KTFA (Samson)

Samson: Trump: Iran made a big mistake

20th June, 2019

US President Donald Trump said on Thursday that “Iran made a big mistake” in his first comment on Iran’s downing of a US aircraft.

The Iranian Revolutionary Guard announced the shooting down of a US spy plane on Thursday morning in the southern province of Hormuzgan.

The IRGC public relations said that the incident took place in the early hours of Thursday morning, explaining that “the Air Defense of the Revolutionary Force of the Revolutionary Guards targeted and shot down a US spy plane” Global Hawk “after penetrating the atmosphere of Iran in the area of Mubarak Mubarak province Hormozgan.” LINK

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Samson:  Oil jumps after Trump’s comments on Iran’s “grave error”

20th June, 2019

Oil prices rose Thursday by about 5% after US President Donald Trump attacked Iran for dropping a US aircraft march, saying, “It made a serious mistake”

The US WTI was trading at $ 56.37 a barrel at 17:27 Moscow time, up 4.85% from the previous close.  Brent contracts were traded at $ 64.10 a barrel, up 3.69% from the previous settlement.

The rise came after Trump said through his Twitter page, that “Iran made a serious mistake,” in his first comment on the fall of Iran to a US aircraft march.   LINK

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Don961:  Iraq between the US and Iranian escalation

– 4 Hours Ago

Shatha Khalil *

The Iraqi economy is late and lacks the industry development and development and depends on financing the budget on oil imports mainly, it depends heavily on imports, especially from Iran. 

Where Iran is the most important trading partner for Iraq, and the trade balance is estimated at $ 12 billion. Iraq depends on supplying gas and electricity from Iran, and freezing them means that Iraq is entering a real crisis. In Basra.

Relations between the United States and Iran have witnessed a significant escalation in recent months against the backdrop of Washington imposing economic sanctions on Iran, classifying its Revolutionary Guard as a terrorist and sending a group of warships led by the Abraham Lincoln carrier with B52 bombers to the Gulf region for “Iranian threats” “For US forces and their allies.

Iraq is a mediator between Washington and Tehran:

Iraq stressed the need to be wise and reason in dealing with recent developments in the region, Iraqi Prime Minister Adel Abdul Mahdi, said Iraq’s quest for mediation between America and Iran to push for calm, but there is no Iraqi party wants to push things towards war Between them.

Iraq will continue to move the mediation of countries in the region to avoid conflicts, including Russia, which mediate the crisis, as well as Qatar, Switzerland, Oman and Japan, and the race to activate mediation.

But is Iraq neutral enough to protect its economy, and even its policy emerging from the external repercussions of the US and Iran, as they both have influence in Iraq, will Iraq become the arena for the liquidation and lose balance between the two forces ?!

Here, we must emphasize the need for Iraq to seek economic alternatives, and Saudi Arabia should be able to gradually free from dependence on Iran.

US threats to Iran come into force: 

US President Donald Trump’s decision to “cleanse Iranian oil” came into effect early this month with the end of a deadline given by Washington to a number of countries to refrain from importing Tehran’s oil, increasing the economic difficulties facing Iran. Reliance on oil as a major source of foreign inflows.

On the other hand, the administration of US President Donald Trump sends mediators across Iraq to Iran, where US Secretary of State Mike Pompeo said he sent Iran a warning message during a hastily arranged visit to Baghdad last month that any attack by Tehran or one of its agents leads to an American death One would lead to a US military counter-attack, but Iran has refused to negotiate with Washington “under pressure and sanctions that it sees as surrendering and making concessions.

In the same context, Iranian President Hassan Rowhani said that his country would implement the second step of reducing its commitments in the nuclear agreement if the partners of the agreement did not implement their commitments during the remainder of the 60-day deadline announced by Iran earlier.

“The sanctions imposed by America failed, and as we were told by foreign officials, they recognize the failure, and this is a great work done by Iran.”

“The measures we are taking to reduce our commitments to the nuclear deal are the lowest that can be done within the framework of the agreement, and Iran has reduced its commitments not only because the other side withdrew from the agreement but to target it as the basis of the agreement to impose sanctions on the Iranian people,” Rowhani said.

Iranian messages bombarded in multiple directions:

The newspaper “Haaretz” Hebrew in an article by author Zvi Bariel, “The Katyusha rocket that exploded near the US Embassy in Baghdad, once on Iraq to a new point of the collision course between Washington and Tehran,” believing that “the missile attributed to the forces or militias in favor of Tehran, A message to the US administration and the Iraqi government that they are not subject to US pressure. ”

“The American pressure is working on two tracks,” the newspaper said. “We are only pointing to the first, which confirms Washington’s desire to separate Iraq’s economy from Iran’s economy, thus closing the expected gap in sanctions on Iran. The confrontation has gone violent. ”

Iran’s recent sabotage operations have serious ramifications, not only on the existing situation between Iran and the countries of the region, but will also disrupt international shipping, hit the global economy and threaten the security of world oil supplies.

The international trade is in a real crisis after the targeting of ships in Fujairah. Its effects could threaten the stability of the international economy if the geopolitical risks in the region escalate, making the alarm sound. All possibilities are possible. Either the calm or the situation worsens in the coming period. To the highest levels, in addition to the high cost of insurance for ships passing in the region in the event of escalation of sabotage, which will also have negative effects on high prices.

The region has about one-third of the world’s oil production, which means that tensions will have significant consequences for oil prices to record levels, and the high cost of insurance for oil tankers, and there must be international intervention through political channels and diplomacy.

These threats will not be in the interest of Iran in the first place, because the beneficiary of trade from the Arabian Gulf is the most promising markets in Asia, including China, India, Japan, Thailand, the Philippines and others, unlike the United States, which has decreased its need for oil and started exporting. The international community, a development in which no party wants to place itself.

In conclusion, the drums of war between Iran and the United States do not seem to be close to the Iraqi scene, even with the fact that the two countries retain considerable power and influence there, suggesting the prospect of violent conflict. Because there is a network of interests and mechanisms of cooperation or a controlled confrontation between the two parties, and obviously both invest in this type of pragmatic relationship, which maintained the balance of their interests even with the acceptance of profit or loss for both.

Economic Studies Unit
Center for Research and Strategic Studies   link

StephenMac63:  This how advanced the Iraq Banking system has progressed. A MOU was signed today by Iraq Trade Bank for a company in India to develop a FinTech and Cloud Platform for the TBI.    http://www.iraq-businessnews.c…..velopment/

Magliteparty369:  Something is happening, GOLD price is up $43 today.  Im no analyst but I’ve never seen gold move this much in one day since I’ve been paying attention to world markets as it involves our investment…IMO   Anybody else have a perspective?

MW:  I was just telling a friend about that earlier….. something is DEFINITELY going on!! Maybe USN aka Gold backed dollar…. is about to be announced?? I don’t know but it’s seems very interesting!!

MarkPam:  it could be.  But remember the basic fundamentals that gold and other precious metals rise as a hedge against a potential downturn in the market.  Couple that with a weakening dollar and you are seeing that rise as significant.  So it could be both pieces combining to cause the rise.

Your point on the USN could be valid as well as DT’s focus on leveling the playing field with countries using their own currency in an asset backed environment could be assisting potentially  also.     Time and  Truth go hand in hand!!

Samson:  Sadr threatens an open sit-in in Tahrir Square after the 10-day deadline

19th June, 2019

A leader of the Sadrist movement, Moqtada al-Sadr, is seeking to declare an open sit-in after the 10-day deadline given to Prime Minister Adel Abdul-Mahdi to complete the remaining cabinet.

The source, who preferred not to be identified in a press statement, said that “Sadr plans to announce an open sit-in in Tahrir Square in downtown Baghdad if Abdul Mahdi did not achieve the conditions set for him within ten days,” pointing out that “the most important conditions are the completion of the ministerial cabin The fastest time and end the file management of positions by proxy, as well as granting the Ministries of Interior and Defense of independent security figures

He added that the demonstration and sit-in, which will be announced by Sadr is the final stage of Prime Minister Adel Abdul-Mahdi before going to his dismissal and replace him with someone else

The leader of the Sadrist movement Moqtada al-Sadr has set, on Monday, June 17, 2019, ten days for Prime Minister Adel Abdul Mahdi, ending the file to complete the cabinet cabin, and stipulated that nominate a fair person or not to back him   LINK

Iobey777:  WHOA!! He means BUSINESS!!! IMO!!

Samson:  Iraq calls on Chinese giants to rebuild the country

2019/6/20 16:03

The Secretary-General of the Council of Ministers, the government’s intention to open investment for Chinese enterprises giant, in the framework of supporting the private sector and the reconstruction of the country.

During his meeting with Chinese Ambassador to Baghdad Zhang Tao and his accompanying delegation, Ghazi discussed several files, the most important of which are mechanisms for developing the horizon of joint cooperation between the two countries and expanding the role of Chinese companies in the future in all fields, especially the rehabilitation of airports and industrial cities.”  The Secretary – General expressed the government ‘s readiness to provide all forms of cooperation and logistical facilities for Chinese companies.

For his part, the Chinese ambassador to his country as a strategic partner of Iraq, expressing his country ‘s readiness to work at different levels in order to achieve the foundations of peace, reconstruction and investment Ot Qiq sustainable development and social security in Iraq.  He pointed to the support of the Chinese Embassy in Baghdad, the education sector, by bringing them in- kind assistance, referring to the granting of the Ministry of Construction and Housing equipment, worth up to $ 30 million.

The Chinese ambassador also expressed his country’s desire to hold a training course on financial management for the Iraqi cadres, which lasted 21 days, in Shanghai, starting in July next
.   LINK