Economist: Targeting Oil Facilities Could Raise The Price Of A Barrel To $130

 Economist: Targeting Oil Facilities Could Raise The Price Of A Barrel To $130.

 
Today 12:18  Information / Baghdad..  International economics professor Nawar Al-Saadi warned on Tuesday that  an escalation in military tensions between Iran and the Zionist entity, with the exchange of strikes shifting from limited scope to direct targeting of vital infrastructure,  could push the world toward one of the most serious economic crises in decades.   

Al-Saadi told Al-Maalouma News Agency that  "the targeting of a gas platform by the Zionist entity and Iran's response by bombing a refinery in Haifa represent a dangerous indicator of the potential outbreak of a strategic assets war in which energy facilities, including oil and gas, become key targets in the conflict."  

He added that  "global energy security will be the first to pay the price," noting that  "the Strait of Hormuz, over which Iran has geographic control, passes more than 25% of global oil exports."   

He explained that  "any actual threat to this vital waterway, whether through closure, bombing, or naval mines, would cause a market shock that could send oil prices to nearly $130 per barrel if navigation were partially disrupted."  

 He explained that  "this price jump will put significant pressure on the economies of importing countries, particularly in Asia and Europe,  and will push toward a new global inflationary wave
that could weaken purchasing power and lead to an economic slowdown that could reach the point of recession if the conflict continues." 

 He pointed out that  "the repercussions of the escalation will impact global supply chains,
particularly in the transportation and heavy industry sectors, due to rising fuel and logistics costs,
which threatens a shortage of basic commodities and a decline in global production."  

He stressed that  "the Gulf states will not be immune from the impact, despite their relative distance from the geography of the confrontation," noting that their energy facilities remain vulnerable to potential missile or electronic attacks, which would deepen the supply crisis. 

As for Iraq, he noted, "The impact will be twofold.
 
While it may benefit in the short term from higher oil prices,
it could face a real problem if the Strait of Hormuz is closed or export routes are disrupted,
particularly given the Ceyhan pipeline's closure and its current reliance on the Gulf as the sole conduit for its oil exports." 

He concluded by saying,  "The transformation of the conflict into a full-scale war on energy infrastructure will not remain confined to its security or political scope, but may cause a global economic shock deeper than that caused by the Ukraine war, with the potential to redraw the map of alliances and centers of economic influence in the world."  End 25/S      
https://almaalomah.me/news/101672/economy/اقتصادي:-استهداف-منشآت-النفط-قد-يرفع-سعر-البرميل-إلى-130-دول  

STATUS OF THE RV , PART 3 BY MNT GOAT

 STATUS OF THE RV , PART 3

Meanwhile the peanut-head idiot and former 8 year looser prime minister of Iraq, Nori Al-Maliki, is trying desperately to stir up the beehive and get Iraq physically involved in this conflict. I quote “He frames Iran-Israel conflict as battle between ‘path of Ali’ and ‘Zionism’ “. Why don’t they just get rid of this idiot altogether?

I was told the “days of appeasement” of Iran are over, according to President Trump. I was also told that Americans are sick and tired of the status quo created by the Obama administration with Iran. 

This was done as an orchestrated plan to siphon money out of Iraq for Iran with bribes/payoffs going to U.S. Congressmen and Senators. We all should know by now how they were doing this scheme. Today under president Trump Americans want real change at home and in the middle east and in Iraq, as do other foreign countries. The momentum of the destruction of the Khamenei regime is underway. As usual they have been waiting for the U.S. with Israel to lead in these changes.    

There are also very interesting news articles coming from Iraq. Also news from the political side of Canada and the U.S. The deep state and democrat (communist) party is in a state of panic and without any real leadership. It is falling very quickly now. God promised that His Hand would strike the wicked and so it is.

Stay tuned for the rest of RV news…..

I hope I can continue to bring the Newsletter to you. But first let’s take some time to consider showing some consideration for the month of June for all my hard work. If you have not done so already, please consider a monthly appreciation. There are some interesting new articles to talk about and the future of this effort.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

WOLVERINE: The Pentecostal Group started the process on Fri. 30 May as promised. #iraqidinar #iqd

 

A Parliamentary Bloc Calls For A Permanent Meeting Of The Crisis Cell To Address Developments In The Region.

 A Parliamentary Bloc Calls For A Permanent Meeting Of The Crisis Cell To Address Developments In The Region.

Tuesday, June 17, 2025, | Politics Number of reads: 210  Baghdad / NINA / The parliamentary opposition bloc criticized what it described as the absence of representatives of the blocs representing the governorates from the emergency session to discuss the violation of Iraqi airspace, while demanding a permanent convening of the crisis cell to address any developments in the region.

The head of the bloc, MP Amer Abdul Habbar, said in a press conference on Tuesday, that "the session held to discuss the violation of Iraqi airspace did not achieve quorum, as the number of attendees reached only 75 representatives,

 and there were no representatives of the Kurdish blocs, the blocs of the central and southern governorates, and the blocs of the western governorates, but rather the presence of only individuals to discuss a sensitive issue that affects the country's sovereignty, security and stability."

He added, "Since last year, we have submitted an official request to form a secret operations room headed by the Commander-in-Chief of the Armed Forces and with the participation of all security agencies and formations, including those affiliated with the security services and those not affiliated, for the necessity of having a national decision that takes into account the interest of Iraq, and spares the country the risk of entering into military and security conflicts." https://ninanews.com/Website/News/Details?Key=1234931

TIDBIT FROM MARKZ

 MarkZ  

 [via PDK]  Comment:  Many...are stating there is not redemption centers and no 800 numbers. MarkZ: ...It's all about definitions.

 What we call a “redemption center” is a bank. A redeeming bank that has their staff trained for this exchange. We are not saying we will go to some pop up location in a shady dark corner. 

A redemption center is a bank location where they are going to redeem and exchange our currencies. 

Have you ever called an 800 number to your bank with a customer service problem?  It’s the same thing. If banks come out with new 800 numbers for our exchanges…[there will be]...Someone on the other end who actually knows about our exchanges...   

DINAR REVALUATION REPORT: 🇮🇶 The 3 Phases of the Iraqi Dinar Exchange Rate Reform EXPLAINED #iqd

 

Al-Sudani's advisor reveals to "Tariq Al-Shaab" the procedures for dividing "Rafidain" into two banks

 Al-Sudani's advisor reveals to "Tariq Al-Shaab" the procedures for dividing "Rafidain" into two banks. 

The Iraqi banking sector continues to suffer from chronic deterioration and weakness due to accumulated financial failures, weak capital, and a host of other factors, hampering its vital role in supporting the national economy.

There is no doubt about the importance of reforming and developing the banking sector in Iraq, including Rafidain Bank, which constitutes the cornerstone of the country's financial system and government payments system.

Conditions for successful structuring

Although this step is necessary, experts emphasize the need to implement it cautiously and gradually, while enhancing governance and transparency to avoid the risks of rapid privatization and prevent any political influence in the new management of the bank or elsewhere, thus ensuring the restoration of confidence among investors and citizens alike.

How is it structured?

In this regard, the Prime Minister's Financial Advisor, Dr. Mazhar Mohammed Salih, stated that Rafidain Bank—one of the largest commercial government banks in Iraq—has previously suffered from accumulated failures that have posed a significant obstacle to its development, despite its status as the backbone of the government payments system.

In an interview with "Tariq Al-Shaab," Saleh said, "Government and individual financial transactions have become largely intertwined, at a time when the bank suffers from weak capital, a near-total reliance on government liquidity, and limited international banking relationships."

He pointed out that Rafidain Bank "alone accounts for approximately 60% of total banking assets in Iraq, which reflects its significant size and the importance of its reform within a broader framework for developing the country's banking sector."

He explained that "the study currently being prepared by Ernst & Young is moving towards separating the bank into two independent entities. The first, called Rafidain 1, will be a joint-stock bank open to citizen participation, with the government's stake remaining below 25%, to avoid transforming it into a mixed-sector or fully private sector."

He explained that "Rafidain 1" will be effectively integrated into the national and international banking environment, will be managed in partnership with a strategic banking partner (international or regional), and will rely on modern digital and financial technology. It will also work to finance foreign trade and enhance domestic investment, representing a qualitative shift in the structure of the Iraqi banking sector, which suffers from isolation between government and private banks.

He added, "The goal is to establish a bank that complies with international standards, is free from money laundering issues, and keeps pace with technological developments, thus contributing to improving the banking environment in Iraq."

traditional Mesopotamia

The second entity, according to Saleh, will maintain the "traditional Rafidain Bank" as a fully state-owned bank, exclusively concerned with government financial operations. It will be the official banking arm of the state, responsible for managing the unified treasury account and all government payments.

He explained that "Rafidain 1, which will be privatized through a guaranteed process, will be completely separate from Rafidain 2, and will deal with the banking market and citizens as a major joint-stock company, with a strategic banking partner." He noted that "the details of the capital, number of branches, size of assets, and the transformation mechanism will be precisely determined within the comprehensive study being prepared by the consulting firm, which is expected to be completed and submitted by the end of this year."

Private sector involvement

For his part, economic expert Ahmed Abdul Rabbo stressed that "the restructuring of Rafidain Bank represents a crucial step in the process of reforming the Iraqi banking sector, but it requires careful and gradual implementation to avoid any negative repercussions."

In an interview with "Tariq Al-Shaab," Abd Rabbo explained that "successful restructuring must begin with comprehensive administrative and technical reforms, clearing the public budget of accumulated burdens, and strengthening the principles of governance and transparency." He emphasized the need to "gradually involve the private sector without relinquishing the state's strategic control over the bank."

He warned of "the risks of rapid or random privatization, or selling assets for less than their true value, as well as maintaining government influence within the bank's new management, all of which could undermine reform goals rather than achieve them."

He continued that the success of this process "will contribute to restoring confidence in the banking sector, enhance the attraction of local and foreign investment, and improve the efficiency of the financial system as a whole." However, he cautioned that "any errors in implementation could lead to financial or social crises that would be difficult to contain later."  link