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Wed. AM TNT News Articles from Iraq 4-2-25

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TNT

Tishwash:
Iraq is recovering… an important message from Grand Ayatollah Sistani to the Iraqi people.

Iraq’s highest religious authority, Grand Ayatollah Ali al-Sistani, called on Iraqis on Tuesday to adhere to their national principles and maintain hope for the future.

In a message conveyed by one of his representatives and monitored by the Video News Agency, Ayatollah Sistani said, “The country is moving toward recovery and stability,” calling on everyone to “not fear and to cling to hope for a better future.”

 According to the letter, Ayatollah Sistani emphasized “the importance of Iraqis adhering to authentic customs, values, and principles, as they are the foundation that preserves the unity and identity of society.”

According to the letter, Ayatollah Sistani specifically addressed the Shiite sect, saying, “Shias possess a great cultural heritage, and it is essential that they recognize and preserve it as part of their cultural and historical identity.”  link

One of them is in Iraq…American “BlackRock” acquires ports in the Middle East.

US asset management firm BlackRock and Italian shipping company MSC have acquired 43 ports owned by Hong Kong-based multinational CK Hucheng Holdings in a deal that will give the US asset manager control of 12 ports in the Middle East, located on strategic coasts stretching from the UAE and Oman to Iraq and Egypt. 

In March 2025, a consortium of BlackRock and MSC reached a $22.8 billion deal to acquire 43 ports owned by CK Huzhen, a Hong Kong-listed company owned by one of Asia’s richest men, 96-year-old billionaire Li Ka-shing.

The deal made headlines because it would give BlackRock and MSC control of two ports at each end of the Panama Canal, the strategic waterway that US President Donald Trump has threatened to seize to limit China’s influence in the Western Hemisphere.

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But the agreement’s impact extends beyond Panama to the Middle East, where Arab countries, particularly the Gulf states, are seeking to diversify their economies away from oil. The shipping and ports sectors represent another source of economic diversification for these countries. 

Which ports will BlackRock and MSC acquire in the Middle East?

Under the deal reached between the US-based BlackRock and Italy’s MSC Group, the two companies are set to acquire 12 ports in the Middle East, distributed as follows:

Egypt (5): Alexandria – Dekheila – Abu Qir – Ain Sokhna – and the new B100 berth at Alexandria Port

Emirates (4): Ras Al Khaimah – Ajman – Khasab – UAQ

Sultanate of Oman (1): Sohar

Iraq (1): Basra

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Saudi Arabia (1): Jazan

link

Iraq and the Appeasement Strategy: A Difficult Balance in Times of Pressure

Iraq has recently faced a significant escalation in US economic and financial pressure, primarily targeting dollar transactions and Iranian gas imports, along with repeated demands regarding the future of the Popular Mobilization Forces.

These pressures come as part of Washington’s efforts to isolate Iraq economically from Iran, with the aim of strengthening the effectiveness of sanctions imposed on Tehran to force it to reassess its nuclear program.

However, this policy presents Iraq with complex challenges as it attempts to maintain a delicate balance in its foreign relations.

Recent reports indicate that the United States has refused to renew the waivers that allowed Iraq to import gas and electricity from Iran. This was confirmed by Iraqi Foreign Minister Fuad Hussein on March 19, 2025, who noted that Washington described the decision as “irreversible.”

This decision threatens to exacerbate the energy crisis in Iraq, which relies heavily on Iranian gas to power its power plants. Imported gas accounts for approximately 40% of the country’s total energy needs, according to estimates from the Iraqi Parliament’s Oil and Gas Committee.

On the financial front, the United States is seeking to restrict dollar transactions in Iraq to prevent its smuggling to Iran, which is suffering from massive economic pressures due to sanctions. According to a report, Washington believes that cutting off these financial arteries will directly weaken Tehran, thus strengthening the impact of the sanctions.

But this approach places the Iraqi government in a difficult position, as Iraq holds financial reserves exceeding $100 billion in the United States, making it dependent on Washington’s goodwill to access its oil revenues.

Separately, statements by the Iranian ambassador to Baghdad, Mohammed Kazem Al-Sadiq, on March 27, 2025, sparked widespread controversy when he said that US President Donald Trump’s letter to Iranian Supreme Leader Ali Khamenei included a request to dissolve the Popular Mobilization Forces and other armed factions.

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However, Iraqi Prime Minister Mohammed Shia al-Sudani quickly denied any direct US request in this regard, stressing that any decision to dissolve the factions is linked to the end of the international coalition’s presence in Iraq.

For his part, MP Alaa Al-Haidari defended the Popular Mobilization Forces Law, considering it an internal matter aimed at honoring those who s--------d for the nation.

The Iraqi government is adopting a strategy of appeasement in its foreign policy, attempting to maintain a balance between the United States and Iran, two of its historical allies. However, this approach faces increasing challenges, especially with mounting US pressure to end economic and military coordination with Tehran. Analysts believe that Washington also aims to “undermine the unity of the arenas,” the strategy Iran uses to connect its fronts in Iraq, Syria, Lebanon, and Yemen.

Economically, Iraq is paying the price for its heavy reliance on Iran for energy. Iraqi lawmakers have called for exploring alternatives, such as Qatar and Turkey, for gas imports. However, this step requires huge investments and a long time frame, both of which may be unavailable given the current crisis. Conversely, experts believe that economic decoupling between Baghdad and Tehran could increase pressure on Iran, but it could also cause internal unrest in Iraq, especially if the electricity crisis worsens. link

Source: Dinar Recaps

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