Regional disputes escalate… Calls to resolve the government formation crisis and end the revenue crisis
7-8-2026
Information / Baghdad..
Political disputes continue within the Kurdistan Region amid the stalled formation of the new government, coinciding with escalating calls to compel the regional government to fulfill its constitutional obligations towards Baghdad, particularly regarding the handover of oil and non-oil revenues, amid warnings of the impact of these crises on the living conditions of citizens.
Ongoing political deadlock
Political observer Atheer Al-Sharaa confirmed Read more…
Al-Bayati: We are waiting for a roadmap from the Ministry of Finance to address the economic challenges.
7-8-2026
Information/Baghdad…
MP Mohammed al-Bayati confirmed on Wednesday that he is awaiting a roadmap from the Ministry of Finance for managing the financial situation in the coming period, given the challenges facing the Iraqi economy.
Al-Bayati told Al-Maalouma that “Iraq is going through a difficult financial phase due to its declining ability to export oil at high levels,” noting that “the Ministry of Finance faces significant challenges, and we are waiting for a roadmap that clarifies the features of the next phase, Read more…
A member of parliament predicts the completion of the government cabinet by the end of this month.
2026-07-08
Shafaq News – Baghdad
MP Murtada al-Saadi, from the Reconstruction and Development bloc, confirmed on Wednesday that the House of Representatives is waiting for Prime Minister Ali al-Zaidi to send the names of candidates for the vacant ministerial portfolios, while he predicted that the vote on them would take place at the end of this month.
Al-Saadi told Shafaq News Agency that “some of the names nominated for ministerial portfolios had some reservations and did not gain the confidence Read more…
Iraq issues a postage stamp commemorating Khamenei’s funeral procession in Najaf and Karbala
2026-07-08
Shafaq News – Baghdad
Iraqi Minister of Communications, Mustafa Sanad, issued a decision on Wednesday to release a postage stamp to commemorate the funeral procession that Iraq witnessed for the body of the late Iranian Supreme Leader, Ayatollah Ali Khamenei.
This comes as the funeral procession for Khamenei begins in the city of Najaf, with broad popular and official participation, amid strict organizational and security measures to keep pace with Read more…
UAE: Iran is incapable of turning the page on the war
2026-07-08
Shafaq News – Abu Dhabi
The UAE described Iran on Wednesday as “still unable to turn the page on war” as security tensions in the region returned due to the exchange of strikes between the US and Iran and the targeting of commercial ships, Kuwait and Bahrain.
Anwar Gargash, diplomatic advisor to the UAE president, said in a post on the X platform that “Iranian attacks on Qatari and Saudi commercial tankers in the Strait of Hormuz, and the repeated aggression against Bahrain and Kuwait, are a clear indication that Tehran is still unable to comply Read more…
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Iraq exports more than one million barrels of oil to America in June
2026-07-08
Shafaq News – Washington
The U.S. Energy Information Administration announced on Wednesday that Iraq’s crude oil exports to the United States exceeded one million barrels during the month of June.
The administration stated, in a table seen by Shafaq News Agency, that “Iraq exported 1.35 million barrels of crude oil to the United States during the month of June, a decrease from the month of May, in which Iraqi exports amounted to Read more…
As confirmed by Shafaq News, the Central Bank reduces the dollar allocation for travelers.
2026-07-08
Shafaq News – Baghdad
On Wednesday, the Central Bank of Iraq issued new regulatory instructions regarding the mechanism for meeting the demand for foreign currency for citizens traveling outside Iraq.
The bank stated in a statement received by Shafaq News Agency that the new instructions included setting a ceiling for the cash quota for an adult traveler at (2000) US dollars per month, instead of (3000) dollars, within the framework of developing the management of foreign exchange sales operations, enhancing the efficiency Read more…
Qatar strongly condemns Iran’s repeated attacks on Bahrain and Kuwait.
7-8-2026
The State of Qatar condemned on Wednesday the repeated Iranian attacks on Bahrain and Kuwait, with the Qatari Ministry of Foreign Affairs stating in a statement that “the State of Qatar strongly condemns the repeated Iranian attacks on the Kingdom of Bahrain and the State of Kuwait, considering them a blatant violation of the sovereignty of the two countries and a flagrant breach of the rules of international law.”
The Qatari Ministry of Foreign Affairs also stressed Read more…
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Trump: I believe the memorandum of understanding is over and I don’t want to deal with the Iranians.
7-8-2026
US President Donald Trump stated on Wednesday that US aircraft had heavily bombed Iran at dawn that day. Trump said the military response came after Iran bombed commercial ships and oil tankers in the Strait of Hormuz, noting that Washington had wasted a lot of time negotiating with Tehran. He added that America would not Read more…
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Iraqi Dinar Guru opinions 7-7-2026
7-7-2026 Intel Guru Reset Intelligence On July 10, 3 days out, the ASYCUDA customs system goes mandatory at every border and the paper trail dies. Egypt closed its own currency gap the same way in 2016. In roughly 8 days, Prime Minister al-Zaidi flies to Washington with a delegation of Iraqi business owners, carrying an IMF-shaped 2027 budget and a fresh American energy deal. Read more…
Three oil tankers were hit in the Strait of Hormuz within 24 hours.
2026-07-07
Shafaq News – London
The UK Maritime Trade Operations (UKMTO) reported on Tuesday afternoon that a third oil tanker was struck by an unidentified drone near the Strait of Hormuz, sustaining minor damage to its hull.
The authority stated in a statement on the “X” platform, which was followed by Shafaq News Agency, that there were no injuries or environmental impacts, and that the ship is continuing its journey to its next destination.
This incident comes after a Saudi-flagged crude oil tanker and a Qatari liquefied natural gas tanker were targeted Read more…
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The framework calls for a new mechanism to arrest corrupt officials “without tanks” and awaits al-Zaidi’s visit to Washington.
2026-07-07
Shafaq News – Baghdad
An informed source revealed on Tuesday what transpired between the attendees at the home of Hadi al-Amiri, head of the Badr Organization, indicating that they focused on adopting a new mechanism for summoning those involved in suspected financial corruption, away from “tanks and security forces,” while pinning their hopes on Prime Minister Ali al-Zubaidi’s visit to Washington.
The source told Shafaq News Agency that “those gathered stressed the need for summoning those involved Read more…
A political move is expected to finalize the cabinet formation.
2026/07/07
With the end of the legislative recess and the return of the House of Representatives to its duties, the political arena enters a new phase of dialogues aimed at accomplishing a number of postponed obligations, foremost among them completing the cabinet and resolving the vacant ministries.
Political circles confirm that the next phase will witness momentum in consultations between political forces, in parallel with the government continuing to implement its priorities related to combating corruption and restricting weapons to the state, which will enhance stability and push towards Read more…
An American perspective: Al-Zaydi invokes the “Godfather” to dismantle the deep state in Iraq.
2026-07-07
Shafaq News – Special Translation
An American report likened Iraqi Prime Minister Ali Faleh al-Zaidi’s anti-corruption campaign to what is known as “Michael Corleone’s moment” in the movie “The Godfather,” questioning whether the ongoing measures represent the beginning of dismantling the entire corruption system, or whether they will be limited to eliminating political opponents.
The Quincy Institute, in its report entitled “The Iraqi Prime Minister Embraces His Inner Michael Corleone,” Read more…
MP: No political pressure on al-Zaidi’s campaign; holding those involved accountable must continue.
7-7-2026
The Information Agency / Baghdad –
MP Mohammed Hadi called on Tuesday for support for Prime Minister Ali al-Zaidi’s anti-corruption campaign through the enactment of several laws that strengthen government procedures in prosecuting corrupt individuals, stressing the importance of the Parliament’s oversight role at this stage.
Hadi told the Information Agency that “Prime Minister Ali al-Zaidi’s anti-corruption campaign needs legislative support through the passage of several Read more…
Reuters: India resumes importing Iraqi oil
7-7-2026
Information/Translation:
Indian state-owned oil refineries have resumed purchasing Iraqi crude oil that would have passed through the Strait of Hormuz, in an indication that the world’s third-largest crude oil importer is seeking to bring in supplies from the Middle East after the strait was temporarily reopened.
A Reuters report, translated by Al-Maalomah News Agency, stated that Mangalore Oil Refinery and Petrochemicals Limited (MRPL), a state-owned company that operates a 300,000-barrel-per-day refinery in southern India, has chartered an oil tanker to load Read more…
Finance: The first phase of the program budget includes electricity and two governorates
2026-07-07
Shafaq News – Baghdad
Iraqi Finance Minister Faleh Sari confirmed on Tuesday that the first phase of the program and performance budget will include the electricity sector and the governorates of Diwaniyah and Salah al-Din, with a gradual expansion to include all state institutions over the next three years.
According to a statement from the Ministry of Finance, which was followed by Shafaq News Agency, this came during a meeting held by the Minister with the Parliamentary Finance Committee today, within the framework of early coordination to prepare the next draft budget in cooperation with the House of Representatives and the World Bank. Read more…
The Central Bank of Iraq reduces the dollar quota for travelers to $2,000.
2026-07-07
Shafaq News – Baghdad
An informed source revealed on Tuesday morning that the Central Bank of Iraq has issued new directives to reduce the share of foreign currency (dollars) for travelers to $2,000 instead of $3,000, as part of the approved mechanism to meet travel requests.
The source told Shafaq News Agency that the decision will include Iraqi citizens departing through all airports and border crossings, whether they are heading for tourism, medical treatment, study, performing Hajj and Umrah rituals, as well as business trips. Read more…
Araghchi: US threats are hindering the final agreement with Washington
2026-07-07
Shafaq News – Tehran
Iranian Foreign Minister Abbas Araqchi asserted on Tuesday that negotiations to reach a final agreement between Tehran and Washington will not commence if American threats persist, in response to statements by US President Donald Trump.
Araghchi said in a post on the “X” platform that “negotiations on the final agreement will not begin if the threats continue. Respect your signature,” referring to the interim agreement signed by Iran and the United States last month, which stipulates Read more…
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Tensions with Araqchi and restrictions on Khamenei’s funeral procession… Al-Zaydi is leading Iraq away from Iran
2026-07-07
Shafaq News – Washington/ Mustafa Hashim
Paul Davis, an American academic and researcher in national security affairs, believes that the Iraqi government is sending clear political messages that reflect a gradual shift in its foreign policy, led by Prime Minister Ali Faleh al-Zaidi, with the aim of reducing Iranian influence and opening up more to the United States and Arab countries.
Davis, an assistant professor at the Institute for World Policy in Washington, told Shafaq News that limiting the funeral ceremonies for former Iranian Supreme Leader Ali Khamenei within Iraq Read more…
