Lack of alternatives and existing risks: Iraq faces the Hormuz crisis.
2026-06-22
Shafaq News – Baghdad
Warnings from economic experts in Iraq converge on the fact that any prolonged disruption in the Strait of Hormuz represents not just a passing transport or shipping crisis, but a direct threat to one of the most oil-dependent economies in the region, at a time when the country still depends on crude oil to secure about 90% of its public revenues, while the majority of its oil exports and commercial imports pass through the Gulf.
These warnings come amid uncertainty in global energy markets following repeated threats to close the Strait Read more…
British Prime Minister Keir Starmer resigns
2026-06-22
Shafaq News – London
British Prime Minister Keir Starmer announced on Monday his resignation as head of government and leader of the Labour Party, confirming that he had informed King Charles III of his decision during a phone call that took place that morning.
Starmer said he had asked the Labour Party’s National Executive to set a timetable for choosing a new party leader, with nominations opening on July 9 and the election process to be Read more…
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“The Al-Jumaili Case”: Seized funds rise to $10 million and 31 billion dinars
2026-06-22
Shafaq News – Baghdad
On Monday, an investigating judge at the Central Anti-Corruption Criminal Court revealed that investigations are continuing into the case of the detained Undersecretary of the Ministry of Oil for Liquidation Affairs, Adnan al-Jumaili, and the parties involved with him.
The judge in charge said in a statement received by Shafaq News Agency that, as a result of the careful follow-up to seize the financial proceeds resulting from the waste in the projects implemented by the accused and the parties to the case, the total amount of money seized has increased to reach 10 million US dollars and 31 billion Iraqi dinars. Read more…
Iraqi Dinar Guru opinions 6-21-2026
6-21-2026 Newshound Guru Jeff They can’t tell you if they plan to increase [the dinar exchange rate]. They’ve already revealed to us the new prim minister is going to Washington with 100 businessmen to prepare for the implementation of the strategic framework agreement between Iraq and the United States. That requires Iraq to have a tradable currency. You don’t take 100 businessmen to discuss implementing business with the United States at a currency value of 1310 under US sanctions. You don’t do that. Iraq needs to go there with a convertible tradable currency that has real regional value to it. Read more…
Due to Trump’s threats, the Iranian delegation suspends the Swiss negotiations, and Qalibaf warns: Our forces are ready to respond.
2026-06-21
Shafaq News – Tehran
Iranian media reported on Sunday evening that the Iranian delegation had suspended negotiations with the American side in Switzerland in protest against threats made by US President Donald Trump against Tehran.
The Fars news agency quoted an informed source as saying that “Trump’s threat halted the Swiss negotiations and cast uncertainty on their continuation.”
For his part, the head of the negotiating delegation, Mohammad Baqer Qalibaf, wrote in a post Read more…
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“Price bubble”: Speculation and central bank changes put pressure on the dollar exchange rate in the Iraqi market.
2026-06-21
Shafaq News – Baghdad
Financial expert Walid Eidi confirmed on Sunday that the rise in the dollar exchange rate in local markets during the current period is mainly due to speculation and the prevailing uncertainty in the market, along with the psychological factor of the change in the management of the Central Bank, despite the continued stability of the official exchange rate.
Eidi told Shafaq News Agency that the continuous official statements regarding the stability of the exchange rate Read more…
The Republic of Lost Billions: From 170 Billion Dinars in Dispute to Two Billion Dollars, Al-Halbousi’s Gift to Erdogan
6-21-2026
Information / Exclusive…
In a country whose oil revenues have exceeded hundreds of billions of dollars over the past two decades, Iraqis are still asking: Where did the money go? And why do basic services continue to deteriorate despite the enormous size of government spending?
Controversial issues keep surfacing. The Ministry of Oil previously confirmed, during the Al-Sudani government, that it had sent 170 billion Iraqi dinars to the Ministry of Finance, while the latter denies receiving the funds. This raises serious questions about Read more…
Al-Hamami calls for opening the “black file” in local governments
6-21-2026
The former MP, Arif al-Hamami, called on Sunday for opening what he termed the “black file” on local governments, noting that the extent of public funds being wasted has become alarming. In an interview with Al-Maalomah, al- Hamami explained that “combating corruption is a fundamental step to restoring citizens’ trust in the government and its institutions,” emphasizing that “corruption has led to the plundering and embezzlement of enormous sums of money over many years.”
He added that “the absence of genuine national will to confront corruption will have extremely serious consequences,” calling for “opening the black file by addressing all corruption cases in local Read more…
Al-Zidi oversees the handover ceremony for the Central Bank and appoints Al-Alaq as an “advisor”.
2026-06-21
Shafaq News – Baghdad
On Sunday, Prime Minister Ali Faleh al-Zaidi oversaw the handover ceremony between the new Central Bank Governor, Nizar Nasser Hussein, and the former governor, Ali Mohsen al-Alaq .
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency that “Al-Zidi stressed the importance of proceeding with banking reform programs, which contribute to achieving financial stability and provide a suitable economic and investment Read more…
The Deputy Minister of Oil for Extraction Affairs: Increasing exports is a top priority for this stage.
2026-06-21
Shafaq News – Baghdad
The Undersecretary of the Ministry of Oil for Extraction Affairs, Nasir Aziz, confirmed on Sunday that restoring production from the southern oil fields to pre-Gulf crisis levels and increasing crude exports are the top priorities for the next phase.
Aziz said in a statement issued after assuming his new duties that the ministry is working to oversee plans to rehabilitate and develop the southern fields that witnessed a reduction in production Read more…
No handshakes, no commemorative photos… Iran enters the Geneva negotiations with the Hormuz card
2026-06-21
Shafaq News – Geneva
Iran began its talks with the United States in Switzerland on Sunday by refusing to shake hands with members of the American delegation or take a joint photo with them, while maintaining its position on the Strait of Hormuz and linking its reopening to a halt to Israeli attacks in Lebanon.
The Iranian news agency Tasnim quoted a source close to the Iranian negotiating team as saying that the American delegation and the organizers of the negotiations had prepared to arrange a handshake Read more…
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Parliamentary Rights Committee warns of the repercussions of delaying the appointment of ministers of defense and interior on Iraq’s security.
6-21-2026
Information/Special..
MP Mohammed Al-Hasnawi, from the parliamentary Rights Bloc, warned today, Sunday, of a great danger threatening Iraq’s security and sovereignty as a result of postponing the vote on the Ministries of Defense and Interior until political understandings are completed, criticizing the government’s inability to complete the cabinet.
Al-Hasnawi told Al-Maalouma that “the current data and security challenges facing Iraq and the region require that the Interior and Defense ministries be at the forefront of the ministries that are voted on Read more…
State of Law: The next parliamentary session is expected to finalize the cabinet formation.
6-21-2026
Information / Baghdad…
Imran Karkoush, a member of the State of Law Coalition, confirmed on Sunday that political forces are awaiting the next parliamentary session to complete the cabinet and fill the remaining vacant ministerial positions.
Karkoush told the Information Agency, “The upcoming parliamentary session presents a crucial opportunity to finalize the cabinet, as it is one of the most pressing government priorities at this stage.”
He added, “There is a government obligation that must be resolved during the first session, Read more…
Al-Badri: Iraq’s economic needs do not mean subservience to American will.
6-21-2026
Information/Baghdad…
Political analyst Saeed al-Badri believes that Iraq’s need to improve its economic situation and its dependence on Washington in this area does not mean Iraq is subservient to American decisions.
Al-Badri told Al-Maalouma, “Despite Iraq’s desire for good relations with everyone, including the United States, given its economic decline and dependence on Washington, this does not mean that Iraq is subservient to the American administration at all.”
He added, “Iraq needs to reclaim its economic and political decision-making power and liberate its finances Read more…
The cabinet formation is on the verge of being finalized; political agreements pave the way for the completion of the government.
6-21-2026
Information / Report…
Political activity is intensifying recently to finalize the cabinet and fill the remaining vacant ministerial posts. This comes amidst growing calls from parliamentarians and political figures to resolve this issue, which is considered one of the most significant challenges facing the government. This is especially crucial given the approaching important political and legislative deadlines and the increasing need for a fully empowered government capable of managing Read more…
One of them is a member of parliament… Two farms belonging to leaders in Al-Halbousi’s party were raided and large sums of money were seized.
6-21-2026
Al-Maalomah/Anbar –
A security source in Anbar province confirmed on Sunday that a security force from Baghdad unexpectedly raided two farms belonging to two prominent figures, one of whom is a member of parliament.
The source told Al-Maalomah News Agency that “a security force from Baghdad raided the farm of MP and leading member of the Progress Party, Samia Ghallab, following intelligence reports indicating that relatives of the director of the Central Electricity Distribution Company, Alaa Samir al-Dulaimi, a leading member of the Progress Party currently detained in Baghdad, were hiding sums of money on Read more…
Kurdistan Interior Minister: Al-Zaidi is very serious about oil and we support him.
2026-06-21
Shafaq News – Erbil
The Interior Minister of the Kurdistan Region, Reber Ahmed, confirmed on Saturday that the Federal Prime Minister, Ali al-Zaidi, is “very serious” about the issue of the work of oil companies, noting that the region will provide its support in this matter in coordination with the federal government.
Ahmed told reporters, including a correspondent from Shafaq News Agency, that “the federal government and oil companies are studying the necessary defense systems to protect the companies Read more…
“Green Iraq”: 4,800 square kilometers are contaminated with mines, and the country needs 15 years to get rid of them.
2026-06-21
Shafaq News – Baghdad
The “Green Iraq” environmental observatory revealed on Sunday that about 4,800 square kilometers of the country’s land are contaminated with mines and war remnants, stressing that this vast area puts Iraq at the forefront of the world’s countries most contaminated with these dangerous projectiles.
The observatory explained in a report seen by Shafaq News Agency that the crisis has been rooted since the first Gulf War, which lasted eight years without a real solution, followed by the Read more…
Nechirvan Barzani: We view the Zaidi government with optimism… and we support ending the US-Iranian conflict diplomatically.
2026-06-21
Shafaq News – Sulaymaniyah
Kurdistan Region President Nechirvan Barzani expressed his optimism on Sunday regarding the federal government headed by Ali al-Zaidi, stressing his desire for joint action to achieve sustainable security and advance reconstruction efforts. While reiterating his support for the diplomatic path to end the conflict between Washington and Tehran, he emphasized that Iraq and the region will not be part of any regional conflict.
This came in a speech delivered by President Nechirvan Barzani during Read more…
The dollar rises and the Iranian toman falls in Kurdistan; an expert explains the reasons.
2026-06-21
Sulaimaniyah – Shafaq News
The currency exchange markets in the Kurdistan Region witnessed a rise in the exchange rate of the US dollar against the Iraqi dinar on Sunday, while the Iranian toman continued its decline against the US currency.
According to market indicators, the exchange rate for 100 US dollars reached approximately 155,750 Iraqi dinars, while the price of 100 dollars reached 12,550,000 Iranian tomans.
Other foreign currencies also recorded varying exchange rates, with 100 euros reaching about Read more…
