The Dollar Is Approaching 200,000 Tomans After Trump’s Decision.
Money and Business Economy News – Follow-up The price of the US dollar in the Iranian free market approached the 200,000 toman mark on Monday, in one of the sharpest waves of decline for the Iranian currency, amid growing concern over escalating tensions in the Strait of Hormuz after US President Donald Trump announced a new move regarding ships stranded there. Data from exchange rate monitoring platforms showed that the dollar’s selling price reached about 190,900 tomans, with a clear upward trend, which reinforced traders’ expectations that it could reach the 200,000 toman level if political and security pressures continue.
This increase coincides with Trump’s announcement that the United States will begin, on Monday morning, assisting ships stranded in the Strait of Hormuz and guiding them out of the waterway.
Trump dubbed the operation “Project Freedom,” warning that any interference or obstruction would be met with force, while the US Central Command confirmed its participation in the efforts.
In response, Iran warned US forces against entering the strait, asserting that it would retaliate against any foreign military action it deemed a threat. https://www.economy-news.net/content.php?id=68657
First Deputy Speaker Of Parliament: Oil And Gas Law And Popular Mobilization Forces Law Are At The Top Of The Agenda For Mps And Relevant Committees
Baghdad – One News 5/03/2026 The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, confirmed on Saturday that there is movement within Parliament to proceed with the legislation of a number of important and delayed laws, most notablythe Oil and Gas Law(HCL) and the Popular Mobilization Forces Law.
Faihan said, “There are many important laws, some of which are very delayed, such as the oil and gas law, the Popular Mobilization Forces law in its first and second parts, and the Federal Civil Service law, which are among the priorities of the House of Representatives.”……..
He added that “there is a movement to read and discuss important laws, which represent a priority for the work of the House of Representatives and the political forces, to work on legislating these laws in Parliament.”
Iraq’s Imports Of Brazilian Poultry Declined During 2025 Despite Stable Global Exports
Money and Business Economy News – Follow-up Brazil’s poultry meat exports remained almost completely stable during 2025, with notable changes in the map of major importers, the most prominent of which was the clear decrease in imports from Iraq.
According to data from the Brazilian Animal Protein Association report, the UAE maintained its leading position in the whole chicken import market with 230,000 tons during 2025, achieving a growth rate of 5.8%, followed by Saudi Arabia, then Kuwait, Yemen and Qatar.
The association added in its report on Brazilian poultry exports for 2025 that Iraq came in ninth place, after its imports declined from 49.9 thousand tons in 2024 to 34.5 thousand tons in 2025, a significant decrease of 30.8%, making it one of the markets with the most significant declines on the list.
She noted that Japan topped the list in the chicken parts category, despite recording a slight decrease, followed by South Africa, Saudi Arabia and the Philippines, while China witnessed a sharp decline exceeding 55%, and Iraq did not appear among the top ten importers in this category, reflecting its limited presence in this sector specifically.
At the level of total chicken exports (whole and pieces), the UAE continued to lead with an import volume of about 480,000 tons, followed by Japan, then Saudi Arabia, South Africa and the Philippines, while Iraq came in eleventh place globally, as its imports decreased from 179,800 tons in 2024 to 138,900 tons in 2025, recording a decline of 22.7%.
The association explained that Brazil’s total poultry meat exports reached 5.16 million tons during 2025, a very slight increase of 0.11% compared to 2024, indicating general stability in the global market, despite the large disparity between importing countries.
Iraq’s decline is one of the most prominent indicators in the report, whether in whole or total chicken, which may reflect shifts in the local market or a change in import sources during the recent period.
Iraqi Trial Cement Shipments Enter Syria Via Key Border Crossings
2026-05-03 Shafaq News- Baghdad/ Damascus Iraqi cement exports to Syria have begun on a trial basis, with shipments entering gradually to test procedures and ensure smooth operations at border crossings.
Musheer al-Ramah, head of the media office for Syria’s border crossings and customs authority, indicated that shipment volumes are expected to increase progressively based on evaluations during the initial operational phase, with the aim of improving transport and supply efficiency.
He noted that coordination is being carried out through direct communication channels between Syrian and Iraqi authorities, including the exchange of pre-shipment lists, precise scheduling of crossings, and efforts to unify customs and technical procedures to accelerate processing and strengthen oversight.
Shipments are primarily entering through the al-Tanf–al-Waleed crossing, with cement also beginning to arrive via the al-Yarubiyah–Rabia crossing, as part of a plan to distribute trade flows across multiple cross points to ease pressure and enhance flexibility.
Al-Ramah indicated that increased cement imports are expected to boost local supply, reduce price volatility, and support the construction sector and related industries.
Oil Prices Hold Above $100 Despite Trump’s Hormuz Escort Plan
2026-05-04 Shafaq News Oil prices eased on Monday after President Donald Trump said the United States would begin an effort to assist ships stranded in the Strait of Hormuz, but the lack of a U.S.-Iran peace deal kept the market supported above $100.
Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday. U.S. West Texas Intermediate was at $101.50 a barrel, down 44 cents, or 0.4%, following a $3.13 loss on Friday.
“The broader market remains tightly supported by persistent supply disruptions and geopolitical uncertainty,” said Priyanka Sachdeva, analyst at Phillip Nova.
“Unless there is a clear and sustained resolution that restores normal flows through the Strait of Hormuz, oil prices are likely to remain elevated, with risks still tilted toward further upside.”
Trump said on Sunday that the U.S. will guide ships safely out of the Strait of Hormuz, but oil prices stayed above $100 a barrel, with no peace deal in sight and shipping through the strategic waterway still constrained.
Negotiations between the U.S. and Iran continued over the weekend with the countries assessing responses from each other.
Trump has made securing a nuclear deal with Tehran a priority, but Iran wants to defer nuclear talks until after the war and first lift rival blockades on Gulf shipping.
On Sunday, the Organization of the Petroleum Exporting Countries and their allies, or OPEC+, said they will raise oil output targets by 188,000 barrels per day in June for seven members, the third consecutive monthly rise.
The increase is the same as that agreed for May minus the share of the United Arab Emirates, which left OPEC on May 1. However, the higher volume will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz.(Reuters)https://shafaq.com/en/Economy/Oil-prices-hold-above-100-despite-Trump-s-Hormuz-escort-plan
Iraq’s Total Revenues Drop 13% In Early 2026
2026-05-04 Shafaq News- Baghdad Iraq’s public finances posted a decline in early 2026, with revenues falling to just over 15.7 trillion dinars ($12B) in January and February, the Ministry of Finance showed on Monday.
Total revenues stood at 15.708 trillion dinars ($12B), down 13% from 17.427 trillion dinars ($13.3B) recorded during the same period in 2025.
Oil remained the backbone of state income, generating 13.127 trillion dinars ($10B) and accounting for 84% of total revenues. Non-oil sources contributed 2.581 trillion dinars ($2B).
The data also indicated that non-oil revenues transferred from the Kurdistan Region to the federal treasury amounted to 120 billion dinars ($91.6M) over the two-month period.
On the expenditure side, total current spending stood at 16.978 trillion dinars ($13.0B). Public sector salaries absorbed 10 trillion dinars ($7.6B), while pensions totaled 3 trillion dinars ($2.3B). Social welfare payments amounted to 912 billion dinars ($696M).
