By more than 5%… Iraqi crude prices plummet as global oil prices decline
2026-06-23
Shafaq News – Baghdad
Iraqi oil prices recorded a significant decline in conjunction with the drop in global crude prices, as Basra Heavy crude fell by more than 5%, while Brent and West Texas Intermediate crude futures declined during today’s trading.
Market data showed that Basra Heavy crude fell to $47.73 a barrel, down $2.75 or 5.45%, while Basra Medium crude dropped to $49.83 a barrel, a loss of Read more…
The Iraqi parliament will resume its work at the beginning of July, with the cabinet reshuffle on the agenda.
2026-06-23
Shafaq News – Baghdad
On Tuesday, MP Duha al-Sadkhan, from the “National Approach” bloc, revealed the date for the start of the second legislative session of the House of Representatives, confirming that the parliament’s leadership will determine during the month of July a date for the resumption of sessions, including a session to complete the vote on the ministerial cabinet.
Al-Sadkhan told Shafaq News Agency that the House of Representatives’ legislative recess will end next week, with the second legislative session scheduled to begin on July 1st. Read more…
Behind the walls of ports and border crossings: Will the rotation movement succeed in breaking the stranglehold of smuggling and corruption?
2026-06-23 03:52
Sadiq Al-Azraqi
The issue of border crossings in Iraq is a complex and sensitive one. The delay in implementing job rotation procedures (the periodic transfer of employees and officers) is due to the entanglement of interests and influence. Border crossings have always been areas of influence for political parties and armed groups that impose their control over the movement of goods and smuggling, making it difficult to make comprehensive rotation decisions without facing political pressure or direct obstruction of this decision.
The General Authority of Customs in Iraq says that it has completed the process of transferring, dismissing and rotating the directors of customs centers and their deputies, which came under the directives of Prime Minister Ali al-Zubaidi, including rotating all Read more…
Iran and Oman reaffirm their commitment to keeping the Strait of Hormuz open.
2026-06-23
Shafaq News – Muscat
Iran and Oman affirmed on Tuesday their commitment to maintaining the security of the Strait of Hormuz and ensuring the smooth flow of navigation through it, while emphasizing respect for the sovereignty of both countries in all arrangements related to the strait.
The Omani News Agency reported that Muscat and Tehran, during joint official talks, stressed the need to keep the Strait of Hormuz safe and open to ship traffic, in order to ensure Read more…
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Iraqi Electricity Ministry grants broad powers to general managers and branch managers to address peak summer demand
2026-06-23
Shafaq News – Baghdad
The Iraqi Ministry of Electricity issued an extensive ministerial order that included granting exceptional financial and technical powers to the general managers and branch managers in the governorates, with the aim of addressing bottlenecks in the transmission and distribution networks and maintaining production stations during the current summer.
According to the document issued by the Ministry’s Administrative Department, which was obtained by Shafaq News Agency, the decisions were based on Cabinet Resolutions No. (90) of 2009 and No. (286) of 2026, and with the approval of the Minister of Electricity to ensure the stability of the national grid.
Branch managers’ powers and the sacred exception: Read more…
Following a US decision, Baghdad announces the dismissal of a lawsuit against Iraqi companies, avoiding the payment of $53 million.
2026-06-23
Shafaq News – Baghdad
The Iraqi Ministry of Justice announced on Tuesday that it had dismissed a lawsuit filed by the US Supreme Court against companies affiliated with the Ministry of Industry and Minerals, saving the country from paying $53 million.
The ministry confirmed, in a statement received by Shafaq News Agency, that a final and binding ruling was issued by the US Federal Supreme Court dismissing the lawsuit filed by a Jordanian company against a number of companies affiliated with the Ministry of Industry and Minerals, which included Read more…
Beware, Al-Zaydi government and its central bank, of manipulating the dinar’s exchange rate.
2026-06-23 05:03
Dr. Shwan Zangana
Iraq is suffering from a significant decline in its oil and non-oil revenues due to the decline in oil prices and the economic recession that has put pressure on non-oil revenues. The revenue crisis has worsened since the beginning of this year and the region’s entry into a heated conflict, especially after the closure of the Strait of Hormuz and the drop in oil exports to their lowest levels.
The previous Sudanese government designed the general budget based on an approximate annual deficit of 24 trillion Iraqi dinars. When Al-Zidi took over the premiership, he found this large deficit in his lap, and he had to deal with it through fiscal and monetary policy tools. It seems that many tools were proposed, but the most dangerous of them for the Iraqi economy is manipulating the exchange rate, especially since Read more…
Iraqi Dinar Guru opinions 6-22-2026
6-22-2026 Intel Guru Reset Intelligence Iraq put its central bank in the hands of the man who used to police its dirty money…Prime Minister Ali al-Zaidi presided over the formal handover at the Central Bank of Iraq. The new governor spent his career inside the anti-money-laundering office. Two days earlier, the Financial Action Task Force adopted a 9-point action plan with Iraq, a written list of fixes on a deadline, from a rule book for crypto firms to tracing every account to a real owner…Getting off the list is the way back into the dollar, and Iraq just stepped onto that path. Read more…
The Central Bank Governor assumes his duties and reviews the bank’s operations.
2026/06/22
The new Governor of the Central Bank of Iraq, Nizar Nasser, began his official duties today, Monday, accompanied by the former Governor, Ali Mohsen Al-Alaq, while he conducted a field tour of the various offices and departments of the bank to review the progress of work.
The Central Bank’s media office stated in a statement received by Al-Furat News that “Nizar Nasser was accompanied during the tour by former governor Ali Mohsen Al-Alaq, where they were briefed on the nature of the tasks and Read more…
Satanic contracts in the Ministry of Industry… How did the Sudanese government mortgage the wealth of future generations?
6-22-2026
Information / Special..
Yasser Al-Husseini, the former Vice Chairman of the Parliamentary Committee on Economy, Industry and Trade, revealed on Monday suspicions of massive financial and strategic waste in joint operating contracts in the Ministry of Industry and Minerals, describing them as “contracts of submission” that aimed to control the wealth of future generations.
Al-Husseini told Al-Maalouma that “observations and doubts surround the joint operating contracts within the corridors of the Ministry of Industry, specifically those related to the General Company for Al-Mishraq Sulfur and the General Company for Phosphates.” Read more…
Oil prices fell amid expectations of increased Iranian and Iraqi supplies.
6-22-2026
Information / Follow-up
Global oil prices fell on Monday following the conclusion of the first round of high-level talks between the United States and Iran in Switzerland, amid signs of progress in understandings related to the energy sector and Iranian oil exports, coinciding with Iraq’s announcement of plans to increase its crude production. Read more…
Al-Asadi: The continuation of acting ministers hinders the completion of the government cabinet.
6-22-2026
Information/Baghdad…
Haider al-Asadi, a member of the Azm Alliance, stressed on Monday the importance of expediting the completion of the remaining ministerial cabinet, noting that some blocs have a desire to change the proposed names in order to accelerate the resolution of ministerial portfolios.
Al-Asadi told Al-Maalouma that “there is an urgent need to expedite the completion of the government formation process and finalize the selection of candidates for the nine remaining Read more…
Al-Shar’a rules out an American withdrawal: “They will leave through the door and return through the window.”
6-22-2026
Information/Baghdad…
Political analyst Atheer Al-Sharaa ruled out on Monday the withdrawal of US forces from Iraq next September, noting that the US forces will leave through the door and return through the window, in light of the developments in the region and the New Middle East project.
Al-Shara’ told Al-Maalouma, “There is an agreement signed for the American military withdrawal from Iraq next September, but this withdrawal means the end of the American project in Iraq.”
He added that “the United States does not want to get away from Iraq, as withdrawing its forces Read more…
Continued US presence: Washington draws up a new map and prepares its dictates for the next phase in Iraq.
6-22-2026
The situation appears more complex than what is being discussed in political circles, as evidence suggests a continued American presence in Iraq, particularly on the military front, amidst ongoing regional developments that have negatively impacted Iraq. The withdrawal of US forces in September is now considered unlikely, especially given the escalating warnings surrounding Prime Minister Ali Abdullah Saleh’s visit to Washington and the potential imposition of dictates by the US administration to serve its interests in Iraq. These dictates aim to ensure the implementation of US objectives related to the Popular Mobilization Forces (PMF), foreign relations, and economic matters, which the US considers Read more…
Deputy Prime Ministers excluded from consideration… Al-Fayez clarifies priorities for the next phase
6-22-2026
The head of the Tasmeem parliamentary bloc, MP Amer al-Fayez, confirmed on Monday that completing the cabinet and discussing several important laws carried over from the previous session are among the priorities of the upcoming legislative term. He also ruled out the possibility of appointing deputy prime ministers.
Al-Fayez told Al-Maalomah News Agency that “the recent meeting of the leaders of the Coordination Framework forces definitively resolved the issue of completing the cabinet,” indicating that “next week will see the scheduling of an extraordinary session to vote Read more…
Al-Hamami sets date for vote on pending ministerial portfolios
6-22-2026
Information/Baghdad…
Former MP Arif al-Hamami confirmed on Monday that the formation of Ali al-Zaidi’s cabinet will undoubtedly be completed during the month of July.
Speaking to Al-Maalouma, al-Hamami said, “The number of ministerial portfolios that the Iraqi Parliament did not vote on during the session to approve Ali al-Zaidi’s government reached nine, including key sovereign ministries such as Defense, Interior, and Planning.”
He explained that “all indicators point to a political agreement to finalize Read more…
Khalil: The framework supports Al-Zaydi’s changes in sensitive positions.
6-22-2026
Information / Baghdad…
Former MP Mahma Khalil confirmed on Monday that the changes made by Prime Minister Ali al-Zaidi in a number of sensitive and important government positions come within the framework of efforts to combat corruption and reform state institutions.
Khalil told Al-Maalouma, “The recent measures and changes taken by the Prime Minister in some government positions reflect a serious intention to address corruption cases and reduce Read more…
Corruption in Iraq: Shocking figures and losses exceeding trillions
6-22-2026
Information/Report…
The Iraqi people were shocked by the sheer volume of money uncovered following the arrest of several corrupt officials, including Deputy Oil Minister Adnan al-Jumaili, who was implicated in corruption and the squandering of public funds. This has prompted questions from the Iraqi public about the seriousness of the new Iraqi Prime Minister, Ali al-Zaidi’s, efforts in combating corruption. During his first term as Prime Minister, al-Zaidi focused on removing a number of corrupt officials, considered “small fish,” who had amassed astronomical sums of money. Read more…
Switzerland talks: Iran announces “significant progress” on Lebanon, oil, and assets
2026-06-22
Shafaq News – Tehran/Geneva
Iranian Foreign Minister Abbas Araqchi confirmed on Monday that the ongoing mediation efforts of Pakistan and Qatar have contributed to achieving “significant progress” towards ending the war in Lebanon, pointing to developments he described as important in the course of the ongoing understandings.
Araghchi said in a post that “the first real test is the de-friction cell in Lebanon,” adding that the talks also included economic files Read more…
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Shipping through the Strait of Hormuz has slowed considerably, with Iraqi oil tankers among the vessels passing through.
2026-06-22
Shafaq News – Follow-up
Shipping through the Strait of Hormuz slowed sharply on Monday after Iran announced it was closing the waterway again, while shipping data showed Iraqi oil tankers were among the vessels that left the strait before the new restrictions were tightened.
According to data from Kpler, only five ships have crossed the strait since Read more…
