Iraq possesses 20,000 oil tankers capable of holding 4 million barrels per day… Experts present 3 “emergency” alternatives to the Strait of Hormuz
2026-03-09 | 04:27
SumerianNews-Economy
Economic experts reviewed on Monday the possible alternatives for Iraq to export its oil away from Strait of Hormuz They discussed the possibility of using the large fleet of Iraqi tankers to transport oil from the southern fields to export platforms via Read more…
Abu Fadak is at the heart of the equation… The framework faces a crucial night for the premiership.
2026-03-09
Shafaq News – Baghdad
The leaders of the Coordination Framework are holding a meeting Monday evening at the home of the head of the Supreme Islamic Council, Humam Hamoudi, in an attempt to decide the fate of the nomination of the head of the State of Law Coalition, Nouri al-Maliki, for the position of Prime Minister, after weeks of internal Read more…
“Within a year”… The Central Bank of Iraq sells more than $80 billion
2026-03-09 00:11
Shafaq News – Baghdad
The Central Bank of Iraq revealed on Monday that its sales of hard currency amounted to more than $80 billion during the year 2025.
The bank stated in a statistic seen by Shafaq News Agency that its sales of hard currency during 2025 amounted to Read more…
An expert predicts a 30% drop in dollar sales in Iraq.
2026-03-09 00:54
Shafaq News – Baghdad
Economic expert Manar Al-Obaidi said on Monday that the total sales of foreign currency by the Central Bank of Iraq amounted to about $884 billion during the period from 2006 to 2025, noting that these sales witnessed a remarkable Read more…
“Security concerns” are driving Iraqis to withdraw their money from state-owned banks.
2026-03-09 01:39
Shafaq News – Baghdad
An informed source reported on Monday that state-owned banks in Iraq, particularly Rafidain Bank and Rasheed Bank, are suffering from a severe liquidity crisis and a shortage of cash, with a clear decline in the funds available within those banks.
The source told Shafaq News Agency that “citizens who have deposited money have Read more…
Hormuz chokes Iraq: Oil exports below 800,000 barrels per day
2026-03-09 02:17
Shafaq News – Baghdad
Iraqi oil production has fallen sharply from 4.3 million barrels per day to 1.3 million barrels per day as a result of the disruption to shipping through the Strait of Hormuz.
This decline reduced Iraqi exports to less than 800,000 barrels per day, which Read more…
JP Morgan: Iraq has the lowest oil storage capacity among Gulf countries
2026-03-09 02:58
Shafaq News – Baghdad
Data released by JPMorgan on Monday showed that Iraq has one of the lowest oil storage capacities among Gulf countries compared to other countries in the region.
According to the data, Saudi Arabia leads the Gulf countries in storage capacity, with Read more…
First official Iraqi comment on rising oil prices
2026-03-09 04:21
Shafaq News – Baghdad
On Monday, Mazhar Muhammad Salih, the financial and economic advisor to the Iraqi Prime Minister, commented on the significant rise in global oil prices against the backdrop of the military conflict in the region.
Saleh told Shafaq News Agency that the oil administration Read more…
Kuwait informs Baghdad of recorded attacks originating from within Iraqi territory.
2026-03-09 06:08
Shafaq News – Baghdad
On Monday, the Kuwaiti ambassador in Baghdad informed the Iraqi Foreign Ministry that attacks had been recorded from within Iraqi territory targeting locations inside Kuwaiti territory, and called on the government to put an end to them.
The Ministry of Foreign Affairs’ media office said in a statement Read more…
Following the selection of the new Iranian Supreme Leader… Who is Mr. Mojtaba Khamenei?
2026-03-09
On Sunday, Iran witnessed the selection of Mr. Mojtaba Khamenei as the new Supreme Leader of the country, succeeding his father who was assassinated in Tehran days earlier in an American-Israeli operation.
Iran’s Assembly of Experts announced Read more…
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Iraq recovers more than nine million dollars from frozen assets in Italy
2026-03-09
The Iraqi Funds Recovery Fund announced its success in recovering more than nine million dollars of Iraqi funds that had been frozen in Italy. This latest achievement reflects the effectiveness of the Fund’s legal and diplomatic efforts in recovering these assets. Mohammed Ali Al-Lami, Chairman of the Fund’s Board of Directors, stated that the Fund received information about Iraqi government accounts held at Read more…
Iraqi Dinar Guru opinions 3-8-2026
3-8-2026 Newshound Guru Jeff We all want to know when the rate is going to change. Let’s talk about not only when the rate is going to change…but what’s really happening…Are they even having sessions of parliament? Is the government doing anything? Absolutely not. Zero in Iraq. They’re not doing anything right now…The formation of Iraq’s government is the lynch pin to the rate change…The formation o Iraq’s government gets them back on the world stage. It’s a critical level of stability needed… Read more…
Central Bank of Iraq: Reserves cover 12 months of imports
2026-03-08 09:22
Shafaq News – Baghdad
The Central Bank of Iraq confirmed on Sunday that its reserves cover 12 months of imports, while indicating that it possesses “financial buffers”.
In a statement received by Shafaq News Agency, the bank said, “Within the framework of its constitutional and legal responsibilities to protect monetary and Read more…
Trump threatens Iran’s new Supreme Leader: He must get our approval.
2026-03-08 08:35
Shafaq News – Washington
US President Donald Trump asserted on Sunday that the selection of Iran’s new Supreme Leader must be done with his approval.
Trump told ABC News: “The new leader in Iran must get our approval to make sure we don’t have to come back every 10 years.”
He added: “The new Supreme Leader in Iran will not last long Read more…
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The National Union rejects “consensus” and insists on a single-party candidate for the presidency.
3-8-2026
The Information/Baghdad…
Kurdistan Democratic Party (KDP) MP Dana Aziz confirmed on Sunday the continued deadlock within the Kurdish political landscape due to the Patriotic Union of Kurdistan’s (PUK) stance. He indicated that the PUK still rejects the option of a consensus candidate for Read more…
Al-Moussawi: Deciding on a candidate for prime minister requires a comprehensive meeting of the political forces within the framework.
3-8-2026
The Information Agency / Baghdad…
MP Mukhtar al-Moussawi confirmed on Sunday that the limited meetings between some leaders of the framework will not lead to decisive results regarding the selection of a prime ministerial candidate. He called for a comprehensive meeting of all forces within the framework to end Read more…
Trump: We don’t want to involve the Kurds in the war, and the map of Iran may change.
2026-03-08
Shafaq News – Washington
US President Donald Trump said on Sunday that Washington does not want to involve the Kurds in the ongoing war against Iran, in a notable reversal of a previous position in which he expressed support for a Kurdish cross-border move.
He added in a statement to reporters that the Kurdish fighters had shown a willingness Read more…
Iraq’s domestic public debt has risen to more than 8%
2026-03-08 03:32
Shafaq News – Baghdad
The Central Bank of Iraq revealed on Sunday that domestic public debt will increase by the end of 2025.
The bank said in an official statistic seen by Shafaq News Agency that “Iraq’s internal public debt rose Read more…
With less than two million barrels per day, Iraq was the first country to be affected by the war in terms of oil production.
2026-03-08 06:08
Shafaq News – Baghdad
Bloomberg reported on Sunday that Iraq’s oil production has fallen by about 60% as the Iran-related war continues, disrupting oil tanker traffic and hindering exports through the Strait of Hormuz.
The agency quoted informed sources as saying that Iraq is currently producing Read more…
Iran: Member of the Assembly of Experts announces election of new Supreme Leader
2026-03-08
Ahmad Alamolhoda, a member of Iran’s Assembly of Experts, announced on Sunday the election of the new Supreme Leader. In a statement, Alamolhoda said, “The Assembly of Experts has made its decision and elected the new Supreme Leader,” adding that Read more…
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