GINGER: I've been told that the last 58 of these trigger platforms are currently in "finishing mode"

 

FRANK26: "THAT'S YOUR PROBLEM"

 KTFA

FRANK26: "THAT'S YOUR PROBLEM".........F26

Iranian President Vows Strong Response to Israeli Strikes

 

6/13/2025

 

ERBIL — 

Iranian President Masoud Pezeshkian issued his first public response on Friday to the early-morning Israeli airstrikes that targeted key locations in Tehran, including the Islamic Revolutionary Guard Corps (IRGC) headquarters.

In a nationally televised address, President Pezeshkian condemned the attacks and vowed retaliation. “We will respond to Israel in a way that makes it regret its foolish actions,” he stated firmly.

The Israeli strikes, which hit multiple sites across the Iranian capital, resulted in the deaths of several high-ranking Iranian officials, including members of the IRGC. The situation has heightened tensions in an already volatile region.

Despite the gravity of the attacks, President Pezeshkian assured the public that Iran would withstand the crisis and emerge stronger. “The country will emerge from this crisis with its head held high,” he declared, calling for unity and resilience in the face of aggression.

LINK

Dinar exchange rates: after the strikes!

 Dinar exchange rates: after the strikes!

Amid recent geopolitical tensions following strikes against Iran, the Iraqi dinar is experiencing sharp volatility in the parallel market. Exchange rates have risen significantly, with some reports indicating rates around 150,000 IQD per 100 USD. This reflects growing economic uncertainty and highlights the impact of regional instability on Iraq’s currency.

There are rising concerns about potential political influence by Iran within Iraq, which could further destabilize the country and the region.

 At the same time, Brent crude oil prices are increasing, signaling broader market anxiety about potential supply disruptions and energy-related economic shifts.

Given these conditions, caution is advised when considering investments tied to the dinar. Parallel market discrepancies and broader regional pressures suggest the need for a measured approach.

In light of this uncertainty, an alternative income opportunity is also being highlighted—focusing on simple digital asset transactions that require minimal effort, no recruitment, and offer a low-risk way to earn, independent of unstable financial markets.

Chase Bank’s is showing fixed exchange rates of $40 per IQD and $2.51 per VND #iqd #iraq

 

Oil rises, the dinar falls, and Baghdad faces the ramifications of Israeli-Iranian missiles.

  Oil rises, the dinar falls, and Baghdad faces the ramifications of Israeli-Iranian missiles.

 Although it is outside the immediate circle of conflict, Iraq appears to be in the eye of the storm. Its geographical location, its near-total dependence on oil, and the peg of its economy to the dollar exchange rate make it vulnerable to every geopolitical shock in the region. While Israel and Iran exchange airstrikes and inflammatory statements, the Iraqi market translates these fires into tangible crises: rising food prices, a volatile dollar, and fears of a slowdown in the flow of goods through ports and borders.

As Israeli airstrikes on Iran escalated, the Iraqi dinar began to slide. This decline is not merely a technical result of changes in the currency markets; it is an expression of general panic and deep concern about political and security repercussions that Iraq may not be able to contain. Dealing with the US dollar is no longer just an economic issue; it has also become highly politically sensitive, especially with the US Treasury Department's strict oversight of transfer and financing mechanisms within Iraq.

On Friday, following the unprecedented Israeli airstrikes on Iranian facilities, oil prices jumped nearly 5%, while the Iraqi dinar fell dramatically against the dollar, exceeding 146,000 dinars to $100 in some local markets, its lowest level in months.

Meanwhile, global oil markets are experiencing significant turmoil, with JP Morgan warning that oil prices could rise to $120 per barrel if geopolitical tensions in the Middle East escalate further.

Global oil prices rose, with Brent crude closing at $74.23, up 4.87%, while US crude also closed at $72.98, up 4.94%.

The dinar is the first to be affected

"What's happening in Tehran is directly felt in the markets of Rusafa and Karkh," says Ahmed Eid, an economic researcher, referring to the close relationship between regional stability and the status of the local currency.

"The sudden rise in the dollar price reflects a real state of panic, not only about the developments in the conflict, but also about its potential financial repercussions, especially if the United States resorts to tightening controls on transfers from the US Federal Reserve or imposing new banking restrictions," he added in an interview with Shafaq News.

Eid warns that the continued smuggling of dollars from Iraq to Iran is fueling monetary instability, saying, "The Iraqi economy is dependent on external balance. We don't produce; we buy everything from abroad, and with every tremor in the region, we are the first to suffer."

Black gold: a temporary gain or an impending disaster?

At first glance, high oil prices appear to be an opportunity to boost Iraq's treasury, especially given that more than 90% of its budget relies on crude oil revenues. However, recurring threats to energy corridors, most notably the Strait of Hormuz, reveal the fragility of this "profit." Every additional barrel sold today may not find a safe route tomorrow. Worse still, proposed alternatives, such as the Turkish Ceyhan pipeline, provide only partial coverage, amid ongoing logistical and political challenges.

"This short-term profit does not hide the real danger," says economic expert Safwan Qusay.

"Any threat to the Strait of Hormuz would mean that more than 3 million barrels of Iraqi oil per day would be at risk," Qusay says. "Even if the Turkish Ceyhan pipeline were activated as an alternative route, it would cover only a third of exports, with burdensome logistical costs requiring thousands of trucks. "

Approximately one-fifth of the world's oil trade—between 18 and 19 million barrels per day—passes through the Strait of Hormuz. Any military escalation affecting this vital artery would mean not only an Iraqi oil crisis, but also enormous pressure on prices and cash flows.

The indirect repercussions, however, appear more vague. The suspension of flights, the complexity of supply chains, and the potential displacement of Iranians or the return of Iraqi students and workers from Iran all add a new burden to the Iraqi state.

Financial expert Mahmoud Dagher told Shafaq News Agency that Iraq is still in the "economic resilience" phase, benefiting from high oil prices, but the door is open to more severe possibilities.

"The worst scenario is the closure of the straits, whether in the Arabian Gulf or the Red Sea, a card that Tehran or its allies in Yemen could play," Dagher says, adding that "this would be an uncontainable blow, not only to the Baghdad government, but to the entire Middle Eastern economy."

Iraq does not appear to have sufficient room for maneuver in this crisis. Between its near-total dependence on oil, weak domestic production, and the import of most basic commodities, any regional unrest becomes a daily matter for Iraqi citizens. As the crisis between Israel and Iran continues, attention is turning not only to the military fronts but also to the markets of Baghdad, where currencies, commodities, and fear determine the fate of millions.

In the absence of a real local production structure, the Iraqi economy is becoming something of a vehicle, completely linked to the regional locomotive.  link

TIDBIT FROM FRANK26

 Frank26

  I went away from Wells Fargo because...they were just being paranoid and misleading people by telling them a lie that it's a scam.  But I knew Chase was a little bit more focused and willing to work with us. 

 They were also just as stubborn but around...January they started to tell us, 'We don't know anything.'  The attitude change.

   Within the last two months I'm telling you I get more phone calls of people telling me, 'You're not going to believe what Chase just told me.  They know.' Of course they know.  

Everybody knows.  It's not a secret.  The problem is nobody knows when.  Nobody know how much.  Actually we know more of, how much than we know, when.

FIREFLY: Saleh back on TV today...talked about how a fixed rate is better than a floating rate #iqd