…over the past month, Iraq’s been stacking wins that fly under most radars. Political meetings between Sudani’s circle and Central Bank leadership have hammered HCL (Hydrocarbon Law) long-delayed oil revenue sharing that locks in federal control while giving regions skin in the game. When that lands fully, it stabilizes budgets and removes one of the biggest excuses for currency volatility…Watch for more HCL ratification noise and any sudden gold reserve announcements; those are the tells that the books are squaring up for re-rate mechanics.
