The Middle East: Between the Curse of Oil and the Dream of Renaissance
The Middle East has not been at peace for decades. Wars, coups, and divisions recur under changing names, keeping the region captive to a cycle of blood and destruction, as if it was created to remain ablaze.
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The wealth buried underground—oil—has transformed from a blessing into a curse, inviting the ambitions of the major powers and turning the region into an arena for indirect conflicts. Oil is no longer a source of wealth, but a tool of depletion, and the result: draining peoples, projects of disintegration, and every voice of reform is suppressed or assassinated.
In this scene clouded with disappointment, the question is no longer when will salvation come?
Rather, how do we create it with our own hands?
The bet on outside forces has failed, and retreat is no longer an option. It is time to reshape our collective project on foundations stemming from our own will, not imposed by the maps of others.
So how do we get out of this impasse?
1- Building an independent Arab project that expresses the aspirations of the peoples.
2- A cultural and educational renaissance that liberates consciousness from dependency.
3- Regional economic integration that ends dependence on oil.
4- Internal political reform that restores lost confidence.
5- A unified popular awareness that rejects sectarian and ethnic exploitation as tools of conflict.
6- Peoples who refuse to be fuel for wars that do not concern them.
These are not theoretical ideas, but fateful choices.
The future is not given, it is made. There is no renaissance without awareness, and no dignity without will.
Let us be the moment of transformation that time awaits... and the voice that does not repeat what impotence has said.
Due to the current security situation
US State Department: Our embassy in Jerusalem will be closed from Wednesday to Friday.
The US State Department announced on Wednesday morning (June 18, 2025) that the US Embassy in Jerusalem will be closed starting today and continuing until Friday, due to rapid security developments in the region.The Foreign Ministry confirmed in an official statement, followed by Baghdad Today, that the decision came "in light of the current security situation in Israel," noting that the embassy will suspend all consular and routine operations during this period.
Washington called on American citizens in Israel to exercise extreme caution, avoid crowded places, and adhere to security guidelines issued by local authorities and the embassy.
The measure comes amid escalating Iranian missile attacks on Israeli territory and ongoing tensions between Tehran and Tel Aviv, amid fears of an escalating conflict.
Iranian Supreme Leader: We must deal firmly with the Zionist entity, and we will never compromise with it.
Iran's Supreme Leader, Ali Khamenei, confirmed in a tweet posted Wednesday morning (June 18, 2025) that his country "will never compromise with the Zionist entity," emphasizing the need to "deal firmly and decisively with it."Khamenei said in the tweet, which was followed by Baghdad Today: "The Zionist entity must be confronted with force... We will never compromise with it," in a direct reference to Iran's continued military approach against Israel.
Regional escalation between Tehran and Tel Aviv continues, as Iranian forces continue to carry out strikes as part of Operation True Promise 3, targeting air bases and strategic sites inside Israel.
Iran's Supreme Leader's first comment on Trump's call for Iran to surrender: We will never compromise.
In the first official Iranian response to former US President Donald Trump's statements calling on Tehran to surrender, the Supreme Leader of the Islamic Republic of Iran, Ali Khamenei, issued a sharply worded tweet rejecting any form of concession with Israel.
“The terrorist Zionist entity must be dealt with forcefully,” Khamenei said on his official X (formerly Twitter) account. “ We will never compromise with the Zionists.”
This tweet comes after Trump called on Iran to declare its surrender, rather than escalate,” referring to the recent Iranian attacks on Israeli targets in Haifa and Tel Aviv, which were described as “unprecedented” in terms of scope and tactics.
Observers believe that Khamenei’s statement permanently closes the door to any international mediation or pressure aimed at containing the escalating confrontation between Tehran and Tel Aviv.
Internet outage in Iranian provinces
News reports on Tuesday indicated a widespread internet outage in Iranian provinces.News channels reported that users in various Iranian provinces reported widespread internet outages, while other areas were experiencing significantly slower service speeds.
Internet service in the capital, Tehran, has been experiencing widespread outages and a significant decline in connection quality since dawn today, according to user testimonies.
Government spokeswoman Fatemeh Mohajerani said on Monday that the decision to reduce internet speed was a temporary measure aimed at countering cyber attacks targeting the country's digital infrastructure.
She added during a press conference that this measure is necessary to ensure network security and protect user data, stressing that normal internet speeds will be restored once the security threats are eliminated.
She stressed the government's commitment to providing stable and secure internet services to all citizens, while taking all necessary measures to combat cyber threats.
The Israeli-Iranian air war enters its sixth day, and Trump calls on Tehran to "unconditionally surrender."
JERUSALEM/WASHINGTON/DUBAI (Reuters) - Iranor the first time, Iran uses the Fatah missile to strike Israeli sites.
and Israel launched fresh missile strikes on each other on Wednesday as the air war between the two foes entered its sixth day despite U.S. President Donald Trump's call for Iran's unconditional surrender.
The Israeli military said two barrages of Iranian missiles were fired toward Israel in the first two hours of Wednesday morning. Explosions were heard in the skies over Tel Aviv.
Israel asked residents of the Tehran area to evacuate so its air force could strike Iranian military installations. Iranian news websites also reported hearing explosions in Tehran and the city of Karaj, west of the capital.
Trump warned on social media on Tuesday that the United States' patience was running out. While he said there was no intention to kill Iran's Supreme Leader "at this time," his comments signaled a more hawkish stance toward Iran as he considers the possibility of increased US intervention.
He said on his platform, Truth Social, that the location of Iranian Supreme Leader Ali Khamenei is known, but “we will not eliminate him (kill him!), at least not for now,” adding, “Our patience is running out.”
Three minutes later, he wrote in a new post, “Unconditional surrender!”
A White House official said Trump spoke by phone with Israeli Prime Minister Benjamin Netanyahu on Tuesday.
Trump's contradictory and sometimes ambiguous messages about the conflict between Israel, a close US ally, and Iran, its archenemy, have deepened the uncertainty surrounding the crisis. His public comments have ranged from military threats to diplomatic initiatives, not uncommon for a president known for his erratic approach to foreign policy.
British Prime Minister Keir Starmer, speaking at the G7 summit in Canada, which Trump left early, said there was no indication the United States was about to intervene in the conflict.
A White House official said Trump met for 90 minutes with the National Security Council on Tuesday afternoon to discuss the conflict. The results of the meeting are not yet clear.
Three US officials told Reuters that the United States is deploying more fighter jets to the Middle East and expanding the deployment of other warplanes. The United States has so far taken only defensive measures in the current conflict with Iran, including helping shoot down missiles fired toward Israel.For the first time, Iran uses the Fatah missile to strike Israeli sites.
The Iranian Revolutionary Guard Corps announced on Wednesday that the 11th wave of Operation True Promise 3 used first-generation Fateh missiles.The Revolutionary Guards confirmed that "Iran's Fateh missiles penetrated Israeli defenses, giving it 'complete control' over Israeli airspace."A Revolutionary Guard statement indicated that "the powerful and maneuverable Fateh missiles penetrated Israel's defensive missile shield."The statement added: "The Fateh missiles carried Iran's message of power to Tel Aviv's delusional ally and warmonger." The Fateh is Iran's first hypersonic ballistic missile with a range of 1,400 kilometers, according to the Iranian news agency IRNA.The Revolutionary Guards first unveiled the Fateh missile in 2023.Among its specifications are its ability to maneuver in all directions, its stealth capabilities, and its ability to bypass radar systems.The missile's speed before hitting its target reaches between Mach 13 and 15.The missile is equipped with a solid-fuel spherical engine warhead.The missile can maneuver inside and outside the Earth's atmosphere to overcome enemy air defense systems.The missile is 13 meters and 60 centimeters long, and its diameter is approximately 80 centimeters.Sky Shield Over Black Gold: Iraq fortifies its oil fields with advanced defense systems - Urgent
In a move considered the first of its kind, the Iraqi government has begun deploying advanced Russian-made Pantsir air defense systems around several strategic oil fields in the south of the country, amid escalating regional threats and the growing threat of drones.Security expert Ahmed Al-Tamimi described this step as a “sound precautionary decision,” noting in an interview with Baghdad Today on Monday (June 16, 2025) that the scenes recently circulated by the media reveal a serious government approach to protecting the sources of national wealth.
Al-Tamimi added, "The oil fields are the backbone of the Iraqi economy, representing no less than 90% of its resources. Therefore, securing them against any external or internal threat is no longer a luxury, but rather a national necessity of the utmost importance."
Al-Tamimi warned of "the ease with which drones can be acquired by subversive and terrorist groups, which requires a reconsideration of traditional security plans adopted to protect vital installations." He emphasized that "the deployment of air defense systems is a sound start, but requires continued development, including the establishment of multiple protective rings around the fields."
Al-Tamimi concluded his statement by emphasizing that the current phase, with its geopolitical and regional complexities, requires redoubled efforts to secure the country's vital facilities and ensure continued production without threats.
The decision to deploy air defense systems around Iraq's oil fields comes amid escalating regional tensions, particularly following the escalation of mutual threats between Iran and Israel, and the growing possibility of the conflict spilling over into Iraqi territory, either directly or through regional proxies.
The Pantsir system discussed above is one of the most prominent short- to medium-range air defense systems. It is distinguished by its ability to intercept drones and cruise missiles, making it a suitable option for confronting modern and unconventional threats.
Given the Iraqi economy's near-total dependence on oil exports, any threat to the country's oil infrastructure represents a direct threat to the country's source of income and economic stability, which explains the seriousness of the government's recent moves in this direction.
Iraqi oil catches fire in the Gulf. Two tankers collide due to war interference – Reuterslink
Several news agencies, including Reuters, reported a rare collision between two oil tankers, one carrying Iraqi oil bound for China, due to heavy interference with navigation systems in the Gulf waters caused by the war. The collision led to the evacuation of 24 crew members by the UAE Navy. The Iraqi oil tanker is owned by a Norwegian company, while the second tanker, owned by an Indian company, was heading to the Suez Canal.
Two oil tankers collided near the Strait of Hormuz on Tuesday, causing both to catch fire amid increased electronic interference during the conflict between Iran and Israel. However, there were no reports of any crew members being injured or any leaks.
With Iran and Israel exchanging missile fire since Friday, the jamming has disrupted navigation systems near the vital sea route between Iran and Oman, through which about a fifth of the world's oil passes.
The UAE Coast Guard said on Tuesday it had evacuated 24 people from the oil tanker Adalin to Khorfakkan port after the incident, which occurred 24 nautical miles off its eastern coast.
Frontline, the Oslo-listed company that owns the second tanker, Front Eagle, confirmed that its crew members were safe and that no pollution was detected after a fire broke out on the ship. Frontline later told Reuters that it would investigate the incident, but that there were no indications of any external interference.
TankerTrackers.com, a tanker tracking service, reported that the Front Eagle was loaded with two million barrels of Iraqi crude oil and was en route to Zhoushan, China.
She added that the Adaline, a Swissmax-class tanker owned by Global Shipping Holdings of India, had no cargo on board and was sailing towards the Suez Canal in Egypt.
TankerTrackers.com reported via its X platform that the Front Eagle was moving south at 13.1 knots when it “turned to the right, resulting in a collision” with the Adaline, which was moving southeast at 4.8 knots.
China calls for de-escalation and warns: Threats are expanding the
conflict in the Middle East.
The Chinese Foreign Ministry called for de-escalation in the Middle East, stressing that escalation is not in anyone's interest.
The Foreign Ministry said: "Countries with influence over Israel must take immediate action to de-escalate tensions."
She added, "Threats and pressure will not contribute to calming the situation in the Middle East, but will rather expand the scope of the conflict."
She noted that China is communicating with its embassies and consulates in Iran and Israel to organize a rapid evacuation of its citizens.
Banking expert: The success of the economy requires national cooperation between the government and the Central Bank.
Banking expert Dr. Nabil Al-Abadi emphasized that "Iraq's economic future begins with reforming its financial system, and this represents the most important step toward building a modern, diversified, and stable Iraqi economy."
Al-Abadi said in a statement seen by Al-Masry on Tuesday, "Economic success requires national cooperation between the government, the Central Bank, banks, the private sector, and the international community."
He explained that "success in this path will have a tremendous multiplier effect on all aspects of the Iraqi economy, as it has contributed to attracting investment, revitalizing the private sector, creating jobs, integrating the informal economy, and combating corruption."
He explained that "the overall strategic importance of this approach lies in supporting economic diversification, as Iraq's economic vision to move away from oil cannot be implemented without a strong banking system that directs funding toward productive sectors—agriculture, industry, tourism, and technology—and contributes to attracting foreign direct investment.
Al-Maliki to the Iranian ambassador: Iraq stands by you.
The head of the State of Law Coalition, Nouri al-Maliki, stressed, today, Tuesday (June 17, 2025), that Iraq stands with the Iranian people in the face of any aggression that threatens their security and sovereignty.Maliki's office said in a statement received by Baghdad Today that "the head of the State of Law Coalition, Nouri al-Maliki, received in his office today the Ambassador of the Islamic Republic of Iran to Iraq, Muhammad Kazim Al-Sadiq."
The statement added that "the meeting discussed regional developments, particularly the recent Zionist aggression against the Islamic Republic of Iran, and the direct threat it poses to the security and stability of the region."
Al-Maliki expressed his "strong condemnation of this brutal aggression," stressing that "these provocative actions constitute a dangerous escalation that threatens dire consequences for regional and international peace and are inconsistent with international law and the United Nations Charter."
According to the statement, Al-Maliki stressed "the importance of strengthening cooperation among the countries of the region to confront common challenges, and the necessity of adopting dialogue and understanding as a means of resolving crises," emphasizing Iraq's support for the Iranian people in confronting any aggression that threatens their security and sovereignty.
For his part, the Iranian ambassador praised "Al-Maliki's supportive stance on Iran's right to defend its security," stressing "his country's keenness to strengthen bilateral relations and intensify joint consultations in light of current developments."
Under the TIR Agreement, Customs: An international shipment transits from the UAE to Poland via Iraq.
The General Authority of Customs announced, on Tuesday, the transit of an international shipment from the UAE to Poland, passing through Iraqi territory, within the framework of the TIR Agreement.
A statement by the Authority, received by the Iraqi News Agency (INA), stated that "the General Authority of Customs announced the transit of an international commercial shipment coming from the Emirate of Ras Al Khaimah in the United Arab Emirates and heading to the Republic of Poland, passing through Iraqi territory, within the framework of the implementation of the International Transport of Goods (TIR) Agreement."
The statement explained that "the shipment entered Iraq through the Trebil border crossing with the Hashemite Kingdom of Jordan, and continued its way through Iraqi territory to exit from the Ibrahim Al Khalil border crossing towards Turkey, and then to its final destination in Poland."
The statement stressed that "the tracking process was carried out using the GPS system throughout the shipment's transit period inside Iraq, without recording any delays or errors, in a step that reflects the effectiveness of the customs control system and the development of technical procedures."
Director General of the General Authority of Customs, Thamer Qasim Dawood, stated, according to the statement, that "this crossing represents a clear indication of Iraq's commitment to implementing international agreements and reflects its advanced position as a vital trade corridor in the region." He pointed out that "the Authority continues to support trade exchange in accordance with international best practices."
Dawood added, according to the statement, that "this achievement comes with direct support from the Prime Minister and the Minister of Finance, and embodies the government's efforts to strengthen customs infrastructure and facilitate cross-border transport operations to serve the country's economic interests."
For his part, the head of the Transit Department at the General Authority of Customs confirmed, "We work daily to facilitate the movement of transit shipments and ensure their flow within the approved legal and technical frameworks. This crossing has constituted an integrated model for port cooperation and the implementation of an electronic tracking system, which enhances the confidence of international partners in transit routes within Iraq."
Warnings of serious repercussions after an Iraqi oil tanker catches fire near Hormuz
Economist Nabil Al-Marsoumi warned on Tuesday (June 17, 2025) of serious economic repercussions following the burning of a tanker carrying Iraqi oil near the Strait of Hormuz, stressing that continued tensions in the region threaten Iraq's oil security and directly impact financial revenues.
Al-Marsoumi said in a clarification, followed by "Baghdad Today," that "today's incident confirms the fragility of Iraq's supply chains and reflects the growing threat to oil exports in light of the military escalation and electronic interference in the Gulf region." He added that "Iraq does not have immediate alternative options for exporting oil in the same quantities, which makes its economy vulnerable to severe external fluctuations."
Al-Marsoumi's remarks come after two oil tankers collided near the Strait of Hormuz, sparking a fire on a tanker called the Front Eagle, which was loaded with two million barrels of Iraqi crude oil and bound for the port of Zhoushan in China, according to TankerTrackers.com, a tanker tracking service.
The incident occurred amid increasing electronic interference with maritime navigation systems amid military escalation between Iran and Israel, disrupting navigation in the waterway through which approximately one-fifth of global oil exports pass.
Banking reform: towards a more efficient banking structure
Financial sector experts unanimously agree on the importance of proceeding with a comprehensive restructuring of the state-owned banking sector, a move overseen by the Central Bank in collaboration with the global consulting firm Ernst & Young. The process includes the restructuring of six out of seven state-owned banks, in response to directives from Prime Minister Mohammed Shia al-Sudani as part of financial and banking reform efforts.
This step is seen as part of a broader government program to modernize the banking sector, improve its efficiency, and increase its competitiveness, which will positively impact economic development and enhance investor confidence in the Iraqi financial system.
Experts believe this approach represents one of the most important economic decisions of the current decade and is the cornerstone of any genuine economic reform.
Advisor to the Prime Minister, Dr. Saleh Salman, said: "The restructuring of the government banking sector represents a step toward changing the course of performance in Iraq and will help stimulate the national economy, as the financial sector represents the primary axis of economic recovery and the effective driver of the labor market."
Salman confirmed to Al Sabah that "banking reform will have a clear positive impact and enhance the financial products offered to the public, especially since the reform process is being undertaken in cooperation with reputable international companies that hold significant sway in the global financial arena."
comprehensive restructuring
During his participation in the Iraq-British Business Council conference in London recently, Dr. Saleh Salman confirmed that a comprehensive restructuring of the banking sector is being implemented with the help of leading international consulting firms. He also announced that the Iraqi government is cooperating with Ernst & Young to restructure six of the country's seven state-owned banks, including the Industrial Bank, the Real Estate Bank, Rafidain Bank, and Rashid Bank.
International standards
The government advisor noted that the Trade Bank of Iraq (TBI) signed separate contracts with K2i and KPMG to help restructure its internal and external operations to meet international standards, and that the private banking sector will undergo reforms following the signing of a contract between the Central Bank of Iraq and Oliver Wyman.
Salman pointed out that Iraq has made significant progress in adopting electronic payment systems, with financial inclusion rising from less than 10 percent in 2018-2019 to approximately 40 percent currently. The number of point-of-sale devices has reached 60,000-70,000, while the number of bank accounts has increased. To 22-23 million.
Restructuring plan
Dr. Salman also revealed that Rafidain Bank, the largest government institution in Iraq, will be transformed into Rafidain First Bank, with the government's stake reduced to less than 24 percent. The remaining shares will be offered to private banks and international investors. The restructuring plan is expected to be completed and approved by the Iraqi government by the end of the year.
Strong banks
Financial expert Dr. Mustafa Akram emphasized the importance of restructuring government banks, describing it as one of the most important decisions issued since 2003. He noted that this approach will produce strong, well-established banks.
He explained that the financial sector requires solid banks capable of opening accounts with major international banks such as Citibank, JPMorgan, and others, facilitating global financial transactions.
financial system
For his part, banking expert Dr. Nabil Al-Abadi considered the government's move to restructure the Iraqi banking sector one of the most important economic decisions of the current decade and a cornerstone of any genuine economic reform. He noted that it is not merely a regulatory change, but rather a necessary revolution to lift the financial system out of its current state and enable it to lead the desired economic development.
Al-Abadi told Al-Sabah that Iraq's economic future begins with reforming its financial system, and that this represents the most important step toward building a modern, diversified, and stable Iraqi economy. He explained that its success requires national cooperation between the government, the Central Bank, banks, the private sector, and the international community.
Attracting investments
Al-Abadi warned that the comprehensive restructuring of the Iraqi banking sector is not a luxury option, but rather an absolute necessity for Iraq's economic survival and progress. He also noted that it is a major surgical operation that requires boldness, wisdom, careful planning, and decisive implementation. He added that success in this process will have a tremendous multiplier effect on all aspects of the Iraqi economy, as it has contributed to attracting investment, revitalizing the private sector, creating jobs, integrating the informal economy, and combating corruption.
Strategic projects
The spokesman emphasized that the expected restructuring and its importance require merging private banks and transforming them into strong banks, with the goal of creating large banking entities with significant capital. These entities are capable of financing strategic projects (energy, infrastructure, and industry), better handling risks, reducing operating costs, and enhancing financial stability. This will lead to the creation of strong and efficient banks.
economic diversification
He explained that the overall strategic importance of this approach lies in supporting economic diversification, as the Iraqi economic vision to move away from oil cannot be implemented without a strong banking system that directs financing towards productive sectors such as agriculture, industry, tourism, and technology, and contributes to attracting foreign direct investment, as international investors require the existence of a sound, transparent, and advanced financial system to ensure the ease of transferring funds. And protect their investments.
Iran hit by sudden bank closures and blackouts, shocking locals
As Iran suffers power outages and banking failures amid missile strikes, crypto voices urge citizens to ditch fiat for Bitcoin.While Israel and Iran step into day five of extraordinary missile battles, many Iranians are experiencing serious disruptions to their ordinary lives, including their ability to obtain cash. Since Operation Rising Lion began on June 13, aerial bombs and missile bombardments have damaged power grids and internet links throughout Iran.
On June 15, Iran International reported that many of Tehran's bank ATMs had gone offline, leaving residents unable to access cash.
Bitcoin proponent Alex "@AlexesNakamoto" raised the alarm on 17 June on X. He said, "Don't keep your life savings in printable fiat controlled by banks and governments. There's a better way. The Bitcoin way."
Just in: Iran – ATMs and card readers are reportedly down. People are afraid of losing their life savings. Opt out. Don’t keep your life savings in printable fiat controlled by banks and governments. There’s a better way. The Bitcoin way. And yes… we told you so.Iran's crypto memories
According to a 2019 Cointelegraph report, after LocalBitcoins, a cryptocurrency exchange, halted Iranian users, the site experienced a 190% increase in peer-to-peer Bitcoin trading volumes in just one week. This was a significant increase for Iran's crypto users, who had relied on the site when traditional banking options were more limited.
Further, according to the Global Crypto Adoption Index dated September 2020, Iran ranked 52nd in global peer-to-peer crypto transfer volume.
Bitcoin demand in Iran peaked in 2018, when the Iranian rial was being heavily devalued, with Bitcoin prices exceeding $34,000 on local peer-to-peer (P2P) platforms, according to reports.
Iran's missile attacks, motivated in direct response to Israel's bombs targeting national symbols, with Natanz being a nuclear facility, have launched missile salvos that damaged national infrastructure, more than just physical "battlefield" capability.
Citizens continue to stay in the dark as rolling blackouts persist, and many ATMs are offline. This could motivate citizens to "opt out" of state-controlled fiat in the future. However, no official reports on the use of crypto have been noted so far.
Hardware wallets like Ledger, which store crypto safely offline, could be useful in such situations. Devices like the Ledger Nano could provide a critical layer of security and access, especially in a country where financial surveillance and instability often go hand in hand.
With tensions between Israel and Iran escalating, the global crypto market has declined by 3.44%, and Bitcoin has dropped to $103,000 at press time, according to Kraken's price page.
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For Today June 18 25
US President Donald Trump said that next week will be "very great" and that they have made significant progress, without specifying the nature of this, during remarks he made at a press conference. He added that bad things can happen and that several turning points can occur during this week.
Donald Trump's statements during a press conference:
Trump: Nothing is over until it's over, and wars are very complicated.
Trump: A lot of bad things can happen, and there can be many twists and turns.
Trump: Many bad things and events can happen, and many turning points can occur during them.
Trump: I wouldn't say we want anything yet, but we're confident we've made significant progress.
Trump: Next week will be very great, and we may achieve something in less than a week, or maybe less than that.
Trump has a plan for Iran and confirms: I make my decisions at the last minute
US President Donald Trump confirmed on Wednesday that he has plans regarding Iran, indicating that he made his decisions at the last minute.
In response to a question about the existence of a plan for what happens after the fall of the Iranian regime, US President Donald Trump added: “We have a plan for everything, but we have to wait and see what happens.
” He stressed that he does not want to get involved in a war with Iran and announced that he will meet in the White House emergency room shortly. He pointed out that the Chief of Staff is following what is happening between Israel and Iran, explaining that he has not yet made a final decision regarding Iran and has not closed the door to negotiations with it.
Iran is using a new missile to strike Israel. What do you know about the Sejjil missile?
Used for the first time... The Revolutionary Guards: "Sejjil" missiles are a message to the enemy
The Public Relations Department of the Iranian Revolutionary Guard announced today, Wednesday, June 18, 2025, that it had used long-range ballistic missiles for the first time in its attack on Israel today.
The Revolutionary Guards said in a statement that "the solid-fuel, long-range Sejjil missiles are among Iran's most accurate and powerful strategic weapons, and have a high capacity to penetrate and destroy vital enemy targets."
He explained that "this phase of the operation is part of a series of decisive and ongoing responses by Iran to the aggressive attacks of the Zionist entity, and carries a clear message expressing the precision, strength, and will of the Islamic Republic in confronting any potential threat."
Trump issues Iran ultimatum, giving it 24-48 hours to avoid a US strike.
"Leave the enrichment"
Reuters reported on Wednesday (June 18, 2025) that US President Donald Trump had issued a stern warning to Iran, giving it 24 to 48 hours to respond.
The ultimatum requires Tehran to abandon uranium enrichment, or the United States will launch a military strike against it.
The New York Times revealed that Israeli Prime Minister Benjamin Netanyahu informed US President Donald Trump, in a phone call on June 9, that a military operation against Iran was imminent and that "Israeli special forces were already inside Iranian territory." According to
the newspaper, Trump expressed admiration for "the brilliance of Israeli military planning," but did not make any direct commitment during the call. He later told his advisors, "I think we may have to help him."
He noted that "President Trump has begun to lose patience with Iran in recent weeks due to the slow pace of negotiations, and has begun to believe that these talks may not lead to any results."
Parliamentary source: Al-Mandlawi is the prime suspect in the 2024 budget manipulation case
An informed parliamentary source revealed, on Wednesday, the involvement of First Deputy Speaker of Parliament Mohsen Al-Mandalawi in the case of tampering with the 2024 budget tables, indicating that there is a large financial difference of up to 15 trillion dinars between the tables sent by the government and those voted on by Parliament.
The source, who preferred to remain anonymous, told Al-Maalouma Agency, “The parliamentary investigations into the tampering with the 2024 budget tables were obstructed by the direct intervention of Mohsen Al-Mandalawi, who exploited his position as acting Speaker of Parliament at the time to pressure the investigation, due to his direct involvement in the case.”
He explained that "the investment committee asked the Finance Committee to provide it with all documents related to the financial tables, and the Finance Committee responded and provided what was requested, but the investigations were stalled and their results have not yet been revealed."
The source stressed that "manipulating the schedules represents a serious violation, especially in light of the absence of final accounts, which opens the door to unaccountable financial transfers and gives multiple parties the opportunity to act without real oversight."
It is noteworthy that economic experts had previously warned of the danger of manipulating budget schedules, given the lack of transparency and the failure to submit final accounts, which reinforces fears of systematic financial corruption within state institutions.
Will Iraq enter the war in the region? Al-Araji explains Tehran's position and the future of the political system.
In an interview with the Al-Noqta program on Al-Furat satellite channel, Al-Araji said, "The scarcity of official Iraqi statements does not mean a lack of a position," stressing that "the Prime Minister is conducting intensive contacts with regional and international parties as part of an initiative aimed at containing the crisis at a time when Iraqi diplomacy is moving along multiple tracks."
He warned that "the United States' entry into the war could lead to the price of oil rising to $200 a barrel, which would severely damage the American economy." He suggested that "Washington would not participate in any direct military escalation against Tehran, even though the target of the war is the leader of the Islamic Revolution in Iran, Sayyed Ali Khamenei," ruling out "the possibility of his assassination."
Al-Araji pointed out that "Iran possesses significant military capabilities and is entering the confrontation from a position of strength, while Iraq does not possess even 10% of those capabilities, which requires the country to adopt a neutral stance. This is what the majority of clerics have called for, especially since the war has become technological and Iraq lacks these capabilities."
He explained that "the Iraqi factions 'understand Israel's game' and put Iraq's interests first. They are independent decision-makers and will not be dragged into the war. They have decided not to enter the war." He stressed that "Iraq's stability serves Iran more than its participation in the conflict," denying "the existence of any threats targeting Iraqi figures and leaders."
Regarding the internal situation, Al-Araji asserted that "the political system will not collapse despite the terrorist accusations leveled against some leaders of the Coordination Framework," considering them "merely pressure cards due to their opposition to American interests and not based on any real reasons."
He explained that the withdrawal of some US embassy employees in Baghdad was due to financial reasons related to cost reductions, given what he described as the "distinguished" relationship between the Iraqi government and the US administration. He emphasized that "there is no crisis in employee salaries, and they are fully secured, and that Iraq possesses the highest financial reserves since the founding of the state. However, the crisis lies in the abundance of cash, not in the reserves."
Al-Araji criticized the extraordinary session of Parliament, considering its decision "worthless." He added that the Commander-in-Chief of the Armed Forces should have been summoned to support the government's decision, as well as to explain what would happen next.
On the issue of positions, he considered that "the three presidencies are settled by custom and the constitution, and that the ambitions of some Sunni politicians for the prime ministership "do not reach the street," as he put it. He pointed out that "Halbousi's running on a solo list in Baghdad prompted some to pressure Nouri al-Maliki to run in the elections."
Al-Araji revealed harmony within the Coordination Framework forces, which met with Prime Minister Mohammed Shia al-Sudani, saying that "a second term for al-Sudani is very possible."
Regarding the electricity issue, he noted that "the Iranian crisis will further complicate matters, but Iraq's financial situation is strong, with banks expected to be fully funded in the coming period."
Regarding the water crisis, Al-Araji concluded by saying, "Iraq will not reach the stage of 'water scarcity,'" calling on the government to "make greater efforts to address this vital issue."
One of the vessels was carrying Iraqi oil. The UAE issues a clarification regarding the collision between the two ships.
The UAE Ministry of Energy and Infrastructure revealed on Wednesday the causes of the accidental collision between two ships in the Sea of Oman, confirming that misjudgment of one of the vessels' navigation routes was responsible for the incident.
The ministry said in a statement that "the competent authorities received a report at 1:30 a.m. on Tuesday, June 17, 2025, regarding a collision between two ships, one of which was a tanker called (ADALYNN) flying the flag of Antigua and Barbuda, and the other a cargo ship called (FRONT EAGLE) flying the flag of the Republic of Liberia."
She added, "The incident resulted in limited superficial damage to the outer hull of the two ships, a minor oil leak, and a fire in one of the ships' fuel tanks. The competent authorities dealt with the fire and extinguished it. No injuries were reported among the crew members."
The ministry confirmed that "the technical investigation is underway in coordination with the relevant international authorities, within the framework of transparency and in accordance with the highest international maritime standards," noting that "a safe evacuation operation was carried out for the 24 crew members of the oil tanker (ADALYNN), and their safe transfer to Khorfakkan Port via search and rescue boats of the National Guard's Coast Guard and the relevant maritime authorities."
Reuters reported yesterday that two oil tankers, one of which was carrying Iraqi oil bound for China, collided due to the intense interference with navigation systems in the Gulf waters caused by the war.
Iraqi finance figures show a "soft rentier" economy. Are there alternatives?
An Iraqi economist warned on Wednesday against the country's continued reliance on a rentier economy, noting that it "creates a consumer society" and weakens the national production base.
Mohammed al-Hasani told Shafaq News Agency, "A rentier economy is usually weak and produces a consumer society dominated by the import sector, with little interest in manufacturing industries. This is what applies to Iraq."
Al-Hasani called on the Iraqi government to "work and strive to develop Iraq's industrial production sectors and diverse agriculture in order to stimulate the country's foreign trade sector and achieve the highest possible financial revenues that contribute to achieving the highest returns for the national income and the Iraqi state treasury."
The Iraqi Ministry of Finance revealed that federal budget revenues from January to March 2025 exceeded 27 trillion dinars, with oil accounting for 91% of total revenues.
Tables issued by the Ministry of Finance in June for the first quarter of the year, monitored by Shafaq News Agency, showed that oil remains the primary source of revenue for the general budget, reinforcing the rentier nature of the Iraqi economy.
According to the ministry's data, total revenues amounted to 27 trillion, 248 billion, 764 million, 196 thousand, and 554 dinars, while total expenditures amounted to 26 trillion, 662 billion, 428 million, 661 thousand, and 44 dinars.
Oil revenues alone amounted to 24 trillion, 911 billion, 906 million, and 926 thousand dinars, equivalent to 91% of total revenues, while non-oil revenues amounted to 2 trillion, 336 billion, 857 million, and 269 thousand dinars.
In March 2021, the Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, explained to Shafaq News Agency that the reasons behind the Iraqi economy remaining rentier are due to the wars and economic blockades of the past decades, in addition to the current political conflicts that have squandered economic resources.
Saleh added that the country's continued reliance on oil as its sole source of revenue makes Iraq vulnerable to global crises that impact oil prices, forcing the country to repeatedly resort to borrowing to cover its deficit. This reflects weak financial management and an inability to develop effective financing alternatives.
Maliki warns of ‘serious consequences’ as Israel-Iran conflict enters fifth day
Nouri Al-Maliki, former Iraqi PM and head of the State of Law Coalition, met with Iranian Ambassador to Iraq Mohammad Kazem Al Sadeq on Tuesday to discuss what both described as “Zionist aggression” against Iran.
A statement from Al-Maliki’s media office said the former prime minister condemned the attacks, calling them “a dangerous escalation that portends serious consequences threatening regional and international peace.”
Al-Maliki emphasized the need for regional cooperation and called for “dialogue and understanding” as a solution to crises. He also expressed Iraq’s support for the Iranian people “in confronting any aggression.”
Few days ago, Al-Maliki called on what he described as “the Islamic nation” to stand with Iran in its confrontation with Israel, describing the conflict as a broader struggle between “the path of Ali and the path of Zionism.” Ali Ibn Abi Talib was the cousin and son-in-law of the Prophet Muhammad and is recognized as the fourth caliph in Sunni Islam and the first imam in Shia Islam.
Statement from Al-Maliki’s media office:
The head of the State of Law Coalition, Nouri Al-Maliki, received today at his office the Ambassador of the Islamic Republic of Iran to Iraq, Mohammad Kazem Al Sadeq.
The meeting discussed developments in the regional situation, particularly the recent Zionist aggression against the Islamic Republic of Iran, and the direct threat it poses to the security and stability of the region.
Al-Maliki strongly condemned this brutal aggression, stressing that such provocative actions represent a dangerous escalation that portends serious consequences threatening regional and international peace, and contradict international law and the United Nations Charter.
Al-Maliki emphasized the importance of strengthening cooperation among the countries of the region to confront common challenges, and the necessity of adopting dialogue and understanding as a means to resolve crises. He affirmed Iraq’s support for the Iranian people in confronting any aggression that threatens their security and sovereignty.
For his part, the Iranian ambassador appreciated Al-Maliki’s position in supporting Iran’s right to defend its security. He affirmed his country’s keenness to enhance bilateral relations and intensify joint consultations in light of current developments.
Source: US aircraft transported personnel from Victoria and Ain al-Assad to the Gulf
Al-Masala: A security source reported on Wednesday that a US aircraft transported personnel from the Victoria and Ain al-Assad bases to Qatar and Kuwait.
The source said, "At dawn today, a plane transported non-essential employees from the Victoria base at Baghdad airport. It then headed to the Ain al-Asad base to evacuate employees, and then headed to Qatar or Kuwait."
Last Wednesday, the US State Department announced the evacuation and downsizing of the US mission in Iraq, with the evacuation of non-essential staff and civilians from US bases and the embassy in Baghdad. This announcement came two days before Israel launched a military attack on Iran on Friday.
As the war escalates, Pezeshkian sends a message to the Emir of Qatar.
The Qatari Ministry of Foreign Affairs announced that the Emir of Qatar received a letter from Iranian President Masoud Pezeshkian on Wednesday. The details or content of the letter were not published. Reuters reported that Qatar is among the countries that called on Washington to pressure Israel to cease fire and resume nuclear negotiations with Tehran
Khamenei: We will never surrender, and any American intervention will cause irreparable damage.
Iranian Supreme Leader Ali Khamenei, in response to Trump's warning of Iran's "unconditional surrender," said: "Wise people who know Iran, its people, and its history do not address this nation in the language of threats, because the Iranian nation cannot surrender to them."
The Americans must know that any military intervention by them will undoubtedly lead to irreparable damage.”
Airspace closure threatens Iraq’s religious tourism economy, adviser to PM warns
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Iraq could face daily economic losses of up to $10 million if air travel disruptions persist and religious tourism declines, Mazhar Muhammad Salih, financial adviser to the prime minister, said in remarks to the Iraqi News Agency.
“The tourism sector, especially religious tourism in Iraq, occupies a leading position,” Salih said. “Unofficial estimates indicate that religious tourism alone generates between $5 million and $10 million per day for Iraq during peak seasons.”
Religious tourism plays a critical role in Iraq’s economy, particularly during major Shia Muslim observances that draw millions of pilgrims annually. Key pilgrimage destinations include the holy cities of Najaf, Karbala, and Samarra, with large crowds gathering for events such as Ashura and Arbaeen.
Salih warned that ongoing disruptions to air travel could lead to “direct daily losses ranging from $3 million to $5 million at least, not to mention the indirect effects on tourism work chains, such as hotels, restaurants, transportation, artisans, and others.”
The Iraqi Civil Aviation Authority suspended all flights on Friday following intensified missile and drone activity linked to the conflict between Israel and Iran. Since then, the country’s airspace has remained closed, with limited exceptions for repatriation flights operating through Basra International Airport to bring stranded Iraqi nationals home.
Mazhar Salih’s statement to Iraqi News Agency:
The tourism sector, especially religious tourism in Iraq, occupies a leading position in both the archaeological and religious arenas, and drives the chains of tourism-related work.
Unofficial estimates indicate that religious tourism alone generates between 5 to 10 million dollars per day for Iraq during peak seasons.
Any suspension in air traffic or a 50 percent decline in visitor numbers could lead to direct daily losses ranging from 3 to 5 million dollars at least, not to mention the indirect effects on tourism work chains, such as hotels, restaurants, transportation, artisans, and others.
Calling on the relevant official entities to intensify international reassurance messages that the situation in Iraq is stable, especially in tourist cities, and that security in airports and tourist areas and cities is at a high level of stability, calm, and safety.
There is a need of launching intensive and reassuring media campaigns in this regard, which requires proactive diplomacy and well-studied and urgent reassurance messages without delay.
Government advisor: A positive oil price shock reduces the budget's need for borrowing.
Saleh explained to Al Furat News Agency that "the average oil price decline of $10 per barrel of exported oil from the levels of the beginning of the current year 2025 has returned to witness an increase to its previous stable conditions before the decline, and within a few days, with an increase estimated at about $10 per barrel of exported crude oil, and in an opposite manner under the influence of the positive oil price shock."
He added, "This will undoubtedly reduce the general budget's need for large-scale actual borrowing if public spending is based on the annual minimum of 160 trillion dinars per year, and at an average annual oil price of $75 per barrel. This means covering operating and investment expenses relatively comfortably if the oil barrel maintains an annual average that exceeds or approaches the aforementioned average increase in exports throughout the current fiscal year. This is an activity for the general budget in 2025 that is similar to the spending developments that occurred in 2024."
Saleh pointed out that "what we see is that the current high price structure will likely stabilize without declining even if hostilities between the two parties to the ongoing conflict in the Middle East cease. This is due to the influence of hedging factors and the buildup of fossil fuel stocks at the global level, in addition to the rapid expiration of the downward cycle of oil assets after taking its current stable form and maintaining balance in energy markets under the influence of the continued multiplicity of geopolitical tensions in more than one place in the global energy demand belts."
He stressed that "this does not preclude diversifying non-oil revenue sources in a transparent and more governed manner, and imposing discipline on any unnecessary expenditures that can be postponed at the present time, in light of the policy."
The President and Prime Minister affirm Iraq's categorical rejection of any violation of its sovereignty.
President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister, Mohammed Shia Al-Sudani, affirmed during their meeting in Baghdad, on Wednesday, Iraq's categorical rejection of the violation of its sovereignty by the Zionist entity, and the endangerment of its airspace in light of the recent regional escalation.
According to a statement issued by the Prime Minister's media office, received by Mawazine News, during the meeting, the general situation in the country and security developments in the region were discussed as a result of the continued Israeli aggression against the Islamic Republic of Iran, and the widespread threat it poses to the security and stability of the region and the world.
The statement added that "Iraq supports all legal and diplomatic steps taken by the government to protect its sovereignty, including resorting to international bodies and working to resume negotiations between Tehran and Washington as a way to reduce tensions."
The meeting also witnessed an emphasis on the importance of national unity and the solidarity of all political and social forces to support the state's efforts in confronting the increasing challenges resulting from regional developments.
Al-Sadr calls for demonstrations after Friday prayers under the slogan: No, no, America, no, no, Israel.
Shiite National Movement leader Muqtada al-Sadr called on Wednesday for demonstrations next Friday to denounce the violation of Iraqi sovereignty and Israeli attacks.
“Based on religious, ideological and humanitarian motivations, it is necessary to hold peaceful, organized demonstrations after Friday prayers, which will be unified in each governorate center separately, in denunciation of Zionist and American terrorism, its colonial expansion and hostility towards peoples and religions, and the massacres and attacks it is committing against Arab and Islamic countries, such as the attacks on neighboring Iran, Palestine,
Lebanon, Syria and Yemen,” Sadr said in a post on the X platform, followed by Iraq Observer. “We are inspired by the approach of our reference, Al-Sadr, where he said: No, no, Israel and no, no, America, as it is the primary driver of all wars in the world, and even in denunciation of the violation of our internationally prohibited Iraqi airspace, which will be harmful to the people, their sanctities and their constants.”
He added, "We call upon the specialists to carry out their duties regarding this (peaceful) demonstration, without involving the corrupt in it.. God Almighty said: Or should We treat those who believe and do righteous deeds like corrupters in the land, or should We treat the righteous like the wicked?"
He stressed, "I repeat His words, may His Holiness be glorified, in their essence: Do not say anything and do nothing except after consulting your seminary and your scholars."
The United States is moving military assets in the Middle East exposed to a potential Iranian attack.
Two US officials revealed that the US military has moved some aircraft and ships from bases in the Middle East that could be vulnerable to a potential Iranian attack.
Two US officials told Reuters that this move is part of a plan to protect US forces. The officials declined to disclose the number of aircraft and ships being moved and their destination.
An official added that US Navy ships were transported from a port in Bahrain, where the US Fifth Fleet is based, while aircraft not in hardened shelters were transported from Al Udeid Air Base in Qatar.
"This is not an uncommon practice. Protecting the forces is the priority," he explained.
This comes as the world awaits Donald Trump's actual position on whether the United States will join Israel in bombing Iranian nuclear and missile sites, while Tehran residents flee their homes on the sixth day of the airstrikes.
Israel has been conducting an airstrike campaign since last Friday after saying it had concluded that Iran was on the verge of developing a nuclear weapon. Iran denies seeking nuclear weapons.
Iran's ambassador to the United Nations in Geneva said on Wednesday that Iran had informed Washington that it would respond firmly to the United States if it directly participated in the Israeli military campaign.
Al-Sudani declares 2025 the year of Iraqi industry.
Prime Minister Mohammed Shia al-Sudani announced that 2025 will be the year of Iraqi industry, in a new confirmation of the government's progress with its plans to support national industry and achieve self-sufficiency in vital sectors such as food and energy.
This came during his inauguration, yesterday, Wednesday, of a group of strategic industrial projects in Babil Governorate, which included the mills of the Union Company for the production of zero flour in the Madhatiyah district, which were completed in only (11) months, with a production capacity of up to one million tons annually, which covers about (50%) of the local market’s need and reduces dependence on importing flour, which used to cost the country more than (750) million dollars annually.
The Prime Minister emphasized that "these projects represent a clear example of the government's approach to supporting the manufacturing and food industries, through effective partnerships with the private sector and providing an appropriate investment environment."
Al-Sudani also launched the executive works of the Diwan factory for the production of transformers, cables and smart meters, which is a strategic project to localize electrical industries, and is being implemented with the latest technical specifications with a budget of up to (300) million dollars.
Al-Sudani said: “I announce that the year 2025 will be the year of Iraqi industry, and we are continuing to open major industrial projects and lay the foundation stone for new factories, in the belief that the national economy cannot rise without a strong national industry.”
He pointed out that the government is working to enhance food and energy security and reduce dependence on foreign resources, especially in light of the current global crises, stressing that Iraq possesses the capabilities and competencies that will enable it to rise again as a regional industrial power.
The Prime Minister explained that Babylon Governorate is on the verge of a qualitative transformation in the field of industry, as it includes more than (2000) operating factories, in addition to the government’s readiness to declare it an integrated industrial city after completing the requirements for establishing new industrial cities in it, with support from the federal government.
Al-Sudani concluded by saying, "We strongly support the loyal people of Iraq who are shaping the industrial future, and we are working to remove all obstacles facing the industrial sector, so that it can be the primary driver of economic growth and job creation."
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