WOTS MON JUL 11 22
Kurdish MP: The political scene needs Al-Sadr's blessing
Minister of Electricity: Iraq has paid all the debts owed to Iran, and this summer will be the best in supplying energy
Karim said, in a televised statement, "This summer will be better than last summer in supplying electrical energy, and so far the network is stable and daily additions come, and there is an increase in demand for energy by more than 20% compared to last year."
He added, "It is hoped that there will be an increase in the rate of supply to 23,000 megawatts," noting "Iran's gas entitlements to the previous government, which are accumulations and were paid in full shortly before, amounting to one billion and 640 million dollars."
Karim continued, "Iraq receives 42 million cubic meters of Iranian gas per day, and there is another agreement with the Iranian side to supply Iraq in principle with 400 megawatts, divided into 200 megawatts towards Basra and 200 megawatts toward Diyala."
He stressed, "The need for 15 new megawatts to continue supplying energy to citizens for 24 hours, so we still need Iranian gas," revealing:
The Minister of Electricity continued, "The Ministry of Oil failed to supply gas to the electric stations, and the main problem in the electricity file is the lack of fuel," stressing "Iraq's need for financial support to reach the production of 35,000 megawatts
Coordination framework: Do not negotiate the decisions of the Federal Court on the region's oil
The coordination framework announced, today, Monday, its support for the decision of the Federal Court on the oil of the Kurdistan region, stressing that "it will not .enter into negotiations other than this position
The leader in the framework, Ali Al-Fatlawi, told (Baghdad Today), that" the coordination framework with the application of All decisions of the Federal Supreme Court, and with the .application of the court's decision on the export of oil from the Kurdistan region This judicial decision is not subject to negotiation or discussion and is outside the negotiations to" ".form the new Iraqi government
He continued, "The framework respects judicial decisions and does not negotiate these ".decisions The Federal Court had ruled the unconstitutionality of the oil and gas law approved by the .Parliament of the Kurdistan Region
Al-Atabi: The Coordination Framework Has Resolved 70 Percent Of The Obstacles To Forming The Government
The leader in the coordination framework, Turki al-Atbi, confirmed, on Monday, that obstructing the formation of the next government will lead Iraq to a dark tunnel, explaining that the coordination framework was able to resolve 70 percent of the problems of forming the next government.
Al-Otbi said in an interview with "The Information", that "Iraq is in a difficult situation and the overlapping crises threaten the entire political process, stressing that the attempt of any political party to obstruct the formation of the government will lead the country into a dark tunnel and create repercussions of unimaginable consequences."
He added, "The coordination framework is proceeding in forming the government at an accelerating pace in order to end the stage of political blockage and give paths of optimism to the people regarding many crises that have become a source of burden on the shoulders of millions, especially in the economic file."
He pointed out that "70% of the problems of forming a government have been resolved with the rest of the political forces, and the end of this July will be an important stage in declaring many understandings with political currents and alliances."
The coordination framework has been leading a political movement for weeks in order to resolve the formation of the government in coordination with the rest of the partners.”
Kurdish MP: The political scene needs Al-Sadr's blessing
A member of the Kurdistan Democratic Party, Wafaa Muhammad Karim, commented today, Monday, on the possibility of representatives of the Sadrist movement participating in the next government formation, indicating that the political scene needs al-Sadr's blessing.
Karim said in an exclusive interview with "Mawazine News" that "the talk of Mr. Ammar al-Hakim yesterday about the withdrawal of the Sadrist movement is to avoid internal fighting and that he often speaks in this professional way."
He added, "The political scene now needs the blessing of Mr. Muqtada al-Sadr to form a government, and this does not mean that they will ever participate in it, but rather not to inflame the street."
He pointed out that "Mr. al-Sadr warns and refuses the participation of any person belonging to the Sadrist movement in that government, and that the Sadrist movement has not only withdrawn from the political process, but refuses the participation of any of his side in that government."
Oil prices fall amid recession fears
Oil prices fell by about one dollar on Monday, in volatile trading, reversing some of the gains they made in the previous session, as fears of recession and China's restrictions on Covid-19 overshadowed the ongoing concerns about supply shortages.
Brent crude futures fell 49 cents, or 0.46 percent, to $106.53 at 04:49 GMT, after rising 2.3 percent last Friday.
US West Texas Intermediate crude futures were down 0.89 cents, or 0.85%, at $103.91, down 2% from Friday.
Trade has dwindled due to a public holiday in parts of Southeast Asia, including the oil trading hub of Singapore.
Data on July 10 on COVID-19 cases in China showed the numbers were up from the day before, and concerns remain about the potential for wider lockdowns after a new variant of Omicron was discovered in Shanghai.
On the supply side, the market remains concerned about Western countries' plans to curb Russian oil prices, with President Vladimir Putin warning that further sanctions could lead to "disastrous" consequences for the global energy market.
Another major factor that traders will be watching is the maintenance of Nord Stream 1, the largest single pipeline carrying Russian gas to Germany, which is set to run from July 11-21. Which could lead to an economic slowdown and flow through weak oil demand and stagflation.
Al-Rafidain: The interest of opening savings accounts reaches 4%
Today, Monday, Al-Rafidain Bank set the interest of opening savings accounts for citizens.
The bank said in a brief statement, that "the interest for opening savings accounts amounts to 4% in return for depositing citizens' money in the bank's branches located in Baghdad and the provinces."
A Sadrist official confirms that a government will not be formed and the possibility of dissolving parliament and going to new elections
Today, Monday, a Sadrist official confirmed that the new government will not be formed in a short time, while pointing out that the current situation indicates a high possibility of dissolving Parliament and going to new elections.
The official said in a statement to Khabar Press Agency (AP), that "the issue of forming a government has become a tangled thread, which cannot be resolved easily, and may need months, especially since the Kurdistan Democratic Party and the Sovereignty Alliance have demands that are inconsistent with the coordination framework, and the continuation of the situation as it is. He may take matters to an early election, otherwise they will face outrageous popular anger.”
The official, who asked to remain anonymous, added that "there are conflicts over positions, as al-Maliki wants to be prime minister with Iranian and American refusal and also within the framework, because of Qais al-Khazali's desire for an acceptable prime minister and to be one of the Asa'ib League."
He pointed out that "the Sadrist movement does not have any negotiator in the issue of forming a government, as the movement stopped all its political activities, and decided to withdraw from Parliament," stressing that "the current still owns the General Secretariat of the Council of Ministers, as well as a special 90 degree, and all of this depends on the government." that will keep them or dismiss them.”
He explained, "All options are on the table, and if a government is not formed, there are calls within the coordination framework to dissolve parliament, go to new elections, and keep Al-Kazemi for the next stage."
And he added, "Iraq cannot bear to be an arena for internal or regional conflicts, because its return will be great on the country, as it has become the weakest in the region, as a result of the political behavior of the parties involved in the political process."
Regarding Friday prayers, he stressed that “there is no intention to postpone Friday prayers from the leader of the Sadrist movement, Muqtada al-Sadr, and preparations are in full swing, as our exit from Parliament does not mean that we leave the country drawn into corruption, disputes and abuse, or that we allow ethnic or sectarian wars to occur. “.
He also stressed by saying, "We want Iraq to be more stable, especially with the current changes in the region and the Iranian-American, Iranian-Israeli and Iranian-Gulf conflict.
Erbil..The house of a leader of the Patriotic Union of Kurdistan was shot at and one of his guards was wounded
On Monday, gunmen opened fire with automatic weapons at the house of a leader of the Patriotic Union of Kurdistan in Erbil, injuring one of the house guards.
According to the information, the gunmen threw bullets at the house of the leader, Haji Masifi, as a result of which one of the house's guards was wounded, and he was subsequently transferred to the hospital.
According to the information, the accident occurred at around 3:00 am, while Kurdish media reported that “the house of a leader in the Patriotic Union in Erbil was subjected to a hail of bullets.
Iran: We entered the markets to sell our oil (it had not crossed our minds)
The Iranian Oil Ministry said, on Monday, that it "is making great efforts to sell oil, in light of the economic war on the country."
In a clarification message published in the Iranian newspaper "Sharq", the Iranian Oil Ministry explained: "The ministry has never, and will never, sell oil in a way that does not suit the country's interests."
And the Ministry of Oil continued in its message: “In light of the economic war on the country, the Ministry of Oil has made unremitting efforts to sell oil, and this matter has been evident in strengthening the country’s economy in recent months,” adding: “We have achieved a sustainable rise of 40% in oil exports in recent months.” Oil sales in recent months were able to fill the budget deficit of the past year.
And she indicated that she "entered markets that were unimaginable, in light of the tightening of restrictions on Iran."
Former MP: The Region's Oil Revenues Go To The Ruling Families, And Some Of Them Flee Abroad
The former Kurdish MP, Ghaleb Muhammad, criticized the policy of the ruling authority in the region towards the citizen, pointing out that oil revenues go to the ruling families in Kurdistan and part of it is smuggled to other countries.
Muhammad told Al-Maalouma, "If the Kurdistan region was able to reach Saudi Arabia's production of oil and fuel by 10 million barrels per day, the Kurdish citizen would not benefit even with the amount of a barrel of oil."
He added, "If the oil price exceeds $200 a barrel, the salaries in the region will not change, and the problem of delays in delivering them to employees will remain without any significant solutions."
And he indicated that "the money obtained by the regional government from oil revenues or from the federal government, part of it escapes and the other part goes to the balances of the families of the region in other countries, as well as the protections of those families in Kurdistan at a time when the federal government deals with families as leaders and political forces in the region.
Below here is the WOTS for the day "Word on the Street" report:
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1427.6000 |  1486.7000 | 1457.6000 | 1456.1000 | 1456.1000 | -0.5000 | 10:53 |
| USD/VND | 23347.0000 | 23357.0000 | 23354.3800 | 23347.2100 | 23354.3800 | -8.4400 | 22:58 |
| USD/CNY |  6.7071 | 6.7091 | 6.7130 | 6.6941 | 6.6941 | 0.0129 | 05:25 |
| USD/KWD | 0.3074 | 0.3084 | 0.3074 | 0.3074 | 0.3074 | -0.0001 | 05:07 |
| GBP/USD | 1.1944 | 1.1945 | 1.2036 | 1.1939 | 1.2011 | -0.0071 | 05:26 |
| USD/IRR | 42100.0000 | 42600.0000 | 42378.5000 | 42358.6000 | 42378.5000 | 29.3000 | 11:44 |
| USD/IDR | 14975.0000 | 14981.0000 | 14994.0000 | 14950.0000 | 14976.0000 | -2.0000 | 05:26 |
Oil prices fall amid recession fears
Oil prices fell by about one dollar on Monday, in volatile trading, reversing some of the gains they made in the previous session, as fears of recession and China's restrictions on Covid-19 overshadowed the ongoing concerns about supply shortages.
Brent crude futures fell 49 cents, or 0.46 percent, to $106.53 at 04:49 GMT, after rising 2.3 percent last Friday.
US West Texas Intermediate crude futures were down 0.89 cents, or 0.85%, at $103.91, down 2% from Friday.
Trade has dwindled due to a public holiday in parts of Southeast Asia, including the oil trading hub of Singapore.
Data on July 10 on COVID-19 cases in China showed the numbers were up from the day before, and concerns remain about the potential for wider lockdowns after a new variant of Omicron was discovered in Shanghai.
On the supply side, the market remains concerned about Western countries' plans to curb Russian oil prices, with President Vladimir Putin warning that further sanctions could lead to "disastrous" consequences for the global energy market.
Another major factor that traders will be watching is the maintenance of Nord Stream 1, the largest single pipeline carrying Russian gas to Germany, which is set to run from July 11-21. Which could lead to an economic slowdown and flow through weak oil demand and stagflation.
Kurdish MP: The political scene needs Al-Sadr's blessing
A member of the Kurdistan Democratic Party, Wafaa Muhammad Karim, commented today, Monday, on the possibility of representatives of the Sadrist movement participating in the next government formation, indicating that the political scene needs al-Sadr's blessing.
Karim said in an exclusive interview with "Mawazine News" that "the talk of Mr. Ammar al-Hakim yesterday about the withdrawal of the Sadrist movement is to avoid internal fighting and that he often speaks in this professional way."
He added, "The political scene now needs the blessing of Mr. Muqtada al-Sadr to form a government, and this does not mean that they will ever participate in it, but rather not to inflame the street."
He pointed out that "Mr. al-Sadr warns and refuses the participation of any person belonging to the Sadrist movement in that government, and that the Sadrist movement has not only withdrawn from the political process, but refuses the participation of any of his side in that government."
Al-Atabi: The Coordination Framework Has Resolved 70 Percent Of The Obstacles To Forming The Government
The leader in the coordination framework, Turki al-Atbi, confirmed, on Monday, that obstructing the formation of the next government will lead Iraq to a dark tunnel, explaining that the coordination framework was able to resolve 70 percent of the problems of forming the next government.
Al-Otbi said in an interview with "The Information", that "Iraq is in a difficult situation and the overlapping crises threaten the entire political process, stressing that the attempt of any political party to obstruct the formation of the government will lead the country into a dark tunnel and create repercussions of unimaginable consequences."
He added, "The coordination framework is proceeding in forming the government at an accelerating pace in order to end the stage of political blockage and give paths of optimism to the people regarding many crises that have become a source of burden on the shoulders of millions, especially in the economic file."
He pointed out that "70% of the problems of forming a government have been resolved with the rest of the political forces, and the end of this July will be an important stage in declaring many understandings with political currents and alliances."
The coordination framework has been leading a political movement for weeks in order to resolve the formation of the government in coordination with the rest of the partners.”
CBI Update: Just a note:
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