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07.10.26 - 21:33
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Iraq Formally Requests Syria Act As ′Hormuz Bypass′ Route For Its Crude (ZeroHedge)
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Iraq Formally Requests Syria Act As 'Hormuz Bypass' Route For Its Crude
Syria's geography has long given the country huge economic opportunities as a major energy transfer hub connecting Middle East states to the Mediterranean.
But as the last decade plus of proxy war which resulted in the overthrow of Bashar al-Assad demonstrated, Syria has also long been target of foreign machinations bent on seeing a puppet state installed in Damascus. The US-Gulf allies broadly waged war against the so-called 'Shia crescent' represented in the old Baghdad-Damascus-Hezbollah axis.
Henry Kissinger famously stated of its opportunity-rich geography, "you can't make war in the Middle East without Egypt and you can't make peace without Syria." The historiographical term Pax Syriana also captures this concept: as goes Syria, so goes the whole region.
Prior file image: Long convoys of Iraqi diesel-laden tanker trucks line up along the Tartus-Baniyas highway, via AFP.Of course, the external powe...
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07.10.26 - 17:39
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After Iran′s Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries (ZeroHedge)
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After Iran's Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries
Last weekend, we noted that the clearest scorecard of the US economic war on Iran is the rial, which cratered to a record 2.7 million per dollar (the slide that we first flagged in "Iran's Deadline Expires Today"... Rial Collapses, and which has only accelerated since). Turns out Tehran has company.
On Wednesday, Iraq devalued its currency by 13%, with the central bank raising the dollar-selling price for the public to 1,520 dinars from roughly 1,320. Per Reuters, the cabinet adopted the new structure on Tuesday, effective Wednesday: the Finance Ministry now sells its oil dollars to the CBI at 1,500, banks get them at 1,510 and the public pays 1,520.
That makes Iraq, as Bloomberg notes, the first Gulf Arab state to devalue since the US-Israel war on Iran began in late February. It probably won't be the last thing in the region to break, but it is the first currency peg to do so, w...
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04.10.26 - 23:36
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US Treasury Grants Sanctions Waiver For Some Iranian Flights To Iraq (ZeroHedge)
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US Treasury Grants Sanctions Waiver For Some Iranian Flights To Iraq
Via The Cradle
The office of Iraqi Prime Minister Ali al-Zaidi announced on Friday that Baghdad has secured a narrow exemption from US sanctions on Iran's aviation sector, allowing Iranian airlines to resume up to 40 daily flights to Najaf International Airport.
The deal excludes Mahan Air, the statement said, welcoming US “cooperation in granting the necessary exemption.” It added that the move would ease travel for pilgrims, patients, and tourists affected by the sanctions.
Wiki Commons“Air travel does not merely represent transportation between two airports, but rather a bridge of communication between peoples,” it added.
Najaf is the chief hub for Iranian flights into Iraq, serving Iraqi Shia pilgrims bound for Iran's holy cities and Iranians visiting shrines in Iraq. Iraq's announcement came a day after Tehran called for the restrictions to be lifted.
Iran's Foreign Ministry condemned Washington's “ill...
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04.10.26 - 16:24
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Flugverkehr zwischen dem Irak und Iran läuft wieder an (DPA-AFX)
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BAGDAD (dpa-AFX) - Nach einer mehrtägigen Unterbrechung wird der Flugverkehr zwischen der irakischen Pilgerstadt Nadschaf und dem Iran wieder aufgenommen. Es seien drei Abendflüge geplant, teilte die Flughafenverwaltung von Nadschaf laut der irakischen ......
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