces & the restructuring of the security landscape in Iraq. Iraqi political sources indicate that Petraeus discussed during his meetings with government officials & security leaders American visions for reorganizing the Iraqi security establishment, within a vision that considers the continuation of the current form of the Popular Mobilization Forces to be an obstacle to the stability of Iraq & its regional relations. Masrour Barzani & Ali Al-Zaidi Hold A Bilateral Meeting In Baghdad. ARTICLE: Meanwhile, the PM of the Kurdistan Region, Masrour Barzani & the PM of the Federal Government, Ali al-Zaidi , held a bilateral meeting at the Government Palace in the Iraqi capital, Baghdad. The PM of the Kurdistan Region arrived in Baghdad on Saturday afternoon, leading a high-level government delegation, for a two-day visit. During his visit, Masrour Barzani is scheduled to hold a series of meetings with the Federal PMal-Zaidi, th e Speaker of Parliament & the Head of the Supreme Judicial Council, along with a number of senior officials & leaders of political forces. The talks will address the latest developments & updates on the Iraqi & regional scenes, as well as discuss contentious issues & outstanding files between the Kurdistan Region & the Federal Government, in accordance with the provisions of the Constitution & in a manner that guarantees the rights of all components of the country. Iraqi & Kurdish Premiers Seek Agreement On Longstanding Disputes. ARTICLE: Iraqi PM Ali Al-Zaidi & Kurdistan Region PM Masrour Barzani on Saturday launched talks in Baghdad focused on oil exports, border crossings, customs procedures & revenue-sharing arrangements between Baghdad & Erbil. During the discussions, which also addressed implementation of the UN-developed ASYCUDA customs platform & coordination over oil companies operating in the Kurdistan Region, Al-Zaidi stated that his government was seeking to resolve outstanding issues “according to the law & constitution,” adding that Baghdad aimed to reach an agreement serving “the interests of the country & its people.” PM Ali Falah Al-Zaidi Emphasizes The Government's Keenness To Cooperate With The Regional Government To Resolve Technical Issues. ARTICLE: Today Saturday, the PM, Mr. Ali Falah Al-Zaidi, the PM of the Kurdistan Region of Iraq, Mr. Masrour Barzani & his accompanying delegation. During the meeting, the research of the situation in the country, discussion of technical issues related to border port files, implementation of Asikoda system & oil companies operating in the region was emphasized, the opportunity for high coordination & cooperation between the federal government & the regional government, to manage technical issues & to lower obstacles to them in accordance with law & constitution. His majesty emphasized the diligence to solve all issues, in line with the vision of the government that aims to serve citizens with different components, demonstrating that everyone is partners in this country & that its goal is to reach an agreement that fulfills the interests of the country & serve its people. On his part, Mr. President of the Iraqi Kurdistan Region Government renewed his congratulations to Mr. Al-Zaidi, on the occasion of his confidence in the House of Representatives & the formation of the new government & expressed his support of the regional government for the ministerial cabinet, he also stressed the importance of radical resolving all technical issues in accordance with the Constitution. Media Office Of The Prime Minister - 23- MAY-2026. ARTICLE: Barzani, meanwhile, stressed the importance of resolving disputes under the constitution while respecting the Kurdistan Region’s federal status. His two-day visit to the capital will also include meetings with Iraqi Parliament Speaker Haibet Al-Halbousi, Supreme Judicial Council President Faiq Ziidan & senior political leaders, marking one of the first major engagements between Baghdad & Erbil since Al-Zaidi’s government gained confidence on May 14. In March, Baghdad & Erbil reached an agreement to resume Kurdish crude exports through the Iraq-Turkiye pipeline following nearly two years of disruption, with exports resuming at around 170,000 barrels per day. Despite the agreement, negotiations have continued over payment mechanisms, revenue-sharing arrangements & guarantees demanded by foreign oil companies operating in the Region, including members of the Association of the Petroleum Industry of Kurdistan (APIKUR). The strategic importance of northern export routes has also increased following months of disruption to maritime shipping through the Strait of Hormuz, which Iran closed and the US blockaded during their conflict. Baghdad & Erbil Also Remain Divided Over Federal Budget Transfers & Salary Payments To Kurdistan Region Public Employees. ARTICLE: Earlier this year, the Kurdistan Regional Government’s Ministry of Finance & Economy said Baghdad had transferred only about 41% of the Kurdistan Region’s financial entitlements over the previous three years despite agreements on oil & non-oil revenue sharing, while the federal Finance Ministry argued that salary transfers depend on the Kurdistan Regional Government complying with revenue-sharing obligations under Iraq’s Federal Budget Law. Ali Al-Zaidi's Incomplete Cabinet Faces Iraqi Armed Factions Test. ARTICLE: Iraq’s new PM, Ali al-Zaidi, entered office under the shadow of an incomplete parliamentary mandate after the Iraqi parliament approved only 14 cabinet ministers, leaving nine key sovereign & service portfolios unresolved, including the ministries of Interior, Defense & Planning. The delay has not been viewed as a routine political dispute over appointments. Instead, it reflects deeper tensions tied to the restructuring of Iraq’s post-2003 political order & the future role of armed Shiite factions within the state apparatus. Vacant ministries encompass some of Iraq’s most critical institutions, overseeing security, administration & economic planning. The Interior & Defense portfolios, in particular, remain highly contentious because they are directly tied to the issue of weapons control & the influence of armed factions, a file that lies at the heart of both Baghdad’s relationship with Washington & rivalries within the Shiite political camp. Amid a highly sensitive regional & int'l climate, Baghdad faces increasing US pressure alongside escalating competition among factions within the Coordination Framework. At the same time, Iraqi political forces are attempting to craft a governing arrangement capable of containing external demands without upsetting the country’s fragile internal equilibrium. Armed Factions & The Post-2003 Order. ARTICLE: One of the most significant transformations in Iraq since 2003 has been the evolution of armed factions from military actors into influential political stakeholders with direct leverage over state institutions. Many of these groups expanded their influence during the war against ISIS & now maintain substantial parliamentary, political & economic power that major Iraqi parties can no longer ignore. Political researcher Ramadan Al-Badran told Shafaq News that the issue of armed factions is simultaneously a domestic Iraqi crisis & part of a broader regional confrontation. “The factions’ relationship with Iran makes them part of the wider tension between Tehran & Washington,” Al-Badran said, arguing that the post-2003 political system, particularly during the governments of former PM Nouri Al-Maliki between 2006 & 2014, “effectively legitimized the presence of these groups by presenting them as defenders of Iraq’s political order.” He questioned the current calls to limit factional influence, asking why parallel military formations were established outside the traditional army structure in the first place & why they are now being asked to retreat after years of participating in protecting the state. A Consensus PM. ARTICLE: Observers interviewed by Shafaq News said Al-Zaidi’s selection was less the result of political dominance within the Coordination Framework than a compromise among competing Shiite forces seeking a figure capable of managing internal rivalries. Haitham Hadi Numan, Professor of Political Science at the University of Exeter, noted that Al-Zaidi emerged as a consensus candidate acceptable to the major factions inside the alliance & the forces within the Coordination Framework now possess relatively balanced influence that prevents any single party from dominating. “Therefore, they chose a figure who can be politically managed.” According to Numan, confrontation with armed factions “remains unlikely” in the current phase. Instead, Iraq’s ruling forces appear more inclined toward the “legal institutionalization” of these groups within state structures. Factions Push Back. ARTICLE: Pillar One of al-Zaidi’s program commits the government to consolidating all weapons under exclusive state authority, meaning no armed group outside the formal military & security structure should operate independently. In most countries, this would be an unremarkable statement, but in Iraq, it is the central unresolved dilemma of the post-2003 political order. Signs of resistance quickly emerged. Harakat Hezbollah al-Nujaba rejected suggestions that the government’s pledge to limit weapons to state authority applies to what it called “resistance weapons.” The group’s Executive Council chief, Nazem Al-Saadi, stressed that the term “uncontrolled weapons” referred only to illegal arms that create “chaos,” insisting that it did not include weapons held by fighters who “defended Iraq, its holy sites & its people during the most difficult circumstances.” At the same time, new fractures appear to be emerging within the Coordination Framework itself. A well-informed source revealed to Shafaq News that 5 influential Shiite leaders are holding advanced discussions to establish a new parliamentary alliance that could significantly reshape Iraq’s ruling coalition landscape. The figures involved include Nouri Al-Maliki, leader of the State of Law Coalition; Hadi Al-Ameri, leader of the Badr Organization and head of the Fatah Alliance; Faleh Al-Fayyad; Humam Hamoudi; & Ahmed al-Asadi. According to the source, the proposed bloc could include between 75 & 100 lawmakers, potentially making it one of the largest organized opposition forces in parliament despite originating from within the Shiite political establishment itself. If formed, the alliance would signal not only dissatisfaction with Al-Zaidi’s government arrangements but also deeper competition over the future leadership of the Coordination Framework & the distribution of influence inside the Shiite camp. Washington Pressure & Baghdad’s Balancing Act. ARTICLE: In recent months, Washington has intensified sanctions targeting individuals linked to armed factions while repeatedly stressing that restricting weapons to state control remains a prerequisite for deeper bilateral cooperation with Baghdad. Iraqi political sources have also spoken of an undeclared American veto against the participation of armed factions in government institutions. The US Department of State has indicated that its relationship with the new Iraqi government will be judged “by actions, not words,” placing Baghdad in a difficult position. The Iraqi government must preserve the cohesion of its internal alliances while simultaneously avoiding confrontation with Washington, whose support remains critical for Iraq’s economic stability, security cooperation & int'l relations. Iraq’s Unresolved State Dilemma. ARTICLE: According to analysts, the troubled birth of Al-Zaidi’s government underscores a structural crisis that extends far beyond cabinet formation or ministerial quotas. At its core, the conflict concerns the nature of the Iraqi state itself: the limits of armed faction influence, the future of the Popular Mobilization Forces (PMF) & Baghdad’s relationship with competing regional & int'l powers. Caught between American pressure, Iranian calculations & the internal balance of the Coordination Framework, the new PM faces a defining challenge: either engineer a new political settlement capable of reorganizing the relationship between the state & armed factions or enter another prolonged phase of political paralysis. One notable indicator of the current compromise is the absence of any explicit commitment in the government program regarding the future of the PMF or its weapons. That omission raises a central question now dominating Iraq’s political debate: can the PMF become the foundation for a broader political settlement between the state & the factions, or has the issue already moved beyond the limits of purely Iraqi solutions?

Here's an article/with video of Dinarian interests... Market implications over new Iraqi government. Treat as a rumor. Not verified. Your opine. Edu Matrix: Iraqi Dinar News: Breaking: Iraq Approves New Cabinet - Market Implications. ARTICLE: Iraqi Dinar News: Breaking Iraq News Approves New Cabinet - Market Implications - Iraq’s New PM Faces Immediate Pressure — Could This Affect the IQD? Political News In this video, we discuss the growing tensions surrounding Iraq’s new PM Ali al-Zaidi & the mounting pressure to disarm Iran-backed militants inside Iraq. According to US officials, Iraq’s future economic success & int'l stability may depend on reducing militia influence & strengthening central government control. Iraq’s Parliament recently approved parts of the new government, but major political disagreements continue over key cabinet positions. PM al-Zaidi, Iraq’s youngest PM, now faces one of the most dangerous political balancing acts in modern Iraqi history. Will Iraq move toward greater stability & int'l cooperation — or will internal divisions delay progress even further? For IQD investors, these developments matter because political stability, security & int'l confidence remain critical factors tied to Iraq’s long-term economic future & any potential changes involving the Iraqi Dinar. Topics Covered: • Iraq political news. • Iraqi dinar latest update. Dinar Investment Webinars: • IQD investor concerns. • Iran-backed militants in Iraq. • Iraq parliament update. • U.S. & Iraq relations. • Iraq economic future. • Prime Minister Ali al-Zaidi. • Middle East geopolitical tensions. • Iraq security situation. Please remember: all investments involve risk. This video is for informational & educational purposes only. Google key words in above title to bring up VIDEO at source.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. the top stories: -Iraq Finance Minister & European Bank Discuss Economic Reform. -Iraq Securities Commission Grants 1st Approval To A Foreign Brokerage Firm To Operate In The Iraqi Market. Treat as rumors. Not verified, Your opine. FROM IRAQI SOURCES: The Securities Commission Grants The 1st Approval To A Foreign Brokerage Firm To Operate In The Iraqi Market. ARICLE: The Iraqi Securities Commission announced on Sunday that it has issued official approval to a foreign brokerage firm to operate within the Iraqi stock markets, making it the 1st company to obtain this approval according to the modern regulatory procedures recently adopted by the commission. The commission confirmed in a statement seen by Al-Sa’a Network that “this step comes within its plan aimed at developing & regulating the work environment in the Iraqi financial market, by promoting the principles of transparency, efficiency & commitment to modern international standards, which contributes to supporting investment & stimulating trading activity within the market.” The statement added that "the Authority is working to attract int'l expertise & companies to the Iraqi market, with the aim of raising the level of financial & institutional performance & enhancing confidence in the local financial sector, which will positively impact the investment environment in the country." He explained that "the foreign company has completed all the necessary technical & regulatory requirements to obtain approval, including investor protection standards & ensuring the integrity of the legal & regulatory procedures for the work of brokerage firms." He explained that "granting this approval represents an important indicator of the Authority's direction towards opening the door for new foreign brokerage companies to enter the Iraqi market, which contributes to the development of the Iraqi capital market & increases its ability to attract local & int'l investments." The Authority stressed that "supporting and developing the stock market & protecting investors is one of its main objectives during the next phase, within the framework of its efforts to build a more stable and efficient financial market." Sources Told Al-Watan News That A Crucial Meeting Of The Coordinating Framework Will Be Held This Evening To Agree On The Final Formula For Sharing Ministerial Portfolios. ARTICLE: Sources told Lawan News that the coordinating framework is holding a meeting this evening, which it described as "crucial," to discuss the distribution of ministerial portfolios in the next government. The sources said that the meeting will focus on resolving the remaining disputes regarding the sovereign & service ministries & agreeing on the final formula for sharing portfolios between the framework forces & other political forces. They added that the meeting comes amid escalating pressure to expedite the completion of political understandings, in preparation for passing the Government Cabinet within the House of Representatives during the next stage. According to the sources, the file of the Ministry of Interior & the service ministries will be among the most prominent files on the table for discussion. Iraq PM-Designate ‘Unlikely’ To Present Cabinet This Week. ARTICLE: PM-designate Ali Al-Zaidi is unlikely to submit Iraq’s cabinet lineup to parliament this week despite earlier expectations of a swift confidence vote, Mohammed Al-Mayahy, head of the Wasit parliamentary bloc, told Shafaq News on Monday. Al-Mayahy warned against rushing the government formation process, saying there was still sufficient constitutional & legal time to finalize the Cabinet & cautioning that haste could produce a “distorted government.” He explained that the next 10 days would likely determine the shape of the incoming government amid “broad political consensus” on forming the Cabinet. Safwan Al-Gargari, Secretary-General of Iraq’s Parliament, had revealed that a parliamentary confidence session could be held on Monday or Tuesday once the Cabinet lineup is submitted. Al-Zaidi had not yet adequately reviewed the nominees proposed for ministerial portfolios, Al-Mayahy added, stressing that electoral entitlements & political balance would shape the final Cabinet lineup. Under Article 76 of Iraq’s constitution, Al-Zaidi has 30 days from his April 27 designation to form a government & secure parliamentary approval. Political sources earlier told Shafaq News that disputes continue over several sovereign & security ministries, particularly Oil & Defense, while Al-Zaidi was considering initially presenting around 14 ministerial portfolios for parliamentary approval as negotiations continue. Egypt-China Consortium Launches $71M Iraq Oil Sector Project. ARTICLE: A consortium including Egypt’s Nasr General Contracting Company, a subsidiary of Hassan Allam Holding & China’s EBS has launched a $71 million residential and logistics complex project for Iraq’s Midland Oil Company aimed at strengthening the country’s energy infrastructure. During a foundation stone-laying ceremony, Ahmed Al-Mahmoudy, CEO and managing director of Nasr General Contracting, indicated that the company’s operations in Iraq reached around $123 million over the past year, including bridge rehabilitation projects in Mosul & road and intersection development works in Baghdad. Discussions continue over additional infrastructure & transport projects linked to the oil sector, he added. The project comes as Iraq seeks to expand oil production capacity amid intensifying competition in global energy markets. Data published by S&P Global Energy in January 2026 indicated that Iraq is expected to bring one of the world’s largest new oil field developments online this year, adding substantial crude supplies to markets increasingly shaped by production growth outside the OPEC+ alliance. Oil remains the backbone of Iraq’s economy, generating more than 90% of government revenue. As the second-largest producer in OPEC+, Iraq pumps around 4.4 million barrels per day. Earlier this year, the Iraqi Drilling Company announced the drilling & rehabilitation of 237 oil wells nationwide in 2025, stressing Baghdad’s focus on expanding upstream capacity despite repeated calls for broader economic diversification. Iraq Finance Minister & European Bank Discuss Economic Reform. ARTICLE: Iraqi Finance Minister Taif Sami met with Caterina Hansen, Director of the European Bank for Reconstruction & Development (EBRD), on Monday, May 11, 2026. The high-level meeting, which included the head of the Iraqi Fund for External Development, focused on strengthening developmental cooperation & accelerating economic reform pathways within the country. According to an official statement from the Ministry, both parties reviewed a series of financial & economic files aimed at enhancing institutional performance. Specifically, the discussions highlighted mechanisms to support government projects that improve the efficiency of the financial sector, aligning with Iraq’s broader vision for sustainable economic stability & modern administrative practices. Furthermore, the meeting explored opportunities for expanding technical & advisory cooperation. Minister Sami emphasized the importance of utilizing int'l expertise to support the government’s current reform agenda. This partnership is expected to create a more robust environment for investment and development, helping to diversify Iraq’s economy beyond its traditional reliance on oil. Consequently, the continued coordination between Iraq & the European Bank is seen as a strategic step toward modernization. By integrating global financial standards and fostering institutional development, Iraq aims to ensure long-term fiscal health & a more resilient economic infrastructure for its citizens. Iran's President Thanks Al-Sistani & Iraqis For “Backing Iranian People” ARTICLE: Iranian President Masoud Pezeshkian on Monday thanked Iraq's top Shia cleric, Grand Ayatollah Ali al-Sistani, known as The Marjaiya, for his support of the Iranian people, expressing gratitude as well to the Iraqi people for their solidarity with the Islamic Republic. In a post on X, Pezeshkian described al-Sistani's religious authority as "an enduring fortress & steadfast pillar for the oppressed." I extend the highest expressions of gratitude for the generous support extended by His Eminence Grand Ayatollah Sayyid al-Sistani (may his shadow endure) toward the Islamic Republic of Iran & those affected by the recent aggression, while appreciating the solidarity of the brotherly Iraqi people. The religious authority has always remained an impregnable fortress & a steadfast pillar for the oppressed. Last March, al-Sistani urged “Muslims and free peoples of the world” to stand with Iran, warning that the continuation of war risked triggering "sweeping chaos & widespread instability" across the region. The Marjaiya, alongside several other institutions, also launched a humanitarian aid campaign for both the Iranian & Lebanese peoples during the war.

Here's some Iraqi economic articles of Dinarian interests...economic news is mixed as the Iraqi economy continues to struggle...IQD ER against the USD falls near 156,000 per 100 USD, struggles... FROM IRAQI SOURCES: EIA: Iraq’s Oil Exports To US Fall Over The Week. ARTICLE: Iraq’s crude oil exports to the US dropped 11,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday. Iraqi shipments averaged 109,000 bpd last week, 9.17% less than the previous week’s average of 120,000 bpd. Total US crude imports from eight major suppliers fell 947,000 bpd from 3.7 million bpd the previous week. Canada remained the top supplier at 3.519 million bpd, followed by Saudi Arabia with 515,000 bpd & Venezuela with 499,000 bpd, & Mexico with 248,000 bpd. Imports also included Brazil at 240,000 bpd, Colombia at 138,000 bpd & Nigeria at 136,000 bpd. No oil was imported from Libya & Ecuador this week. Iraq Produces 302 Million Bpd In Q1 2026. ARTICLE: Iraq produced about 302 million barrels of oil in the 1st quarter of 2026, the Eco Iraq Observatory said on Sunday, urging authorities to diversify export routes beyond reliance on Gulf shipping. In a statement, the observatory said output reached around 4.157 million barrels per day in January & rose to 4.188 million barrels per day in February, before dropping sharply in March to about 1.625 million barrels per day. It warned that reliance on a single export corridor exposes Iraq to geopolitical risks & proposed reviving the New Levant route as an alternative to expand outlets, boost flexibility during crises & ensure steady supply to global markets, especially during regional tensions. Iraq Pipeline To Saudi Arabia Faces Major Hurdles. ARTICLE: Iraq is unlikely to resume oil exports through the Saudi pipeline to the Red Sea port of Yanbu in the near term due to “major obstacles,” a source in the country's Oil Ministry told Shafaq News on Sunday. Saudi Arabia’s insistence on retaining the right to use the segment of the pipeline within its territory to transport its own oil remains a key hurdle, while restarting the Iraq-Saudi pipeline would also require reviving the bilateral agreement governing its operation. The pipeline, which stretches about 1,568 kilometers from Zubair in southern Iraq to Yanbu on the Red Sea, halted operations in 1990 after Iraq’s invasion of Kuwait & Saudi Arabia assumed control of the line in 2001. It has been largely neglected for more than three decades & would require extensive rehabilitation, including replacing significant sections & financial allocations if an agreement is reached. For now, Iraq continues to rely on alternative export routes, including overland transport via Jordan & Syria, as it seeks more stable solutions for oil exports. The country is also exploring options such as the Turkish Ceyhan pipeline, the Baniyas route & longer-term plans including storage facilities outside the Gulf & a proposed pipeline to Oman’s Duqm port. Oil output from Iraq fell from 4.3 million to 1.3 million barrels per day amid disruptions in the Strait of Hormuz, cutting exports to below 800,000 barrels per day & causing losses of about $128 million daily. Despite this, officials say the impact remains contained, supported by government subsidies & foreign reserves of around $100 billion. Dollar Rises In Baghdad & Erbil. ARTICLE: The USD opened Sunday’s trading higher in Iraq, hovering around 156,000 Dinars per 100 Dollars. According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,500 Dinars per 100 Dollars, up from the previous session’s 155,250 Dinars. In the Iraqi capital, exchange shops sold the Dollar at 156,000 Dinars & bought it at 155,000 Dinars, while in Erbil, selling prices stood at 155,250 Dinars & buying prices at 155,150 Dinars. Dollar Falls In Baghdad & Erbil Markets. ARTICLE: The USD closed Sunday’s trading lower in Iraq, hovering around 155,000 Dinars per 100 Dollars. According to a Shafaq News market survey, the Dollar traded in Baghdad's Al-Kifah & Al-Harithiya exchanges at 155,100 Dinars per 100 Dollars, down from the morning session’s 155,500 Dinars. In the Iraqi capital, exchange shops sold the Dollar at 155,500 Dinars & bought it at 154,500 Dinars, while in Erbil, selling prices stood at 154,650 Dinars & buying prices at 154,550 Dinars. Gold Prices Stabilize In Baghdad & Erbil Markets: ARTICLE: On Sunday, gold prices hovered around 1.03 million IQD per mithqal in Baghdad & Erbil markets, holding steady, according to a survey by Shafaq News Agency. Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,031,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 1,028,000 IQD. The same gold had sold for 1,031,000 IQD on Saturday. The selling price for 21-carat Iraqi gold stood at 1,001,000 IQD, with a buying price of 998,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,030,000 & 1,040,000 IQD, while Iraqi gold sold for between 1,000,000 & 1,010,000 IQD. In Erbil, 22-carat gold was sold at 1,071,000 IQD per mithqal, 21-carat gold at 1,023,000 IQD, & 18-carat gold at 876,000 IQD.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Brazil Overtakes Iraq In China Oil Supply Shift. Treat as rumors. Not verified. Your opine. Iraq Ranks 29th Globally With 174.6 Tons Gold Reserves. ARTICLE: 2026-04-25 Iraq maintained its position among the world’s largest gold reserve holders, ranking 29th globally with holdings of 174.6 tons, the UK-based World Gold Council reported on Saturday. Saudi Arabia topped Arab countries with reserves of 323.1 tons, followed by Lebanon with 286.8 tons, while Iraq ranked 3rd regionally, holding its place with 174.6 tons. Algeria came 4th among Arab states with 173.6 tons, followed by Libya in 5th place with 146.8 tons, reflecting varying levels of gold reserves across the region. Globally, the US retained its lead as the largest gold holder with 8,113 tons, followed by Germany with 3,350 tons, Italy with 2,451 tons, France with 2,437 tons & Russia in 5th place with 2,311 tons. Brazil Overtakes Iraq In China Oil Supply Shift. ARTICLE: Brazil & Angola posted significant gains in China’s crude oil imports for the 1st quarter of 2026, at the expense of Iraq and Gulf producers, the Iraq Future Foundation for Economic Studies and Consultations said on Friday. In a statement, Manar al-Obaidi, head of the foundation, explained that the decline in Iraq’s market share is not solely linked to disruptions in the Strait of Hormuz, but also to structural factors that have strengthened competing suppliers. “Brazil & Angola offer higher-quality crude with lower sulfur content compared to Iraqi oil, making it more attractive to Chinese refineries seeking to reduce refining costs,” he said, adding that both countries benefit from not being bound by OPEC+ production quotas, a factor that allows them greater flexibility to meet rising Chinese demand & expand their market share. Shipping security was also cited as a key factor, with routes from South America & Africa seen as more stable & less exposed to tensions affecting Middle Eastern waterways. Despite Iraq currently holding about 10 percent of China’s oil imports, he warned of a sharp decline expected in April & May, as the full impact of Strait of Hormuz disruptions becomes more evident in 2nd-quarter data. “The bigger risk lies in the potential long-term entrenchment of this shift,” he cautioned, noting that strong ties between China & countries such as Russia, Brazil & Angola within the BRICS group could provide them with sustained economic & political advantages. Al-Obaidi warned that if the crisis continues, “Iraq may struggle to regain its market share even after conditions stabilize, unless it resorts to significant price discounts.” Iran, Iraq Eye $20B Trade Target With New Barter System Plan. ARTICLE: Iran & Iraq are moving to establish a barter system for goods & services as part of efforts to expand bilateral trade, the head of the Iran–Iraq Joint Chamber of Commerce said on Saturday. Yahya Al-Eshaq indicated that the initiative forms part of the chamber’s strategic plans for the year, aimed at strengthening economic ties between the two countries. Iraq remains one of the main destinations for Iran’s non-oil exports, importing goods, technical & engineering services & energy worth billions of Dollars annually, he noted, describing the relationship as strategically significant on both commercial & geopolitical levels. The cooperation has supported economic growth, job creation, infrastructure development & closer economic integration, supported by shared religious & cultural ties & a long land border that facilitates trade & investment. The chamber is targeting an increase in bilateral trade to $20 billion annually, a goal that requires addressing key challenges including trade imbalances, administrative and bureaucratic hurdles & the impact of sanctions. Proposed measures include launching a barter mechanism for goods & services, creating a joint investment platform, establishing a financial settlement system for traders, setting up a clearing center & accelerating export processes to Iraq while facilitating imports into Iran. Iraq Oil Output Plunges 3M Bpd, Food Security “Safe” ARTICLE: Iraq’s oil production has fallen to 1.3 million barrels per day from 4.3 million due to disruptions in shipping through the Strait of Hormuz following the US-Israeli war on Iran. The conflict has constrained maritime traffic through the strategic waterway, a key artery for global oil trade, pushing exports below 800,000 barrels per day & driving losses estimated at about $128 million daily. Despite this, the impact –particularly on food security– is expected to remain limited over the medium term, PM financial adviser Mazhar Mohammed Salih told Shafaq News. He outlined two main tracks underpinning economic stability, centered on domestic support measures & external financial buffers. The 1st track rests on sustained government subsidies covering essential goods, including the food basket & strategic reserves, alongside support for agriculture, particularly grain production, as well as fuel, healthcare & other social & economic services, while the 2nd centers on foreign currency reserves, which remain sufficient to finance external trade for more than a year & are backed by oil export revenues as the country’s primary source of hard currency. At around $100 billion, the reserves provide what Salih described as a “relative safety margin” for managing external obligations & maintaining exchange rate stability. Monetary policy also continues to balance liquidity with price stability while ensuring access to foreign currency, helping contain inflationary pressures. Basrah Crudes Rallies As Oil Markets Climb. ARTICLE: Basrah’s Heavy & Medium crude grades closed last week with gains, tracking a broader rise in global oil prices amid continued uncertainty over US–Iran negotiations. Basrah Heavy rose by $2.50 in the final trading session to settle at $120.37 per barrel, bringing its weekly gain to $3.78, or 3.24%. Basrah Medium increased by $2.50 to $122.47 per barrel at the close, posting a weekly gain of $3.51, or 2.95%. Global benchmarks also advanced, with Brent crude up 0.9% to $106 per barrel on Friday, heading for weekly gains of around 17%, while US West Texas Intermediate traded near $96.5 per barrel, up roughly 0.8%. USD/IQD Exchange Rates Climb In Baghdad, Erbil. ARTICLE: The USD opened Saturday’s trading higher in Iraq, rising to around 155,250 Dinars per 100 Dollars. According to a Shafaq News market survey, the Dollar traded in Baghdad’s al-Kifah and al-Harithiya exchanges at 155,250 Dinars per 100 Dollars, up from 154,950 Dinars recorded last Thursday. In the Iraqi capital, exchange shops sold the Dollar at 155,750 dinars & bought it at 154,750 Dinars, while in Erbil, selling prices stood at 155,050 Dinars & buying prices at 154,900 Dinars. Gold Prices Stabilize In Baghdad & Erbil. ARTICLE: On Saturday, gold prices in Baghdad and Erbil hovered around 1.03 million IQD per mithqal for 21-carat gold, according to a market survey by Shafaq News. Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 1,031,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 1,028,000 IQD, the same as Thursday’s rates. The selling price for 21-carat Iraqi gold stood at 1,001,000 IQD, with a buying price of 998,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,030,000 & 1,040,000 IQD, while Iraqi gold sold for between 1,000,000 & 1,010,000 IQD. In Erbil, gold prices declined, with 22-carat gold sold at 1,071,000 IQD per mithqal, 21-carat gold at 1,023,000 IQD & 18-carat gold at 876,000 IQD.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Top story: IEA Proposes Basra–Ceyhan Pipeline To Bypass Hormuz. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: IEA Proposes Basra–Ceyhan Pipeline To Bypass Hormuz. ARTICLE: A new oil pipeline linking Iraq’s Basra fields to Turkiye’s Ceyhan terminal on the Mediterranean has been proposed to reduce reliance on the Strait of Hormuz & strengthen energy supply security, particularly for Europe, Executive Director of the International Energy Agency (IEA) Fatih Birol said on Sunday. Speaking to Hurriyet, Birol said the Basra–Ceyhan pipeline could be “critically important” for Iraq, Turkiye & regional supply security, adding that financing challenges could be overcome & that the project requires a political agreement between Baghdad & Ankara. He noted that Iraq exports about 90% of its oil through the Strait of Hormuz from Basra ports, which hold reserves estimated at around 90 billion barrels, warning that disruptions to maritime traffic in the strait would have severe consequences. The proposal comes amid renewed tensions in Hormuz, where Iran has reimposed navigation restrictions after briefly reopening the waterway, prompting some gas tankers to reroute. Birol said the pipeline is no longer just an economic option but a strategic necessity for Iraq & an opportunity for Turkiye and Europe to enhance energy security. Turkiye has previously proposed expanding oil infrastructure linking Ceyhan with Iraq, including plans extending from Kirkuk southward as part of a broader trade corridor connecting Iraq’s Al-Faw port to Turkiye. Iraq Targets Unemployment Reduction Via Farm, Industry Push. ARTICLE: Iraq is seeking to reduce unemployment, currently around 13%, by expanding domestic production through agriculture & industry, PM’s financial adviser Mudher Mohammed Salih said on Sunday. Salih told Shafaq News that the policy focuses on boosting grain output through above-market procurement, input support & crop planning, alongside measures to support industry, including land allocation, fuel supply, technology imports & financing initiatives to expand private-sector factories. He said more than 1,300 industrial projects are being supported, with over one trillion Iraqi Dinars (about $760 million) allocated as sovereign guarantees to enable private firms to secure foreign financing for projects linked to construction & industrial value chains. A planned “Riyada Bank” is expected to provide financing for small businesses & youth-led initiatives. The push comes as data point to a gap between production & imports. Economist Manar Al-Obaidi said Iraq’s roughly 1,200 medium & large industrial projects generate no more than 7 trillion Dinars (about $5.3 billion) annually, compared with imports exceeding 100 trillion Dinars. He added that the sector provides about 50,000 jobs, rising to around 100,000 including informal labor, against roughly 500,000 new entrants to the labor market each year, while growth of about 5% in large projects has yet to make industry a significant contributor to GDP. EIA: Iraq’s Oil Exports To US Dip Over The Week. ARTICLE: Iraq’s crude oil exports to the US dropped 11,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday. Iraqi shipments averaged 109,000 bpd last week, 9.17% less than the previous week’s average of 120,000 bpd. Total US crude imports from eight major suppliers fell to 4.675 million bpd, down 947,000 bpd from 5.622 million bpd the previous week. Canada remained the top supplier at 3.519 million bpd, followed by Venezuela with 412,000 bpd, Saudi Arabia with 249,000 bpd & Mexico with 145,000 bpd. Imports also included Colombia at 130,000 bpd, Ecuador at 68,000 bpd & Brazil at 43,000 bpd. No oil was imported from Nigeria & Libya this week. Dollar Rises In Baghdad & Erbil Markets: ARTICLE: The USD opened Sunday’s trading higher in Iraq, hovering around 153,000 Dinars per 100 Dollars. According to a Shafaq News market survey, the Dollar traded in Baghdad's Al-Kifah & Al-Harithiya exchanges at 153,200 Dinars per 100 Dollars, up from the previous session’s 152,500 Dinars. In the Iraqi capital, exchange shops sold the Dollar at 153,750 Dinars & bought it at 152,750 Dinars, while in Erbil, selling prices stood at 153,150 Dinars & buying prices at 153,000 Dinars. Gold Prices Rise In Baghdad, Stabilize In Erbil. ARTICLE: On Sunday, gold prices hovered around 1 million IQD per mithqal in Baghdad & Erbil markets, according to a survey by Shafaq News Agency. Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,046,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 1,042,000 IQD. The same gold had sold for 1,041,000 IQD on Saturday. The selling price for 21-carat Iraqi gold stood at 1,016,000 IQD, with a buying price of 1,012,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,045,000 & 1,055,000 IQD, while Iraqi gold sold for between 1,015,000 & 1,025,000 IQD. In Erbil, 22-carat gold was sold at 1,085,000 IQD per mithqal, 21-carat gold at 1,035,000 IQD & 18-carat gold at 887,000 IQD. US Dollar Drops In Baghdad & Erbil Markets. ARTICLE: The US dollar closed Sunday's trading lower in Iraq at around 153,000 Dinars per 100 Dollars. According to a Shafaq News market survey, the Dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,000 Dinars per 100 Dollars, up from the morning session’s 153,200 Dinars. In the Iraqi capital, exchange shops sold the Dollar at 153,500 Dinars & bought it at 152,500 Dinars, while in Erbil, selling prices stood at 153,000 Dinars & buying prices at 152,850 Dinars.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Saleh: Non-Oil Revenues Are Key To The Sustainability Of The Iraqi Economy. Iraqi & regional economic reports. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Saleh: Non-Oil Revenues Are Key To The Sustainability Of The Iraqi Economy In The 2026 Budget. ARTICLE: The PM’s financial advisor, Mazhar Muhammad Salih, confirmed on Saturday that the 2026 Budget is a test of the economy’s ability to adapt to external shocks, while noting that boosting non-oil revenues is key to economic sustainability in Iraq. Saleh said: “Fiscal policy undoubtedly faces exceptional challenges in preparing the Federal General Budget for 2026, in light of the rapid regional developments & the fluctuations in the oil export file, the main pillar of state revenues.” He added: “The heavy reliance on oil revenues reflects the most prominent public finance challenges in the face of price fluctuations & export levels, which requires financial decision-makers to adopt cautious estimates based on realistic & precautionary assumptions to avoid potential shocks.” He noted that "public finances are expected to adopt a flexible Budget capable of adapting to changes, by rearranging priorities, focusing on economically viable projects & controlling unnecessary operating expenses." He pointed out that "the vital role of enhancing non-oil revenues is highlighted, through improving collection efficiency & expanding the base of non-oil resources, thereby reducing dependence on oil & enhancing financial sustainability in the medium term." He added that "given the continued uncertainty in the oil markets, the government may have to adopt a phased financial management approach, by postponing some obligations or adopting temporary spending mechanisms, until the situation becomes fully clear." He explained that “the 2026 Budget is not just a financial document, but represents a test of the Iraqi economy’s ability to adapt to external shocks, especially geopolitical tensions on oil export routes in the Gulf & to gradually move towards a more diversified & stable financial model that is capable of absorbing the effects of the economic geography of the energy belt in the Middle East, until the war ends.” Baghdad Suspends Jordan Oil Flow For 2nd Month. ARTICLE: Iraq has halted crude oil shipments to Jordan for a 2nd consecutive month, with both sides awaiting a renewed agreement after the previous memorandum expired, an energy source told Shafaq News on Saturday. The pause stems from procedural delays linked to structuring shipments & setting preferential pricing, rather than a broader breakdown in energy cooperation. Under the earlier arrangement, Jordan imported between 10,000 & 15,000 barrels per day (bpd) of Iraqi crude at prices below global market levels as part of a bilateral energy cooperation framework. Earlier this week, Iraqi lawmaker Ali Shaddad noted that Baghdad is exploring several options to secure alternative oil export routes as regional tensions disrupt shipments through the Strait of Hormuz & curtail output from southern oil fields. One immediate option under consideration involves transporting oil by tanker trucks to neighboring countries, including Turkiye, Jordan & Syria. He underscored the need to accelerate work on key pipeline projects, including the planned Basra–Aqaba pipeline to Jordan, with a projected capacity exceeding 600,000 bpd & the Iraq–Turkiye pipeline, which can carry about 400,000 bpd. Basrah Crudes Rise 6% At Friday Close As Oil Prices Climb. ARTICLE: Iraq’s Basrah crude rose on Friday, tracking gains in global oil markets amid uncertainty over prospects for a ceasefire in the ongoing US-Israel-Iran war. Basrah Heavy crude increased by $5.95, or 6%, to $105.10 per barrel, while Basrah Medium crude gained $5.95, or 5.95%, to $107.20 per barrel. Global benchmarks also advanced, with Brent crude at $114.53 per barrel & US West Texas Intermediate (WTI) at $101.18. Iraqi crude is priced by destination: Exports to Asia track the average of Dubai & Oman crude, shipments to Europe are benchmarked to Brent, & exports to the US follow WTI, each with premiums or discounts based on market conditions. Gold Prices Rise In Baghdad, Erbil Markets. ARTICLE: On Saturday, gold prices hovered around 980,000 IQD per mithqal in Baghdad & Erbil markets, according to a survey by Shafaq News Agency. Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 978,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 974,000 IQD. The same gold had sold for 965,000 IQD last Thursday. The selling price for 21-carat Iraqi gold stood at 948,000 IQD, while the buying price reached 944,000 IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 980,000 & 990,000 IQD, while Iraqi gold sold for between 950,000 & 960,000 IQD. In Erbil, 22-carat gold was sold at 1,050,000 IQD per mithqal, 21-carat gold at 1,002,000 IQD & 18-carat gold at 859,000 IQD. Dollar Rises In Baghdad, Stabilizes In Erbil. ARTICLE: The USD closed Saturday’s trading mixed in Iraq, hovering around 154,000 Dinars per 100 USD. According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,500 Dinars per 100 USD, up from the morning session’s 154,450 Dinars. In the Iraqi capital, exchange shops sold the USD at 155,000 Dinars & bought it at 154,000 Dinars, while in Erbil, selling prices stood at 154,400 Dinars & buying prices at 154,300 Dinars. Dollar Dips At Opening In Baghdad & Erbil. ARTICLE: The USD opened Saturday’s trading lower in Iraq, hovering around 154,000 Dinars per 100 USD. According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah & Al-Harithiya exchanges at 154,450 Dinars per 100 USD, down from 154,700 Dinars recorded last Thursday. In the Iraqi capital, exchange shops sold the USD at 155,000 Dinars & bought it at 154,000 Dinars. in Erbil, selling prices stood at 154,400 Dinars & buying prices at 154,300 Dinars. BYD's Profits Fall More Than Expected Amid Electric Vehicle Price War. ARTICLE: MBYD reported a larger-than-expected drop in profits for the final quarter of last year, as intensifying competition & stricter regulations in China increased pressure on the world's largest electric vehicle maker to revive its sluggish momentum. Net income for the three months ending December 31 was 9.3 billion Yuan ($1.3 billion), according to figures extracted from the annual results released today. This represents a 38% decrease compared to the previous year & fell short of the average analyst estimate of 10.5 billion Yuan. Revenue fell by about 14% to 237.7 billion yuan, highlighting concerns that BYD's aggressive discounting policy & diversified product strategy—which enabled it to overtake Tesla as the world's largest electric vehicle seller last year—are beginning to negatively impact its performance. BYD's global dominance is facing a real-world test as it struggles with slowing domestic sales, forcing the industry benchmark to spend heavily to keep pace with technology-driven models from companies like newcomer Xiaomi. Sales declined in the first two months of this year & after years of dominating the Chinese market, BYD lost its leading position to Geely Automobile Holdings. This has led BYD to increasingly focus on overseas markets, where demand for its models is growing strongly & the company is generating higher profits per vehicle sold. Exports have remained robust so far in 2026, in contrast to the decline in domestic sales & BYD aims to sell 1.3 million vehicles outside of China by 2026. However, this expansion remains a costly & high-risk undertaking for the electric vehicle brand, which is investing heavily in building overseas factories to circumvent tariffs & other trade barriers. France Is Investigating An Attempted Attack On Bank Of America. ARTICLE: French counter-terrorism authorities on Saturday began investigating an attempted attack near the HQ of Bank of America in Paris. The anti-terrorism prosecutor's office reported that suspects attempted to detonate an explosive device near the office & one person was detained in connection with the investigation, according to Bloomberg News. A spokeswoman for Bank of America said the bank is "aware of the situation" & is in contact with authorities.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Iraq Increases Holdings Of UST Bonds To $42B In December. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Iraq Increases Holdings Of UST Bonds To $42B In December. ARTICLE: Iraq’s holdings of UST bonds reached $42 billion by the end of December 2025, up from $41.1 billion in November, the US Treasury’s Treasury International Capital (TIC) system said on Monday. The data showed that long-term holdings accounted for $40.8 billion, while short-term bonds totaled about $1.2 billion. Monthly figures for 2025 indicated a steady rise in long-term bond holdings, while short-term holdings remained relatively stable. Total holdings increased from about $39.85 billion in January to $42 billion in December 2025. In 2024, Iraq’s total holdings stood at around $23.4 billion, with an annual increase of nearly 79%, driven primarily by higher investment in long-term bonds. Precious Metals Tank In Global Liquidation Wave. ARTICLE: Gold slid more than 5% on Monday, reaching its weakest level of 2026 after logging its worst week in about 43 years, as an escalating Middle East conflict stoked inflation concerns & raised expectations of higher global interest rates. Spot gold fell 5.8% to $4,226.16 per ounce as of 0633 GMT, its lowest since December 11 & extended losses into a 9th straight session. The metal dropped more than 10% last week, its worst week since February 1983 & has also retreated more than 20% from its record peak of $5,594.82 an ounce reached on January 29. U.S. gold futures for April delivery fell 7.5% to $4,231.80. "With the Iranian conflict into its 4th week & oil prices hanging around the $100 level, expectations have pivoted from rate cuts to potential rate hikes, which have tarnished gold's appeal from a yield point of view," said Tim Waterer, chief market analyst, KCM Trade. Iran said on Sunday it would strike the energy & water systems of its Gulf neighbours in retaliation if U.S. President Donald Trump follows through with his threat to hit Iran's electricity grid in 48 hours. Asian shares fell & oil prices stayed well above $110 a ⁠barrel. "Gold's high liquidity appears to be hurting it during this risk-off period. Downturns in stock markets are leading to gold portions being closed to cover margin calls on other assets," Waterer said. The closure of the Strait of Hormuz has kept crude elevated, stoking inflation fears by pushing up transport and manufacturing costs. While rising inflation typically boosts gold's appeal as ⁠a hedge, high rates curb demand for the non-yielding asset. "A reinforced shift from safe-haven allocation towards macro-driven positioning could skew risks further to the downside, as a firmer USD & the receding probability of the Fed easing dominate the narrative," ⁠said BMI, a unit of Fitch Solutions. Market pricing for a U.S. Federal Reserve rate hike this year has shot up, with rate futures showing the U.S. central bank is more likely to raise interest rates than cut ⁠them by the end of 2026, according to CME's FedWatch tool. Other precious metals also declined sharply, with spot silver declining 8.9% to $61.76 per ounce. Spot platinum slipped 9% to $1,749.31 & palladium shed 5.2% to $1,330.50. Dollar Trading Halts In Baghdad, Resumes In Erbil After Holiday. ARTICLE: Dollar trading halted in Baghdad on Monday as wholesale markets still closed for the Eid al-Fitr holiday, while trading resumed in Erbil of the Kurdistan Region. Some exchange shops in Baghdad continued limited activity, with the selling price at 155,500 Iraqi Dinars per 100 USD & the buying price at 154,500 Dinars. In Erbil, the USD declined slightly, trading at 154,400 Dinars for selling & 154,300 Dinars for buying per 100 USD. Baghdad’s currency markets are expected to reopen on Tuesday as the Eid holiday concludes across Iraq, with trading set to resume gradually. Gold Prices Fall In Baghdad & Erbil Markets. ARTICLE: On Monday, gold prices declined in Baghdad and Erbil markets, with trading activity in the capital remaining limited due to the Eid holiday. According to a survey by Shafaq News Agency, gold prices on Baghdad's Al-Nahr Street recorded a selling price of less than 1 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 875,000 & 885,000 IQD, while Iraqi gold sold for between 845,000 & 855,000 IQD. In Erbil, prices also declined, with 22-carat gold selling at around 975,000 IQD per mithqal, 21-carat gold at 930,000 IQD & 18-carat gold at 797,000 IQD. Iraq, 5 Arab States Hold 1K+ Tons Of Gold Reserves. ARTICLE: Iraq & 5 Arab countries hold a combined over 1,000 tons of gold reserves, according to global data for March 2026, underscoring a steady build-up of bullion holdings in the region. Saudi Arabia led Arab states with 323.1 tons, followed by Lebanon (286 tons), while Iraq ranked 3rd with 174.6 tons, ahead of Algeria (173.6 tons) & Libya (146.7 tons). Iraq’s gold holdings account for 24.6% of its total foreign reserves, according to the data. Globally, the US topped the list with 8,133 tons, followed by Germany (3,350 tons), Italy (2,451 tons), France (2,437 tons) & Russia (2,326 tons). Data from the World Gold Council showed Iraq increased its reserves in 2025, purchasing 1 ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August & 3.8 tons in October.

Here'smsome articles of Dinarian interests... Direct From The SANDBOX Report. Iraq weekly geo-political & economic report. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: State of Law Coalition: Iraq’s Economic Security Above All Considerations. ARTICLE: The State of Law Coalition affirmed on Monday that Iraq’s economic security must remain above all considerations, stressing that disputes should be addressed through dialogue. In a statement received by the Iraqi News Agency, the coalition said it had followed with deep concern the statements issued by the Iraqi Ministry of Oil and the Ministry of Natural Resources of the Kurdistan Regional Government, noting the divergence in positions amid the sensitive economic conditions facing the country & the potential repercussions that could directly affect citizens’ livelihoods. The statement added that the accumulation of disputes between the federal government & the Kurdistan Regional Government over many years has contributed to complicating the situation at a time when the current circumstances require the highest levels of national responsibility & prioritizing the public interest. It further stressed that the disputed issues between the federal government & the Kurdistan Region should be resolved through a nat'l approach based on dialogue, cooperation & mutual understanding, in a manner that serves the public interest & strengthens political & economic stability in the country. The coalition emphasized that Iraq’s economic security & the stability of citizens’ conditions must remain above any other considerations, urging all parties to act wisely & work collectively to navigate this sensitive phase in a way that serves the interests of Iraq and its people. Iraq's 2025 Budget Deficit Reaches 17 Trillion Dinars: Eco Iraq Observatory. ARTICLE: The Eco Iraq observatory announced Iraq's 2025 budget deficit at 17 trillion & 40 billion Dinars, driven by oil-dependent revenues & high current expenditures. Iraq's Budget DeficitECO Iraq Observatory: ERBIL (Kurdistan24) - The Eco Iraq observatory announced that Iraq's Budget Deficit for 2025 reached 17 trillion & 40 billion Iraqi Dinars, as expenditures exceeded revenues in a fiscal year dominated by current spending & reliance on oil income. In a press statement, the observatory said that state revenues during 2025 amounted to 124 trillion & 185 billion Iraqi Dinars. It explained that oil revenues reached 109 trillion & 207 billion Dinars, while non-oil revenues amounted to 14 trillion & 977 billion Dinars. The observatory pointed out that the financial deficit resulted from expenditures exceeding revenues. It clarified that total spending reached 141 trillion and 122 billion Dinars, of which 119 trillion and 163 billion Dinars were current expenditures, equivalent to 84% of total public spending. It added that investment expenditures amounted to 22 trillion & 22 billion Dinars, representing about 15% of total spending. The observatory stated that the rise in current expenditures against weak investment reflects a defect in the Budget structure, with heavy reliance on oil constituting about 88% of revenues, making public finances vulnerable to price fluctuations. The observatory stressed the necessity of enhancing non-oil revenues and increasing investment spending. This announcement on the 2025 fiscal outcomes highlights Iraq's ongoing dependence on oil exports, which pass through key regional waterways including the Strait of Hormuz. About 20 million barrels per day of crude and other oil products were transported through the strait in 2025, according to FactCheck.org. That flow has slowed to a trickle since the U.S.-Israeli conflict with Iran began, per the same report. The Strait of Hormuz, bordering Iran & Oman, serves as a critical conduit for oil and natural gas from the Persian Gulf to global markets, with roughly 27% of the world's maritime trade in crude oil and petroleum products passing through it, as detailed in a Congressional Research Service report. Starting on March 4, 2026, Iranian forces declared the strait closed, threatening & carrying out attacks on ships attempting to transit, according to the report. The conflict, which began with joint U.S. & Israeli military operations against Iran on February 28, 2026, has led to a de facto closure of the strait, disrupting shipments from major producers including Iraq, per the American Action Forum. Transits through the strait have essentially ground to a halt, with firms adopting a cautious stance amid soaring war-risk premiums, the forum noted. Iraqi oil production from its main southern oilfields has fallen by 70% to 1.3 million barrels per day, as the country is unable to export via the Strait of Hormuz due to the conflict, three industry sources told Reuters. Iraq's exports fell to an average of around 800,000 barrels per day, with only two tankers loading because vessels cannot move freely through the strait to southern terminals, according to the sources & a shipping agent. Storage facilities in the Gulf are rapidly filling, forcing oilfields in Iraq and other countries to cut production, analysts, traders & sources told Al Jazeera. The conflict has led to the suspension of about a fifth of global crude & natural gas supply, as Iran targets ships in the strait, per the report. Maritime traffic through the Strait of Hormuz has almost completely stopped since the strikes against Iran, with Iran targeting tankers in the area, according to Bloomberg. Gulf producers have lowered crude output as storage tanks fill up, the report added. The conflict disrupted approximately 20% of global oil supplies transiting the Strait of Hormuz, causing Brent Crude oil prices to rise from around $70 to over $110 per barrel within days, per Reuters. Oil production in Iraq, among other countries, dropped by a reported 6.7 million barrels per day by March 10, 2026 & by at least 10 million barrels per day as of March 12, 2026, according to the entry. Iran's closure of the strait also disrupted significant liquefied natural gas volumes, the entry noted. A prolonged disruption of Middle East oil trade would create oil market conditions without historical precedent, with oil prices experiencing significant upward pressure, as stated in the Congressional Research Service report. The int'l benchmark Brent jumped 8% from $71.32 per barrel on February 27, 2026, to $77.24 per barrel on March 2, 2026, the trading days before & after operations began, per the report. As the conflict continued, prices went higher, at one point breaking the $100 per barrel mark. In the U.S., President Donald Trump raised the prospect of actions to reestablish free transit of the strait, amid a considerable decrease in shipping traffic, according to the Congressional Research Service. In the U.S., President Donald Trump raised the prospect of actions to reestablish free transit of the strait, amid a considerable decrease in shipping traffic, according to the Congressional Research Service. On March 3, 2026, Trump stated that he had ordered the provision of political risk insurance to all maritime trade & said the U.S. Navy could escort commercial vessels through the strait if necessary. Iran has the capacity to disrupt shipping via mines, speed boats, submarines, shore-based cruise missiles, aircraft & other systems, the report assessed. Prior to the conflict, analysts held consensus that the U.S. military could counter Iran's forces & restore shipping flow, though such an effort would take days, weeks or months. The Strait of Hormuz crisis has reshaped global oil markets, with the conflict putting the waterway on a knife's edge & affecting oil prices, jet fuel & liquefied natural gas, per Kpler. The conflict directly threatens approximately 20% of global oil supply that transits the strait daily, the blog stated. A closure of the Strait of Hormuz due to the U.S.-Iran war has impacted the oil market, but also sectors reliant on shipping, from metals to agriculture & autos, according to CNBC. U.S. military actions & insurance backstops may help keep trade flowing, but supply chain experts say it could take weeks for impacts to hit prices across products. The Int'l Energy Agency took the step of saying it would release 400 million barrels of oil from reserves, per the report. There is no value to Iran in intercepting cargo containers, though non-oil ships may be harassed by Iranian speedboats, the report noted. Reports of U.S. Navy escorting ships through the strait were incorrect, but the U.S. can put plans in place to stop Iran from seizing ships, with air power & missiles able to destroy Iranian missile batteries, according to CNBC. Iraq halted crude oil shipments via a key pipeline to a Turkish port as a precautionary measure, as Middle Eastern energy infrastructure is caught in the conflict, per Bloomberg. The pipeline carries oil from northern fields, but nearly all Iraqi crude exports are shipped via the Strait of Hormuz. The U.S. & France are considering naval escorts for tankers crossing the strait, though neither plans to start operations immediately, the report added. Prolonged disruption threatens global inflation. In a February update, the Int'l Energy Agency said that with around 25% of the world's seaborne oil trade transiting the strait & limited bypass options, any disruption would have huge consequences for world oil markets, per FactCheck.org. A prolonged disruption would lead to oil supply shortages & make price increases inevitable, the agency warned. Iran blocked the flow of oil & goods through the strait in retaliation for the airstrikes, threatening to shoot or bomb vessels attempting to pass, according to the report. The strait connects the Persian Gulf with the Gulf of Oman & the Arabian Sea. The conflict could leave consumers and businesses facing weeks or months of higher fuel prices even if it ends quickly, as suppliers grapple with damaged facilities, disrupted logistics & elevated shipping risks, per Al Jazeera. A nearly complete shutdown means producers like Iraq have suspended shipments of up to 140 million barrels of oil, equal to about 1.4 days of global demand. Oil & gas prices have surged since the war's start amid the collapse in Hormuz transits, according to Bloomberg. Daily natural gas prices in Asia & Europe have risen almost 54% and 63%, respectively, over the week before operations began, while U.S. prices increased 7% between February 27 and March 2, 2026, per the Congressional Research Service. Iran's attempts to disrupt energy commerce carry strategic benefits & risks for Tehran, including direct conflict with the U.S. in past instances, the report noted. War risk insurance has increased significantly since fighting began on February 28, 2026. The efficacy of emergency response measures could be tested to their limits in a prolonged disruption, with uncertain duration of elevated prices determined by time needed to normalize trade, according to the Congressional Research Service. Congress holds interest in potential closures of the strait due to impacts on global prices for oil, natural gas & other commodities, the report stated. Oil supply disruptions could affect prices worldwide, including in the U.S

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Iraq Weekly Economic Report. Treat as rumors. Not verified. Your opine. Iraq Recovers $379 Million & More Than $2 Billion Held In Lieu Of Funds From Türkiye, Jordan & Syria. ARTICLE: The Iraqi Funds Recovery Fund revealed on Sunday the mechanisms for recovering funds smuggled from abroad, while noting the recovery of about $379 million & efforts to conclude int'l agreements in this regard. The Chairman of the Board of Directors of the Fund, Muhammad Ali Al-Lami, said that “the Fund adopts multiple legal & diplomatic mechanisms to cooperate with countries & int'l organizations with the aim of recovering Iraqi funds smuggled abroad,” explaining that “the Fund adopts two basic methods in the recovery process, the 1st is direct & it is done through consultation, contracting or cooperation with int'l companies specializing in recovering funds & assets, in addition to law firms.” He added that "the 2nd indirect method is done through communication with int'l & diplomatic bodies via the Iraqi Ministry of Foreign Affairs & Iraqi embassies & attachés abroad." He pointed out that “all recovered funds are deposited into the accounts of the Ministry of Finance based on the amended Fund Law No. (9) of 2012, specifically Article (4/Ninth), which stipulates opening one or more closed accounts inside or outside Iraq in the name of the Ministry of Finance to deposit the revenues obtained by the Fund & then including them in the state’s General Budget.” He added that "the amounts recovered so far amount to approximately (12,170,227) Euros, (347,803,899) USD, (22,707,875,477) Iraqi Dinars, (1,735,064) Japanese Yen," noting that "the total amount of recovered funds is equivalent to approximately (379,344,897) USD." Regarding the Fund's future plans, he stated that "the Fund seeks to conclude cooperation agreements with int'l & local institutions to develop its work, acquire expertise & enhance efforts to investigate & recover Iraqi funds," indicating that "a number of agreements have recently been signed with local & int'l entities in this regard." Regarding the issue of frozen & smuggled funds abroad, he stressed that "it is difficult to accurately determine all the amounts, as some of them are unknown & some are deposited in personal accounts belonging to the henchmen of the former regime, while another part is known & frozen by local decisions & laws, and there is an effort to verify & recover them in cooperation with the competent authorities & committees." He pointed out that "among the funds frozen abroad, there are approximately (193,947,000) USD in Turkey, (700,000,000) USD in Jordan & (1,450,000,000) USD in Syria." Regarding the number of cases filed by Iraq against entities & individuals involved in stealing & smuggling Iraqi funds, Mohammed noted that “the Fund has been pursuing non-cooperative individuals who may possess Iraqi funds & approximately (39) requests for judicial assistance have been organized,” noting that “these cases are being considered by a judge assigned to the Fund’s cases, based on Article (12) of the Iraqi Funds Recovery Fund Law No. (9 of 2012) as amended, which stipulates that the Judicial Council assign a 1st-class judge to consider cases related to the Fund’s tasks.” He explained that "the follow-up on these cases is done on two fronts: internally through the owners of the Iraqi funds recovery fund & in cooperation with the relevant authorities & externally through int'l companies & specialized law firms." European Airlines Profit From The Iran War. ARTICLE: Since the end of February, the war in Iran has sent shockwaves through the aviation world, with travelers feeling the immediate impact of higher ticket prices, while airlines have had to recalculate their routes to avoid closed airspace, making flights longer & more expensive. Fuel prices, which account for about a third of the cost of flights, have jumped to record highs, especially in Europe, where prices have doubled in a few days due to the partial closure of the Strait of Hormuz & uncertainty about supplies. On the other hand, some European & Asian airlines have taken advantage of the crisis to offer direct flights between Europe & Asia, especially for passengers from Switzerland, Italy, Spain, the Netherlands, Germany & France. Despite prices rising to levels described by passengers as exorbitant, experts insist that it is not exploitation, but a necessity to deal with rising fuel costs & limited supply. Low-cost carriers such as Ryanair & EasyJet are ramping up flights within Europe to mitigate the impact of the crisis on travelers, while private jets have seen increased demand as a safe option to avoid route changes & airspace closures. Amid all this, European tourism has begun to be affected, as travelers look for closer alternatives. Hotels in Barcelona, Lisbon, Rome, Paris, Amsterdam & Berlin are experiencing increased demand & flexibility in planning has become the key to traveling safely. Do you think airlines are exploiting the crisis or acting out of necessity? And would you pay thousands of Euros for a flight now or wait for prices to drop? Iraq To Boost Its Imports Of Egyptian Food Products During 2025. ARTICLE: Data from the Egyptian Food Export Council on Sunday showed that Iraq's imports of food products rose during 2025 to reach more than $200 million. According to the data, Iraq was among the largest importers of Egyptian food products last year, recording $236 million compared to about $184 million in 2024, amid increasing demand for Egyptian food products in regional markets. In the same context, Saudi Arabia topped the list of the largest importers with a value of $563 million in 2025, followed by the US with about $438 million. Egypt’s food exports to Jordan also increased to $287 million, while exports to the UAE reached about $237 million during the same year. Exports to Algeria amounted to approximately $244 million, while Egyptian food industry exports to Lebanon reached approximately $201 million. In European & Asian markets, Egyptian exports to Germany amounted to about $181 million, to the UK about $137 million, while to China they reached about $136 million. The data indicates that the top 10 foreign markets accounted for about 39% of Egypt’s total food industry exports during 2025, with a total value of about $2.66 billion. Dollar STEADY In Baghdad, RISES In Erbil. ARTICLE: The USD opened Sunday’s trading stable in Iraq, hovering around 154,000 Dinars per 100 USD. According to a Shafaq News market survey, the USD traded in Baghdad's Al-Kifah & Al-Harithiya exchanges at 154,050 dinars per 100 USD, the same level recorded on Saturday’s closure. In the Iraqi capital, exchange shops sold the USD at 154,500 Dinars & bought it at 153,500 Dinars, while in Erbil, selling prices stood at 153,950 Dinars & buying prices at 153,850 Dinars. Gold Prices Steady In Baghdad, Erbil. ARTICLE: On Sunday, gold prices held ground in Baghdad & Erbil markets, hovering near 1.085 million IQD per mithqal, according to a survey by Shafaq News Agency. Forex Trading Education: Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.090 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish & European varieties, with a buying price of 1.086 million IQD, unchanged from Saturday. The selling price for 21-carat Iraqi gold stood at 1.060 million IQD, while the buying price reached 1.056 million IQD. In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.090 million & 1.100 million IQD, while Iraqi gold sold for between 1.060 million & 1.070 million IQD. In Erbil, 22-carat gold was sold at 1.123 million IQD per mithqal, 21-carat gold at 1.072 million IQD & 18-carat gold at 919,000 IQD. EIA: Iraq’s Oil Exports To US Rank 3rd Over Week. ARTICLE: Iraq’s crude oil exports to the US rose to 309,000 barrels per day (bpd) last week, ranking third among the largest suppliers, US Energy Information Administration (EIA) data showed on Sunday. According to the data, Iraqi shipments were up 155,000 bpd from 154,000 bpd a week earlier. Total US crude imports from nine major suppliers increased to 5.799 million bpd, up 134,000 bpd from 5.655 million bpd the previous week. Canada remained the top supplier at 4.227 million bpd, followed by Saudi Arabia with 607,000 bpd, Iraq with 309,000 bpd, Venezuela with 232,000 bpd & Nigeria with 156,000 bpd. Additional imports came from Mexico at 140,000 bpd, Columbia at 76,000 bpd, Brazil at 50,000 bpd & Libya at 2,000 bpd.

Here's some articles of Dinarian interests... Iraq: We Have Entered A War Economy. Treat as rumors. not verified. your opine. Tishwash: With The Disappearance Of 10 Iraqi Ministers, Baghdad's Economy Has Entered A War & Will Survive On Only 1 Million Barrels! ARTICLE: Dr. Mahmoud Dagher, an academic & economist who held important positions at the CBI, presented a summary of the country's financial situation with the escalation of the Fourth Gulf War. Iraq was the "first country to enter a state of war economy" after the disruption of oil supplies in the Strait of Hormuz & the attack on tankers in Khor Abdullah. At best, it was no longer possible to export more than 1 million barrels (out of 3 & a half million barrels in the usual situation). He also pointed out that the government's situation was a "political vacuum" as 10 of Mohammed al-Sudani's ministers had become members of parliament while their ministries were currently being run by acting ministers, according to his observation during an interview with journalist Hanadi Sinan, which was followed by 964 Network. Dr. Mahmoud Dagher: 25% of the world's oil comes out of the Strait of Hormuz, so it is impossible to close this strait. This region is a vital artery for the global economy. Under the current circumstances, with the price of a barrel of oil reaching about $100, this poses a problem for the Western consumer in the US, Canada & elsewhere. Will Iran be allowed to control this strait? I believe that measures will be taken in the coming period & it seems that the war will not end quickly. Iraq is now the only country that will be greatly affected if the war lasts too long & it is the only country that has entered a “war economy,” & it is necessary to take quick action. Now we are in dire need of a government that can control the “rhythm,” as the situation is currently very difficult, especially with a government in which 10 ministers have moved to the House of Representatives (their ministries are operating on an acting basis). Oil exports, at best, can reach 1 million barrels. It is possible during the next two months to provide salaries through internal borrowing & also to benefit from reserves, but this does not mean that we are in a comfortable economic situation. We have entered a “war economy” & we need someone to control the mechanisms of the war economy in terms of spending & revenue. TNT via Tishwash: Baghdad In Talks With Erbil To Export Oil Through Its Pipelines, Says Oil Minister. ARTICLE: Abdul Ghani said Thursday that oil production has diminished from over four million barrels per day to merely 1.4 million because of the war. ERBIL, Kurdistan Region of Iraq - Baghdad is in talks with Erbil to export some of Kirkuk’s oil through the Kurdistan Region’s pipelines with Turkey, Iraq’s oil minister said Saturday, coming as the Iran war has severely disrupted exports through the Gulf. Iraqi oil minister Hayyan Abdul Ghani told The New Region that federal government is in talks with the Kurdistan Regional Government (KRG) to transfer oil from the Region’s pipelines to Kirkuk’s Ceyhan pipeline, which flows into Turkey, to resume exports from the key conduit. Since the US and Israel launched their military campaign against Iran in late February, Tehran in retaliation has targeted neighbouring countries and shut the Strait of Hormuz, a key waterway responsible for one fifth of the world’s oil. Iraq has been severely affected by the disruption in oil transport through the Gulf & repair works on the North Oil Company pipeline,” Abdul Ghani added. US President Donald Trump on Saturday said that “many Countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending War Ships, in conjunction with the US, to keep the Strait open & safe.” Abdul Ghani said Thursday that oil production has diminished from over four million barrels per day to merely 1.4 million because of the war. There have also been multiple attacks on tanker ships in the Gulf since the war started, including in Iraqi waters. In the early hours of Thursday, two Marshall Islands- & Malta-flagged tankers were targeted within Iraqi territorial waters. One crew member was killed & 38 others were rescued by Iraqi authorities, according to state media. Baghdad has previously requested to export oil through the Kurdistan Region’s oil pipeline to allow for exports & cash access. However, Iraq’s continued trade embargo on the Kurdistan Region since the start of the year has prevented reaching a deal, according to a senior KRG official. “Baghdad has enforced a complete trade embargo on the Kurdistan Region since January 1 this year. It has crippled our economy & finances & is existential for the Region,” the official told The New Region. The official stated that the KRG would welcome Baghdad’s use of the pipeline, “but this embargo must be lifted too, even as temporary relief for the whole country until a long-term deal has been settled. We want to be helpful, especially to our US partners.” “Iraq faces an unprecedented fiscal & economic crisis. Baghdad should be doing everything in its power to facilitate trade & exports — not stifle them,” they added. The current disruption may also make it difficult for Iraq to pay civil servant salaries. Iraq’s monthly oil revenues are deposited into its account at the US Federal Reserve, which are normally transferred back to the country accordingly. In January and February, none of the revenue came through; a transfer was scheduled for the beginning of March, but after flights were suspended due to the US-Israeli war on Iran, the transfer route was cut off. Tishwash: Trump Announces Multinational Effort To Open & Secure Hormuz Strait. ARTICLE: U.S. President Donald Trump stated that several countries will send warships to the Hormuz Strait to make it “open & safe." Following military operations involving the United States, Israel, and Iran, now in its 3rd week, the Iranian Revolutionary Guard declared the strait closed earlier this month to most commercial traffic. The closure of the Strait has triggered a global energy crisis, causing oil prices to surge past $100 per barrel and forcing a 97% drop in regional maritime traffic. Countries to Join US in Securing Hormuz Strait Despite Iran Threat. “Many countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending warships, in conjunction with the US, to keep the Strait open & safe," Trump wrote on Truth Social on Saturday. He noted that although Iran’s military capability is fully destroyed, they can still easily send drones, drop mines, or launch missiles along the waterway. Trump Calls for International Support to Open Strait. “Hopefully China, France, Japan, SK, the UK & others that are affected by this artificial constraint will send ships to the area so that the Hormuz Strait will no longer be a threat by a nation that has been totally decapitated," he added. Trump said the US is currently attacking “the hell out of the shoreline & continually shooting Iranian boats & ships out of the water. One way or the other, we will soon get the Hormuz Strait OPEN, SAFE & FREE!” Iran Vows to Keep Strait Blocked; U.S. Prepares. In his first public statement since succeeding his father, the new Supreme Leader, Ayatollah Mojtaba Khamenei, announced last week that the "lever of blocking the Strait of Hormuz must continue to be used.” The Revolutionary Guard also maintained that not "a liter of oil" will pass for the US or its allies & any vessel linked to them will be considered a "legitimate target." Earlier, Pentagon chief Pete Hegseth said the Washington is prepared for possible Iranian efforts to block the waterway, working on clear objectives & strategies. Meanwhile, General Dan Caine called the strait “a tactically complex environment,” emphasizing that military escort operations should align with broader strategic goals before any large-scale action.

Here's an article of Dinarian interests... Iraq Explores New Ways To Boost Non Oil Revenues. Treat as a rumor. Not verified. Your opine. Tishwash: The Ministry Of Finance Is Exploring Economic Reforms & Ways To Boost Non-Oil Revenues. ARTICLE: Finance Minister Taif Sami directed on Wednesday that non-oil revenues be strengthened. The ministry said in a statement that “Minister of Finance, Taif Sami, chaired today the periodic meeting of the ministry’s advisory board, in the presence of the advisor and the directors general of the ministry & its formations.” Indicating that “during the meeting, financial and economic reforms were reviewed & discussed, with a focus on evaluating the institutional performance of the past period & developing plans to raise the efficiency of administrative & financial work in line with the directions aimed at achieving financial stability in the country.” She added that "the meeting witnessed discussions on vital issues, foremost among them the axis of maximizing public revenues." The minister stressed "the need to intensify efforts & push towards enhancing non-oil revenues in accordance with a modern vision that adopts digital transformation." She stressed "the importance of joint coordination between the ministry's departments towards a comprehensive structural reform that ensures the sustainability of financial resources & directs them towards the most important development sectors."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Iraq Benefits From US Protection. Will Not allow US To Use Iraq to launch attacks against Iran. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Foreign Minister: Iraq Is Committed To Protecting Diplomatic Missions & Not Allowing Its Territory To Be Used For Hostile Acts. ARTICLE: During his meeting with US Chargé d'Affaires Joshua Harris in Baghdad, Foreign Minister Fuad Hussein affirmed Iraq's commitment to shielding the country from the repercussions of the war, emphasizing the government's commitment to protecting and ensuring the security of diplomatic missions operating in Iraq. The minister reiterated that Iraq will not allow its territory to be used as a launching pad for any hostile acts against neighboring countries, stressing his country’s commitment to maintaining the security & stability of the region. Iraq's Central Bank: Foreign Currency Reserves At $97.4 Billion At End Of 2025. ARTICLE: Iraq’s foreign currency reserves fell to $97.433 billion by the end of 2025, down from $100.367 billion a year earlier, according to official statistics released by the CBI. The bank said the reserves were equivalent to about 126.661 trillion Iraqi Dinars at the end of last year, compared with 130.347 trillion dinars recorded in 2024. The data also showed that reserves in 2024 had already declined compared with 2023, when they reached $111.736 billion, equivalent to 145.257 trillion Dinars. According to the central bank’s figures, gold holdings accounted for 31.488 trillion Dinars of the total reserves, while external investments amounted to 93.266 trillion Dinars. Cash holdings in the CBI’s vaults were valued at about 1.907 trillion Dinars. Reduced Gas Supplies Leave 6-6.5gw Generation Gap. ARTICLE: The Ministry of Electricity has confirmed that imported gas supplies from Iran are continuing at a reduced level of six million cubic metres per day (6mcm/d). Official spokesperson Ahmed Mousa Al-Abadi said the current volumes remain below contracted levels & continue to affect generation units & power stations. He noted that milder temperatures have helped contain demand and maintain relative grid stability. According to the ministry, the available gas is being directed to key generating units at major load-centre stations, including Basmaya [Bismaya] & Al-Mansouriya. However, reduced flows continue to constrain electricity production. The ministry estimates that the power system is currently short of approximately 6,000 to 6,500MW of capacity, across both simple and combined-cycle operations, due to limited gas supplies. It added that coordination is ongoing with the Gas Company to explore the possibility of increasing imported volumes, particularly ahead of the summer peak demand period. The ministry also said that cooperation between the electricity & oil sectors has helped provide alternative fuel to affected generating units. Iraq Leaders Reaffirm Ban On Attacks From Iraqi Territory. ARTICLE: Iraq’s four presidencies reiterated on Thursday their longstanding rejection of using the country’s territory as a launchpad for attacks against neighboring states, according to an official statement. During a meeting at Baghdad Palace, President Abdullatif Rashid, caretaker Prime Minister Mohammed Shia Al-Sudani, Parliament Speaker Haibet Al-Halbousi, and Supreme Judicial Council President Judge Faiq Zaidan stressed the need to prevent Iraq from being drawn into external conflicts, voicing support for government measures aimed at maintaining security & stability, protecting diplomatic missions, and safeguarding nat'l sovereignty. Presidents Hold A Meeting In Baghdad Palace To Research Developments In The Region & Their Serious consequences ARTICLE: The Presidencies held a meeting in Baghdad Palace, today Thursday, March 5, 2026, in the presence of the President of the Republic, Dr. Abdul Latif Jamal Rashid, the PM of the Cabinet, Mr. Mohammed Shia Al-Sudani, the President of the House of Representatives, Mr. Hibet Al-Halbousy & the President of the Supreme Court, Justice Faiq Zidane. The meeting witnessed an in-depth review of the latest security & political updates on the regional & int'l spheres, and their direct reflections on the internal situation in Iraq, the community also discussed the mechanisms the government is using to prevent the country from being drawn to external conflicts, emphasizing the support of the government's actions in imposing security, stability & protecting the sovereignty of the country & the commitment to protecting the security of diplomatic missions. Stressing on the necessity of maintaining Iraq's central & balanced role in promoting security & stability in the region. The presidents have renewed Iraq's firm position by refusing to use its territories to attack neighboring countries or threaten their security, as well as rejecting the assaults that span cities, governorates of Iraq and Kurdistan Region, which are a violation of national sovereignty. The meeting emphasized the necessity of an immediate halt of military operations in the region & respect for the sovereignty and independence of countries, calling for the int'l community to move urgently for Hiloula without widening the conflict patch. The meeting also stressed that the approach to the negotiation and diplomatic solutions is the best way to avoid the region the consequences of serious conflict on both regional & int'l levels. On the domestic level, communities are studying the importance of accelerating the completion of constitutional rights, strengthening national unity to face the current circumstances, as well as supporting government efforts to consolidate security, stability, improving the living and service conditions of citizens, and moving forward on the path of reform & sustainable development. At the end of the meeting, the attendees stressed the need to support the strategic security measures to simplify security and order, and to hold the rumor promoters accountable through social media platforms for what constitutes a direct threat to the family ladder and internal security, according to legal & judicial procedures. They also condemned attacks targeting Iraqi cities and provinces, including the Kurdistan Region, describing them as violations of Iraq’s sovereignty. While calling for an immediate halt to military operations across the region & urging the int'l community to act swiftly to prevent further escalation, the leaders stressed that negotiations & diplomatic solutions remain the most effective path to spare the region the dangerous consequences of widening conflict. The statement comes as regional tensions intensify following joint US–Israeli strikes on sites inside Iran on February 28, which prompted Tehran to launch retaliatory missile & drone attacks against Israel & US military bases across the region. In Iraq, factions aligned with Tehran have stepped up activity under the banner of the Islamic Resistance in Iraq, claiming rocket and drone attacks against what they describe as “enemy bases” in Iraq & neighboring areas. Al-Sudani had affirmed that Baghdad will not permit any threats to arise from its territory against Tehran. Iraqi factions: Europe’s Forces Legitimate Targets If They Back US-Israel Strikes On Iran ARTICLE: The Islamic Resistance in Iraq, an umbrella for Iran-aligned armed factions, has warned that European countries supporting US and Israeli military operations against Iran could see their forces & interests in Iraq & across the region targeted. In a statement on Thursday, the group described the US & Israel as “mobilizing allies” against “the free people of the Islamic Republic and the region.” It warned that any European country participating in the military campaign “will be considered an enemy of our peoples and sanctities.” The warning comes as fighting between the US & Israel on one side & Iran on the other has intensified since Feb. 28, when joint strikes targeted sites inside Iran, prompting Tehran to launch retaliatory missile and drone strikes on Israel & US military bases in Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia & the United Arab Emirates. In Iraq, factions aligned with Tehran have stepped up activity under the banner of the Islamic Resistance in Iraq, claiming rocket and drone attacks against what they describe as “enemy bases” in Iraq & neighboring areas. Several European countries have also taken steps tied to the conflict. The UK allowed the US to use its military bases for what Prime Minister Keir Starmer described as “defensive strikes,” & deployed helicopters with anti-drone systems & a warship toward Cyprus after a drone struck a British base there earlier this week. France reinforced its presence on the island with a frigate & additional air defense assets, according to President Emmanuel Macron. Spain, however, rejected the US strikes, prompting US President Donald Trump to threaten a full American embargo on Madrid in response to the socialist government’s position. Iraq Braces For Escalation Amid Fears Of Fallout From Iran-Israel-US War. ARTICLE: The continued region-wide confrontation has put Iraq on a knife’s edge, driving fears that the country could be dragged further into the Iran-Israel-US war. Protests against the Israeli-US attack on Iran have continued for a 2nd day, as have airstrikes targeting Iraqi armed groups close to Tehran. A protracted conflict could threaten to collapse Iraq’s oil-dependent economy, raising concerns that the worst might be to come. The coverage: Iran’s confirmation of Khamenei’s death in a Feb. 28 Israeli airstrike in Tehran has been received with a mixture of anger and mourning across the Iraqi political spectrum. Iraq’s Popular Mobilization Units (PMU) issued a statement mourning Iran’s slain supreme leader, saying that Khamenei had “ascended to the highest abode following a treacherous Zionist-American aggression.” The office of Najaf-based Grand Ayatollah Ali Al‑Sistani circulated a message urging Iranians to preserve nat'l unity and deny their “enemies” the fruits of Khamenei’s assassination. Iraqi President Abdul Latif Rashid, Kurdistan Region President Nechirvan Barzani & caretaker Prime Minister Muhammad Shia’ Al‑Sudani each offered condolences while calling for de‑escalation & endorsing an official three‑day mourning period. A military spokesperson for Sudani, who is also Iraq’s commander-in-chief, stated that the caretaker premier “condemned the unjustified aggression against the Islamic Republic.” Supporters of Iran-allied armed groups have renewed demonstrations near Baghdad’s Green Zone, where the US embassy compound is located. Videos of the protests showed chaotic scenes, with reports of live ammunition, stun grenades & tear gas being fired by security services. Seemingly more peaceful demonstrations were also seen in the shrine city of Najaf. Iraqi parliamentary sources have reported that the legislature’s scheduled session for Mar. 1 had been cancelled partly due to the unrest. An apparent strike on a PMU convoy near the Iranian border in Diyala Governorate reportedly killed several fighters affiliated with Shiite armed group Asa’ib Ahl Al-Haq. It was unclear whether the attack was carried out by Israeli or US forces. The targeted killing is speculated to be geared to send the message that the movements of Iran’s allies are being closely watched. The PMU “temporarily” evacuated civilian staff from bases in Nineveh Governorate in response to two apparent Israeli-US drone attacks earlier on Mar. 1. However, Iraqi outlet Shafaq News reported that troops have maintained “tight security” at their posts. Later on Mar. 1, reports emerged that Kata’ib Hezbollah fighters had been targeted at the group’s Jurf Al-Sakhar base—the same site of another strike the previous day. A second site at the Al-Qaim border crossing with Syria was also reportedly hit. No group or government has claimed responsibility for the attacks. Senior Kurdistan Region Government (KRG) officials appear to have remained notably taciturn on the Iran-Israel-US conflict so far despite ongoing strikes in the semi-autonomous region. One site housing US troops stationed in Erbil has come under sustained Iranian missile & drone barrages that seemed to intensify into the night on Mar. 1. A statement issued by the Iran-backed armed group Saraya Awliya Al-Dam has taken responsibility for a purported ballistic missile strike on Erbil. The claimed strike suggests that lower-profile members of the Shiite alliance of armed groups known as the “Islamic Resistance of Iraq” may be entering the fray. The development also indicates that what previously was an external conflict dragging in Iraqi actors now seems to involve Iraqi parties striking perceived domestic rivals. Amid the widespread coverage of the material impact of the conflict on Iraq, other reports stressed Iraq’s profound economic vulnerability. Analysts warn that any prolonged closure of the Strait of Hormuz by Iranian forces could slash Iraq’s oil revenues, which fund more than 90% of the Federal Budget. The context/analysis: The recent regional escalation, part of a broader Israeli-US campaign to degrade the Islamic Republic, has again turned into a target & corridor for conflict. As in previous flare-ups, top Iraqi authorities have insisted that the country remains officially neutral & must not become a staging ground for regional disputes. Iraqi officials have condemned the Israeli-US strikes on Iran and on PMU sites as “unjustified” violations of Iraq’s sovereignty while warning against the use of Iraqi airspace to attack Iran. Protests outside Baghdad’s Green Zone show how Iran-allied groups can quickly channel grief into street pressure on Iraq’s government. Drone attacks and falling debris across Erbil, Kirkuk and Nineveh highlight Iraq’s fragmented security map—where PMU brigades, Kurdish forces and the Iraqi Army overlap. All this appears to put the PMU in a difficult position. Evacuation orders such as those in Nineveh while retaining armed guards point to an attempt to reduce exposure without ceding influence in sensitive minority areas. Among Iraq’s political elite, fears of military escalation are likely matched by concern over the economic ramifications of a prolonged conflict. Lasting instability in neighboring Iran, one of Iraq’s largest trading partners, would have a profound effect on Iraq’s economy. This could demand a radical reshaping of Iraqi markets. For actors critical of Iran’s influence in its western neighbor—& the significant economic power of Tehran’s allied Iraqi armed groups—such a shift likely cannot come soon enough. The future: Further regional instability and a possible prolonged disruption to transit through the Strait of Hormuz and the Red Sea could prove decisive tests for both Sudani’s caretaker government & Iraq’s struggling rentier economy. Economic specialists calculate that a full closure to tanker traffic in the Red Sea could wipe out more than 90% of Iraq’s monthly oil income. This could cut Baghdad’s hydrocarbon receipts from roughly 7B USD dollars to less than 1B USD. Officials at Iraq’s Ministry of Oil have reportedly convened an “emergency” meeting aimed at developing plans for alternate export routes. Such contingency planning will likely involve pipelines and storage projects, but these remain years from fully compensating for Gulf terminals. On the political stage, calls for de‑escalation and unity indicate elite desire to steer Iran-allied armed factions & their supporters on the Iraqi street away from a wider confrontation.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Iraq Weighs In The Direct Cost Of The Shutdown Of Strait Of Hormuz. Treat as rumors. nor verified. Your opine. FROM IRAQI SOURCES: Government Advisor: Iraq's Foreign Reserves Are Its 1st Line Of Defense In The War. ARTICLE: The PM’s Advisor for Financial & Economic Affairs, Mazhar Muhammad Salih, affirmed on Wednesday that Iraq possesses fundamental coordination flexibility at three levels between monetary, fiscal & oil policies, which can form an important umbrella of resilience in the event that regional tensions escalate & exports through the Strait of Hormuz are affected. Saleh said in a press interview that "activating these policies in a coordinated & participatory manner gives the national economy the ability to absorb shocks," explaining that "resorting to land transport of oil containers - although it represents only between 10% and 15% of the average oil exports passing through the Strait of Hormuz - can constitute a complementary option to secure part of the export flows." He added that “the rise in oil prices as the war intensifies gives Iraq what is known as the opportunity cost to maximize added value, even with the decrease in quantities, the increase in transportation costs & the costs of some large fields ceasing to operate,” indicating that “managing exported quantities flexibly is integrated with managing global prices to achieve the best possible return for the general budget.” Saleh stressed that “foreign reserves represent the most important pillar of stability in such circumstances, as they play a pivotal role in supporting monetary & financial stability, and providing the necessary cover for financing foreign trade & maintaining the stability of the ER.” He pointed out that “borrowing to support public finances, if managed wisely, can be an important alternative to support the liquidity of the general budget & ensure the continuity of operational & investment spending,” noting that “the nat'l economy currently possesses real resilience against potential external shocks.” He concluded by saying that "the time factor remains the strategic determinant in crisis management, as good time management and enhanced coordination between economic policies, along with maintaining the financial and living stability of citizens, will transform the shock from a prolonged crisis into a manageable & controllable challenge." Al-Rafidain Bank Launches The 58th Batch Of The Leadership& Excellence Initiative. ARTICLE: Rafidain Bank announced on Wednesday the launch of the 58th installment of its Leadership & Excellence Initiative. In a statement received by "Al-Eqtisad News," the bank said, "The 58th installment of the Leadership & Excellence Initiative, supporting small & medium-sized enterprises, has been launched with a total amount of 1 billion Iraqi dinars, benefiting 89 individuals." The statement added, "This installment is a continuation of efforts to finance entrepreneurs & young people within the framework of the Central Bank of Iraq's initiative." It further stated, "The number of beneficiaries financed has reached 5,638 & the total value of funds disbursed to date has reached 71,941,000,000 Iraqi dinars, reflecting the bank's commitment to supporting entrepreneurial projects that contribute to building the national economy." Airlines In The Region Are Losing Around $500 Million A Day. ARTICLE - Follow-Up: WEGO Chief Business Officer Mamoun Humaidan said that daily losses for airlines are estimated at between $250 million & $500 million per day for companies that use the region's airports as a transit point. He added that low-cost airlines are the most affected due to their lower profit margins. Hamidan said that the aviation sector's problem has now branched out to include route changes and rising costs, and he expects IATA to intervene to solve the problem. He noted that things were promising yesterday with the opening of some special flights to evacuate stranded travelers. Meanwhile, travel company stocks suffered sharp losses yesterday, with their market value falling by $22.6 billion, amid escalating geopolitical concerns that have disrupted air travel globally. Shares of U.S. airlines such as Delta Air Lines, United & American Airlines fell between 2% & 4%. In Europe, shares of TUI fell by 10% & Lufthansa shares declined by 5.2%, while British Airways owner IAG lost about 5.5%. Analysts from JPMorgan, Goodbody & Citigroup noted that Wizz Air is the most exposed in Europe due to its large presence in Israel. On the other hand, Jefferies estimates that a 5% increase in fuel costs could reduce Delta & United's 2026 profits by between 5% and 10%, while American Airlines' profits could fall by about 35%. The chaos in the global aviation sector worsened after airlines cancelled thousands of flights & changed the routes of others in the air, following the closure of large areas of airspace in the Middle East after military strikes carried out by the United States and Israel inside Iranian territory. The widespread closure of airspace caused disruptions to extend to areas as far away as Brazil & Australia, as airlines were forced to cancel or divert flights that normally fly over the region. The Closure Of Iraqi Airspace To All Aircraft Has Been Extended For (72) Hours. ARTICLE: The Civil Aviation Authority announced on Wednesday that the closure of Iraqi airspace has been extended for 72 hours. A statement issued by the authority and received by “Al-Eqtisad News” stated that it “decided to extend the closure of Iraqi airspace to all incoming, departing & transiting aircraft for 72 hours starting from 12:00 noon on Wednesday, March 4, 2026 (09:00 UTC) until 12:00 noon on Saturday, as a temporary precautionary measure.” He noted that "the decision is based on the ongoing assessment of the security situation and developments in the regional situation, and will be reassessed in light of new developments. Airlines & relevant authorities will be notified of any updates later." The Fees For Collecting The Items On The Ration Card Are 1,000 Dinars Per Person Without Any Increase. ARTICLE: The Ministry of Trade confirmed on Wednesday that the fees for collecting the items on the ration card amount to (1000) dinars per person, without any increase. The ministry explained in a statement received by “Al-Eqtisad News” that “the items of the food ration are fully secured, and that the preparation processes are continuing according to the approved schedules to ensure that they reach citizens smoothly and without shortage or manipulation.” The ministry added that "its monitoring teams in the Department of Commercial & Financial Control are continuing their field campaigns in coordination with the security services to monitor the work of agents and detect violations, in addition to monitoring commercial markets and auditing food prices." The ministry reiterated its "commitment to securing the items on the ration card in accordance with the approved regulations, and ensuring the smooth flow of distribution in a way that preserves the citizens' food supply & enhances confidence in the procedures followed." Labor & Social Affairs: Agreements Signed With 3 Countries To Develop The Labor Market. ARTICLE: The Ministry of Labor and Social Affairs signed three memoranda of understanding with Morocco, Pakistan and Bangladesh, aimed at developing & regulating the labor market & enhancing cooperation in the areas of vocational training & skills development. The Director of the Department of Labor & Vocational Training at the Ministry, Osama Majeed Al-Khafaji, told Al-Sabah, as reported by Al-Eqtisad News: “This step comes within the framework of a comprehensive strategy that the Ministry is working to implement to develop the labor market, through building international partnerships based on the exchange of experiences and regulating the movement of labor according to clear legal frameworks.” He added that the memorandum of understanding with Pakistan focuses on strengthening cooperation in the field of labor regulation & the exchange of experiences, while the agreement concluded with Bangladesh includes coordination mechanisms in the areas of vocational training & skills development, along with regulating contracting procedures & protecting workers’ rights. Al-Khafaji added that the third memorandum of understanding with the Kingdom of Morocco aims to exchange experiences in the fields of vocational training and qualification of personnel & to benefit from successful experiences in developing training programs & linking them to the needs of the labor market. He explained that the agreements came within the framework of a government direction to enhance int'l cooperation in the labor sector and open new horizons for skilled labor, in line with economic development plans & to enhance the ability of the Iraqi labor market to absorb competencies & organize them according to modern professional standards.