Iranian currency rises in Kurdistan markets after easing tensions with the US

The Iranian rial rose against the dollar as the Erbil Stock Exchange opened in the Kurdistan Region, amid economic expectations of further improvement in the Iranian currency following the easing of tensions between Iran and the United States.

The US dollar fell against the Iraqi dinar, while the Iranian rial rose in the first moments of trading, with the exchange rate reaching 152,900 dinars per 100 dollars, and also recording 155,100 dinars per 100 dollars.

The Iranian rial rose against the dollar in Erbil, reaching 13,500,000 Iranian rials in cash and 16,000,000 rials via remittances, compared to 12,800,000 rials in cash and 15,200,000 rials via remittances, while the exchange rate of the Turkish lira remained stable at 4,430 against the dollar.

In this context, economist and spokesman for the currency market in Sulaymaniyah, Jabbar Goran, revealed expectations of a decrease in the price of the dollar against the Iraqi dinar, in contrast to an anticipated rise in the price of the Iranian toman in the next few days.

Goran told Shafaq News Agency that “the exchange rate of the Iranian Toman this morning in Sulaymaniyah was around 120,300 Tomans per 100 US dollars, while the price of the dollar decreased to 153,000 Iraqi dinars per 100 dollars at the time of preparing this news.”

He added that “these changes are linked to political and economic developments, most notably the easing of tensions between Iran and the United States, as well as potential arrangements for navigation in the Strait of Hormuz.”

He explained that “there are indications of the possibility of reaching understandings or future agreements regarding the management of the strait, which may have a positive impact on the stability of financial markets in the region.”

He added that “these data may lead to a further decrease in the price of the dollar and an improvement in the value of the Iranian currency in the coming period.”

He pointed out that “the nature of the economic policies of the American administration, especially in light of Donald Trump’s orientations, may contribute to pushing towards common economic solutions that achieve a balance of interests, including the issue of managing vital straits.”

This comes after the announcement of a temporary two-week ceasefire between the United States and Iran, brokered by Pakistan, which included a suspension of the mutual attacks that lasted for about 40 days, and the opening of navigation in the Strait of Hormuz, amid reports that Israel had agreed to the truce.

Shafaq.com

Presidential election session: Al-Hikma expects a change in the landscape, while the Kurdistan Alliance links participation to consensus.

Shafaq News – Baghdad MP Zaidoun Al-Nabhani, from the Al-Hikma Movement, stressed on Wednesday the importance of the House of Representatives session scheduled for Saturday, April 11, considering that it may change the political landscape by electing a president and ending the deadlock, while the Kurdistan Democratic Party linked its participation to achieving a political consensus.

Al-Nabhani told Shafaq News Agency, “The beginning of the House of Representatives was promising before it was met with a delay in the political agreement to complete the constitutional requirements until we reached the stage of deadlock.”

He pointed out that “the pressure exerted by members of parliament later to set a date for the session to elect the president of the republic was a step in the right direction,” adding, “We are waiting for April 11 to prove the extent to which the political blocs are keen to adhere to the constitution and achieve the interests of the people.”

He added that “the caretaker government faces major challenges, the most important of which are the security situation and the repeated attacks, in addition to a real crisis in economic matters, most notably the halt in oil exports and the resulting problems in securing salaries and meeting the internal needs for fuel.”

He added that “leaving half of the cabinet ministers to their ministries and engaging in the work of the House of Representatives after winning the last elections created more pressure on the government to carry out daily business,” stressing the need to “form a fully empowered government as soon as possible.”

For her part, MP Avista Mam Yahya of the Kurdistan Democratic Party told Shafaq News Agency that “the party believes that Fuad Hussein is the most suitable to lead Iraq at this critical stage,” indicating that “the decision to enter the parliament session will be linked to the Kurdish leadership in the event that a national consensus is not reached.”

She added that “political consultations are still ongoing and no final results have been reached regarding participation in the session to elect the President of the Republic,” stressing that the party is “keen to find a solution that preserves national and Kurdish interests at the same time.”

The Speaker of Parliament had set April 11 as the date for holding a session to elect the President of the Republic in order to fulfill the constitutional requirement and end the political deadlock.

According to an investigation published by Shafaq News, 70 days have passed since the “constitutional violation” of the election of the President of the Republic, while the period since the legislative elections on November 11, 2025, has reached about 148 days without the formation of a new government.

The Iraqi constitution stipulates that the president of the republic must be elected within 30 days of the date of the first session of the House of Representatives, which was held on December 29, 2025.

The coordinating framework had agreed to postpone deciding on a prime ministerial candidate until after the end of the regional war, while Nouri al-Maliki was nominated on January 24, before the process faltered with the continuation of disagreements over the election of the president.

Shafaq.com

In numbers… The US Chief of Staff reveals “for the first time” the extent of the “destruction” of Iranian capabilities

Shafaq News – Washington/ Mustafa Hashim
In a detailed military statement, the first of its kind, the Chairman of the US Joint Chiefs of Staff, General Dan Keane, revealed the final tally of the 38-day “Epic Fury” operation, confirming that the joint forces had succeeded in completely destroying Iran’s ability to project power beyond its borders.

1. 38-day tally: 13,000 targets destroyed

General Keane announced that US forces had struck more than 13,000 targets inside Iran, including:

* Dynamic targets: Immediate engagement with 4,000 targets that suddenly appeared on the battlefield thanks to the flexibility of the command and control system.

* Air Defense: 80% of the Iranian air defense system was destroyed by targeting 1,500 sites.

* Missile and drone capabilities: 450 ballistic missile storage facilities and 800 suicide drone storage facilities were destroyed.

2. Destruction of the naval fleet and production facilities

The Chief of Staff confirmed that the Iranian navy had settled at the bottom of the Arabian Gulf, explaining the following details:

* Naval force: Sinking 90% of the regular fleet, including 150 major warships and half of the Revolutionary Guard’s fast attack craft.

* Sea mines: 700 strikes were carried out against mine targets, destroying 95% of Iran’s capabilities in this area.

3. Paralyzing the industrial and nuclear base

Keane described the damage to the military infrastructure as “irreparable for many years”:

* Factories: 90% of weapons factories destroyed, including all factories producing Shahed drones and their guidance systems.

* Engines and fuel: Destruction of facilities producing solid-fuel rocket engines.

* Nuclear facilities: Targeting and destroying nearly 80% of Iran’s nuclear industrial base, thus thwarting Tehran’s nuclear ambitions.

4. Details of the participating force and regional alliance

General Keane praised the logistical support and international alliances that facilitated the mission:

* Regional Alliance: Expressed gratitude to Saudi Arabia, the UAE, Bahrain, Qatar, Kuwait, and Jordan for their role in protecting individuals and assets and for joint action.

* Air effort: Execution of 10,000 air missions, including 62 strategic bomber flights, 18 of which were direct (round trip) flights from the United States, missions that each lasted more than 30 continuous flight hours.

* Interceptions: Intercepting 1,700 ballistic missiles and drones that were targeting US forces, partners, and civilians.

5. Readiness message and rescue operation

Keane concluded his remarks by referring to the “epic” rescue of the crew of a fighter jet that crashed last weekend, describing it as an embodiment of the U.S. military spirit that “leaves no one behind.”

The general warned that the current ceasefire is a “warrior’s rest,” stressing that U.S. forces are on high alert (Locked and Loaded) to resume operations with the same speed and precision if Iran violates the truce, saying: “We have destroyed their ability to harm America and our interests for years to come.”

Shafaq.com

The Minister of Finance chairs a meeting to implement the ASYCUDA system in Kurdistan and unify customs procedures.

Finance Minister Taif Sami chaired a meeting on Wednesday (April 8, 2026) to implement the ASYCUDA system in Kurdistan and unify customs procedures.

The ministry said in a statement that “Finance Minister Taif Sami today chaired an expanded meeting to discuss the draft agreement for implementing the ASYCUDA customs automation system in the Kurdistan Region, in implementation of the directives of the Ministerial Council for Economy in its session held on April 6, 2026.”

She added that “the meeting was attended by the Director General of the Federal Customs Authority, the Director General of the Regional Customs and his assistant, the advisor to the Regional Interior Minister, the head of the Information Technology Department there, the Director of the Legal Department at the Federal Customs Authority, in addition to a team of experts from the UNCTAD International Organization.”

During the meeting, the minister stressed “the need to take into account the laws within the ASYCUDA system and to identify all legal conflicts between the two sides in order to harmonize them and obtain official approvals regarding them.”

The statement indicated that “it was agreed to form the ASYCUDA team for the region to be part of the unified national team, with an emphasis on completing all the system requirements by the companies concerned in the region and accurately defining the powers and responsibilities of each party to ensure the smooth flow of work.”

He continued, “In the context of strengthening the technical aspects, Minister Sami directed that a Kurdish language interface be provided within the system and adopted in the forms during actual implementation, similar to the Arabic and English languages, to ensure ease of use. The agreement also included launching a comprehensive training program in which the national team will train the staff working on the system in the region, ensuring raising technical efficiency and unifying customs administration standards in all border crossings.”

Burathanews.com

The reason for blocking Telegram in Iraq has been revealed.

A government source revealed on Monday the reasons for imposing the ban on the “Telegram” platform, stressing that the most important of these reasons is to stop the activities of armed factions.

The source told Shafaq News Agency that “the government, in coordination with the security and intelligence services, has directed the suspension of the Telegram platform, as it is one of the platforms used by some armed factions for communication, and therefore, suspending it contributes to stopping their activities.”

The source added that “this is part of the government’s measures to control security in the country and reduce attacks by drones.”

Since Telegram was shut down in Iraq last Friday, channels within the application belonging to armed factions have continued to publish their activities through the Virtual Private Network (VPN).

On Friday, the “Technology for Peace” page posted that “the Telegram app is blocked within the Iraqi federal government, while it is still working in the Kurdistan Region. There is no official explanation yet.”

According to citizens from Baghdad and the governorates of Basra, Najaf, Salah al-Din, Kirkuk, Diyala, and other areas, the Telegram application has been down for more than an hour (at the time of preparing this news), and it is not known whether it is a technical malfunction or a ban.

Shafaq.com

After the opening of the Strait of Hormuz, will Iraq capitalize on rising oil prices to revive its budget?

Economic researcher Diaa Abdul Karim affirmed that Iraq has a significant opportunity to bolster state revenues and support the general budget in the coming period, given the current fluctuations in oil markets.

Abdul Karim told the Information Agency that “Iraq’s exemption and the opening of transit routes for its exports through the Strait of Hormuz represent a major opportunity to increase oil sales, especially with many Asian countries turning to purchase Iraqi oil.”
He added that “the price of a barrel of oil used in the previous budget was around $70, while current prices have exceeded $100 per barrel, which means generating additional revenues that can contribute to supporting the state treasury.”

He explained that “Asian countries are among the largest importers of Iraqi oil and will benefit from facilitating the movement of their tankers through the Strait of Hormuz to reach Iraqi ports, particularly in Basra, which enhances the chances of increasing oil exports.”

He pointed out that “these factors represent a real opportunity for the government to maximize revenues and prepare to face the repercussions of regional and international conditions in the coming period.”

Almaalomah.me

Al-Youssef: Only 50 MPs have the freedom to make decisions within Parliament.

Member of Parliament Mukhtar al-Youssef revealed on Monday the dominance of political bloc leaders over majority decisions within Parliament, asserting that the number of MPs who possess the freedom to express themselves and vote independently does not exceed fifty.

Al-Youssef told Al-Maalouma, “The actual number of MPs capable of expressing their opinions free from the dictates of bloc leaders is very small compared to the total number, indicating that this group does not exceed fifty MPs.”

He added, “The majority of MPs were elected with financial and moral support from their bloc leaders, which makes them committed to their directives when voting on important laws and resolutions,” noting that “passing resolutions is often linked to signals from bloc leaders.”

Al-Youssef pointed out that “this situation has negatively impacted parliamentary performance and led to a decline in both oversight and legislative roles,” emphasizing that “the number of MPs who are independent in their decisions decreases with each election cycle, making Parliament subject to narrow political compromises.”

Almaalomah.me

Security, integrity, and finance first: Parliament prepares to vote on the most important committees.

Member of Parliament Ahmed al-Shammari confirmed on Monday that Parliament intends to finalize the formation of the sovereign parliamentary committees during its sessions today and next Wednesday, paving the way for them to begin their oversight and legislative duties.

Al-Shammari told the Information Agency, “Parliament will vote in today’s session and the session scheduled for next Wednesday to select members for the vital and sovereign committees, most notably the Security and Defense Committee and the Integrity Committee, in addition to the Finance Committee and other committees.”
He added, “Completing the formation of these committees is a crucial step to activate the role of Parliament,” explaining that “the relevant committees will immediately begin discussing a package of stalled laws on the agenda, with the aim of presenting them for a vote and enacting legislation.”

Al-Shammari clarified that “the delay in finalizing these committees has somewhat affected the pace of parliamentary work, but the upcoming sessions will resolve this issue to ensure the smooth flow of oversight and legislative work for the current session.”

Almaalomah.me

Al-Saadi denies postponing the presidential election session and affirms proceeding with the constitutional entitlement.

MP Jawad Al-Saadi denied on Monday the postponement of next Saturday’s session dedicated to electing the President of the Republic.

Al-Saadi told Al-Maalouma that “the House of Representatives session scheduled for next Saturday to elect the President of the Republic will proceed as planned, and with its constitutional provisions, which are represented in completing this entitlement,” noting that “there is consensus within the House of Representatives to resolve it and proceed with it.”

He added that “there is no truth to what is being circulated regarding the possibility of postponing the session or delaying its convening,” explaining that “resolving this entitlement will lead to the President of the Republic assigning the candidate of the largest bloc to form the government, and thus we will be facing the birth of a new government that takes into consideration the important and sensitive files, especially the financial and economic ones.”

Al-Saadi indicated that “today’s session finalized the remaining parliamentary committee formations,” confirming that “the vote on the remaining committees will be completed this Wednesday.”

Almaalomah.me

15 ships crossed the Strait of Hormuz “with Iranian permission” within 24 hours

The Iranian website Tabnak reported on Monday that only 15 ships had crossed the Strait of Hormuz in the past 24 hours, amid strict restrictions on maritime traffic.

The website, citing maritime sources, stated that the ships passed through after obtaining permission from the Iranian side, with monitoring measures imposed on maritime traffic in the area.

The report added that a number of ships are still waiting to obtain crossing permits, while some shipping companies prefer to postpone their trips until the security situation becomes clearer.

He noted that shipping traffic in the strait has declined by about 90% compared to the period before the attack on Iran, reflecting the state of caution among global shipping companies.

The Strait of Hormuz is one of the world’s most important maritime routes for transporting oil and gas, as a large percentage of global energy exports pass through it, making any decline in shipping traffic directly impactful on global markets.

Bloomberg had previously reported that an oil tanker carrying Iraqi crude had crossed the Strait of Hormuz, after Iran announced it was granting Baghdad a special exemption allowing its tankers to pass through despite restrictions on navigation.

This came after the closure of the strait following the US-Israeli strikes on Iran, which led to a decline in Iraqi exports and a rise in global oil prices.

Shafaq.com