Iraq Economic News And Points To Ponder Tuesday Evening  6-3-25

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Coordination Framework Calls For Resolving Disputes Between The Center And The Region By Enacting An Oil And Gas Law

Political | 09:12 – 03/06/2025   Mawazine News – Baghdad –  The Coordination Framework stressed, on Tuesday, the necessity of enacting an oil and gas law to resolve the outstanding issues between Baghdad and Erbil, while warning against the use of political money to influence public opinion in the elections.

A statement by the Coordination Framework received by Mawazine News stated that it “held its regular meeting at Ammar al-Hakim’s office, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss the latest developments in the political, service, and electoral situations.”

Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for “dealing with every national issue in accordance with the constitution and governing laws,” stressing “the federal government’s commitment to the rights of all its citizens and its serious efforts to remove all obstacles.

” The Coordination Framework stressed “the necessity for the House of Representatives to enact an oil and gas law,” considering it “the essence of the solution to the outstanding issues between Baghdad and Erbil.”

Regarding the elections, the Coordination Framework renewed its “emphasis on holding the elections on the scheduled date,” calling on the Iraqi people to “update biometric voter cards and participate widely, effectively, and consciously in the elections.”

The Coordination Framework also warned against “the use of political money to influence public opinion.” The Coordination Framework calls for resolving disputes between the central government and the region through enacting an oil and gas law

Mawazine News – Baghdad

The Coordination Framework stressed on Tuesday the need to enact an oil and gas law to resolve outstanding issues between Baghdad and Erbil, while warning against the use of political money to influence public opinion in the elections.

A statement by the Coordination Framework received by Mawazine News stated that it “held its regular meeting in Ammar al-Hakim’s office, in the presence of Prime Minister Mohammed Shia al-Sudani, to discuss developments in the political, service, and electoral situations.”

Regarding developments with the Kurdistan Region of Iraq, the Coordination Framework, according to the statement, called for “dealing with every national issue in accordance with the constitution and governing laws,” stressing “the federal government’s commitment to the rights of all its citizens and its serious efforts to remove all obstacles.”

The Coordination Framework stressed “the need for the House of Representatives to enact an oil and gas law,” considering it “the essence of the solution to the outstanding issues between Baghdad and Erbil.”

Regarding the electoral issue, the Coordination Framework reiterated its “emphasis on holding the elections on the scheduled date,” calling on the Iraqi people to “update biometric voter cards and participate broadly, actively, and consciously in the elections.” The Coordination Framework also warned against “the use of political money to influence public opinion.”   https://www.mawazin.net/Details.aspx?jimare=262125

Oil Continues To Rise

Time: 2025/06/03 Read: 2,055 times  {Economic: Al Furat News} Oil prices rose for a second day, as the dollar’s decline boosted the appeal of US-denominated commodities, while geopolitical tensions limit the prospects for increased supplies from Russia and Iran.

Brent crude traded near $65 a barrel after jumping 2.9% on Monday, while US West Texas Intermediate crude held steady at around $63.

The Bloomberg Dollar Index hit its lowest level since 2023, as Wall Street banks reiterated their expectations of a further decline in the value of the US currency.  LINK

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