What will happen to Iraq's oil revenues in Washington? An expert responds.
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At a time when concerns are rising about the impact of tensions and war in the region on the mechanism of financial transfers, and the possibility of this affecting the flow of oil revenues to Iraq.
In this context, oil expert Hamza Al-Jawahiri explained to Al-Furat News Agency that: “Iraq’s entitlements with the US Federal Reserve are fixed,” noting that “there are no sanctions imposed on Iraq as happened with Russia or Iran.”
Al-Jawahiri added, "Iraq is a friendly country to the United States and has security agreements with it, which means there will be no interruption in the transfer of Iraqi funds."
Pakistan continues its mediation efforts between Washington and Tehran amid escalating conflict.
Despite the war entering its sixth week, Pakistan continues its diplomatic efforts to push the United States and Iran toward negotiations, while Tehran has stressed its commitment to defending its national sovereignty.
Iranian Foreign Minister Abbas Araqchi, during a telephone call with his Pakistani counterpart Mohammad Ishaq Dar on Saturday evening, affirmed his country's appreciation for Islamabad's efforts, but stressed that Iran is "determined to defend itself with all capabilities," describing the targeting of infrastructure, peaceful nuclear facilities, hospitals and schools as "war crimes."
For his part, the Pakistani Foreign Minister reviewed the steps his country is taking to stop the war and restore stability to the region, stressing the importance of continuing consultations to achieve this goal.
Araqchi had previously denied that his country had refused to participate in talks through the Pakistani mediator, explaining that any negotiations must guarantee a “final and permanent end to the war.”
This comes as US President Donald Trump continues to pressure Tehran, giving it until April 6 to reach an agreement and reopen the Strait of Hormuz, threatening to "open the gates of hell" if it does not comply. Iran responded by warning that "the gates of hell will be opened on US forces."
Reports indicate that Washington presented a 15-point plan to end the war, including giving up nuclear weapons, handing over highly enriched uranium, and limiting the missile program, while Tehran put forward five conditions, most notably paying compensation and ending the war permanently with international guarantees.
Axios: US, Iran and mediators push for 45-day ceasefire
Axios quoted four informed American, Israeli, and Middle Eastern sources as saying that the United States, Iran, and a group of mediators from the region are discussing the terms of a possible 45-day ceasefire that could lead to a permanent end to the war.
The report indicated that mediators are discussing the terms of a two-stage agreement, with the first stage being a possible 45-day ceasefire during which negotiations will take place to end the war permanently.
The report stated that the second phase would be an agreement to end the war.
He added that the ceasefire could be extended if more time was needed for negotiations.
US President Donald Trump told the Wall Street Journal on Sunday that the deadline he gave Iran to open the Strait of Hormuz or face attacks on vital infrastructure expires Tuesday evening.
The Foreign Minister thanks Iran for exempting Iraq from the conditions for its oil tankers to pass through the Strait of Hormuz.
Foreign Minister Fuad Hussein expressed his gratitude to Iran for allowing Iraqi oil tankers to pass through the Strait of Hormuz.
A statement from the Ministry of Foreign Affairs, a copy of which was received by Iraq Observer, said: Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received the Iranian Ambassador to Iraq, Mohammad Kazem Al-Sadegh. During the meeting, the Minister expressed his gratitude for allowing the passage of tankers carrying Iraqi oil through the Strait of Hormuz, noting the importance of continuing this cooperation in the near future.
Mechanisms for joint cooperation between the two sides were also discussed to ensure the implementation of this commitment in a way that serves mutual interests.
For his part, the Iranian ambassador reviewed his country’s position on the latest developments related to the war, while the meeting also addressed regional conditions and their repercussions.
Hussein emphasized Iraq’s firm policy of rejecting war and the need to end it, stressing the importance of resolving conflicts through dialogue and peaceful negotiations.
He also pointed out that the region needs to adopt an approach based on open and rational dialogue, which will enhance opportunities for cooperation between regional countries and achieve common stability.
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A Kurdish delegation arrives in Baghdad to discuss salaries and the implementation of ASYCUDA.
A Kurdish delegation arrives in Baghdad to discuss salaries and the implementation of ASYCUDA.
All eyes are on an upcoming round of talks between the federal government and a delegation from the Kurdistan Region, amid efforts to address outstanding financial and economic issues, primarily employee salaries and mechanisms for regulating customs operations. This coincides with the implementation of modern systems designed to standardize procedures and enhance monetary stability in the country. A source in the regional government stated that a delegation comprising Omid Sabah, Amanj Rahim, and Abdul Hakim Khosrow arrived in Baghdad to hold talks with the Ministerial Council for the Economy, in the presence of Finance Minister Taif Sami, followed by a series of other meetings.
The source added that the discussions will focus on two main issues. The first concerns the March salaries of the region's employees, where Baghdad will be informed that local revenues in Kurdistan have declined, with current collections amounting to only 50 to 60 billion dinars. The Kurdistan Region will express its readiness to hand these funds over to the federal Ministry of Finance.
The source indicated that a decision on this matter is expected during the cabinet meeting scheduled for Tuesday. He added that the second file will address the ASYCUDA automated system for customs data, and discussions will be held with the federal government to reach a technical mechanism for implementing this system in Kurdistan as well.
For his part, the Director General of the Customs Authority, Samer Qasim Dawood, announced that the advance customs information system has been implemented at the Ibrahim Khalil border crossing, with traders receiving dollars at the official exchange rate. Dawood stated that the advance customs information system has been implemented for importing food, medicine, and medical supplies through the Ibrahim Khalil border crossing. He explained that this step comes after years of discussions and coordination between the federal and regional governments to unify customs procedures.
SOMO requests its customers to specify oil loading times within 24 hours.
A document seen by Reuters shows that Iraq's state oil marketing company SOMO has asked its customers to submit oil loading schedules within 24 hours, following reports that Iraq has been exempted from restrictions on oil transit through the Strait of Hormuz .
According to the document, which was reviewed by Al-Sa’a Network, the company confirmed that “the loading ports, including the Basra Oil Port and its associated facilities, are still operating at full capacity, and that it is ready to implement all contracted loading programs without restrictions.”
SOMO called on its customers to "provide it with shipping schedules within the specified timeframe, including identifying the vessels and quantities, to ensure the continuity and stability of crude oil export operations and to address loading programs in a timely manner."
This comes at a time when the market is anticipating the resumption of Iraqi oil exports, which could contribute to raising production after it fell last month to about 800,000 barrels per day, amid continued doubts in the market about the willingness of some ship owners to send their tankers to the Gulf in light of the US-Israeli war on Iran .
First Iraqi oil tanker makes its way through the Strait of Hormuz
loomberg reported on Sunday that the first Iraqi oil tanker had crossed the Strait of Hormuz, following Iran's announcement that it had granted Iraq a special exemption allowing it to use the waterway despite restrictions imposed on most countries.
According to ship tracking data, the "Ocean Thunder, a Suezmax tanker, loaded its cargo from Basra ports at the beginning of March and is currently heading to Malaysia. This type of tanker has a capacity of about one million barrels of crude oil."
The data showed that "the tanker followed a narrow northern corridor between the Iranian islands of Larak and Qeshm, a route that recent movements indicate is being carried out with the supervision and approval of Tehran."
However, Bloomberg cautioned that "tracking data may not be entirely accurate, due to the possibility of electronic jamming or the shutdown of transmitters in high-risk areas."
This development comes at a time when oil traders are closely monitoring shipping traffic in the strait, which was effectively closed following the US-Israeli strikes on Iran on February 28, causing a rise in oil and petroleum product prices, amid fears of wider economic repercussions.
Iran announced on Saturday that Iraq was exempt from the restrictions imposed on navigation in the Strait of Hormuz, stressing that the measures targeted only "hostile countries," while emphasizing respect for Iraqi sovereignty.
For his part, Iraqi Foreign Minister Fuad Hussein expressed Baghdad’s gratitude to Tehran for this step, stressing the importance of continued cooperation to ensure the smooth flow of oil exports in light of regional tensions.
Iraq is among the countries most affected by the closure of the strait, as its oil production has declined from about 3.5 million barrels per day to about 1.3 million barrels, while exports have decreased to about 800,000 barrels per day due to the disruption of shipping.
Trump sets a new date for the end of the Iran war
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The US president saidDonald TrumpThe war againstIranIt will be over in days, not weeks.
Monday... the start of negotiations between the Kurdistan economic delegation and Taif Sami
On Monday (April 6, 2026), Wafa Mohammed, a member of the Kurdistan Democratic Party, revealed that an economic delegation from the Kurdistan Region had begun its official negotiations in Baghdad with Federal Finance Minister Taif Sami to resolve issues related to oil and customs between the two sides.
Wafa Mohammed told Baghdad Today that "the delegation, which arrived in Baghdad headed by Omid Sabah and including Amanj Rahim and Abdul Hakim Mustafa, will hold a series of meetings today with Finance Minister Taif Sami and the relevant customs committees, as part of efforts to close a number of outstanding financial files between the central government and the region."
Mohammed explained that "the agenda of the negotiations focuses on unifying the customs system, in addition to the files of Kurdistan's oil, its export mechanisms, and the settlement of revenues," noting that "the discussions will also address the amount of 120 billion dinars allocated to the region, which it was unable to pay in full last month, only transferring 60 billion dinars, which necessitates direct coordination with the Federal Ministry of Finance."
Wafa Mohammed confirmed that "the meetings will also address the issue of lifting restrictions and sanctions on the dollar," explaining that "the region's share of the US currency has not yet arrived, and the Kurdish team is seeking to reach practical solutions during tomorrow's meetings in order to end the financial and administrative problems between Baghdad and Erbil."
According to what was published by “Baghdad Today” earlier, an informed source stated that “a high-level delegation from the Kurdistan Regional Government is heading to the capital, Baghdad, to discuss the ASYCUDA system file with the relevant authorities in the federal government.”
Media outlets close to the Kurdistan Democratic Party, as reported by Baghdad Today, stated that "the talks will focus on the mechanism for implementing the system for managing and regulating border crossings and customs operations between the region and Baghdad."
ASYCUDA is an automated customs management system, designed by the United Nations Conference on Trade and Development (UNCTAD), that aims to automate customs procedures, data recording, duty calculation, and facilitate foreign trade through a unified database. In Iraq, its implementation has led to a reduction in manipulation and smuggling, and improved duty control.
A source reassures Baghdad residents: The sounds heard were caused by fireworks celebrating the national team's victory.
A security source reassured residents of the capital, Baghdad, on Sunday (April 5, 2026), after news circulated about explosions in a number of areas, confirming that the sounds that were heard were just fireworks launched in celebration of the Iraqi national team's victory.
The source told Baghdad Today that "the fireworks were launched from the vicinity of Mall of Iraq due to a special event to honor the national team after its recent victory," stressing that "there were no explosions or security incidents inside the capital."
He added that "the security forces conducted routine sweeps to ascertain the situation, and it was found that there was no threat," calling on citizens "not to spread rumors and to rely on official statements."
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