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Reuters: Trump is reviewing options today to control oil prices and maintain market stability.
Reuters, citing two sources familiar with the matter, reported that US President Donald Trump is expected to review a range of options today to control oil prices.
The sources explained that the options include “restricting oil exports, intervening in futures markets, and exemption from some federal taxes.”
For her part, the White House spokeswoman confirmed that “we have a strong plan in place to maintain the stability of the energy market.” (LINK)
Political analyst: The Sudanese candidate is the most likely to win a second term after recent political developments.
Political analyst Haider Al-Humaidawi confirmed that Prime Minister Mohammed Shia Al-Sudani’s chances of renewing his term have become the highest at the present stage, in light of the recent political data and internal and external positions related to the file of the next government’s leadership.
Al-Humaidawi said that the political indicators circulating suggest that Al-Sudani has the best chance of leading the government again, especially after the messages that spoke of an American position that was not encouraging for the return of former Prime Minister Nouri Al-Maliki to the position, despite him being one of the most prominent competitors for the premiership.
He added that these developments also coincided with the clarification issued by the head of the Supreme Judicial Council, Faiq Zaidan, regarding the issue of the “largest bloc,” and the constitutional and political discussions it raised about the mechanisms for forming the next government.
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Al-Humaidawi explained that there are other political factors within the coordination framework that enhance Al-Sudani’s chances, noting that some key forces within the coalition have expressed clear reservations about nominating Al-Maliki for the premiership.
He explained that the Sadiqun bloc and the Hikma movement expressed an unenthusiastic stance towards Maliki’s return to the premiership, which, according to his assessment, strengthens the chances of Sudani remaining in office during the next phase.
Al-Humaidawi pointed out that these political indicators make Al-Sudani, in his estimation, the closest candidate to lead the next government by a percentage of up to about 90%, especially in light of the efforts of the Coordination Framework forces to maintain the cohesion of the alliance and avoid entering into an early conflict over the position of Prime Minister.
He concluded by saying that current data suggests that al-Sudani may be “the man of the next phase,” unless new political changes occur that reshuffle the cards within political alliances before the upcoming e*******s. (LINK)
Liquidity crisis hits Iraq’s major state banks
“Security concerns” are driving Iraqis to withdraw their money from state-owned banks.
An informed source reported on Monday that state-owned banks in Iraq, particularly Rafidain Bank and Rasheed Bank, are suffering from a severe liquidity crisis and a shortage of cash, with a clear decline in the funds available within those banks.
The source told Shafaq News Agency that “citizens who have deposited money have been withdrawing their funds from government banks recently as a result of security concerns and developments in the region.”
He added that these concerns stem from escalating regional tensions, particularly the war between the United States and Israel on one side, and Iran on the other, and the potential repercussions this could have on the security and economic situation in Iraq.
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The source indicated that government banks are still suffering from problems resulting from administrative and legal violations in their work, as they have not witnessed serious steps to develop their banking systems in recent years, as they still rely heavily on paper procedures and traditional methods of work, far from adopting electronic systems and modern banking technologies.
According to him, the lack of efficiency and experience in the management of some government banks, especially Al-Rafidain and Al-Rasheed, along with the slow pace of modernization and development, contributed to their work remaining backward, which negatively affected the level of banking services and the citizens’ confidence in the government banking sector.
The source continued, saying that “some branches of government banks are asking customers to wait or come back later to receive their money in full, while some branches are providing part of the required amount and postponing the delivery of the rest.”
This crisis comes amid economic conditions and financial pressures facing the relevant institutions and the government in general, which has directly affected a wide segment of citizens.
On February 28, the United States and Israel launched a series of raids on targets inside Iran, including the capital Tehran, resulting in significant damage and civilian casualties, in addition to the assassination of Iranian Supreme Leader Ali Khamenei and a number of Revolutionary Guard and Army commanders.
Iran responded to the “American-Israeli” attack, resulting in widespread repercussions in the countries of the region, including Iraq, Israel, Jordan, Kuwait, Bahrain, Qatar, the UAE and Saudi Arabia. (LINK)
Source: Dinar Recaps
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