Daily Links — Tuesday, August 4, 2026

Tuesday's desk is heavy on Iraq's wallet: a Channel 8 exclusive says Iraq is facing a liquidity crunch as oil revenues fall, alongside sharp commentary that the country is finally 'paying the price' for twenty years of power-sharing. Overseas, Japan just ran a record yen intervention (Goldman says even $100B isn't enough), Aramco is warning that a Hormuz closure would pull 100 million barrels a week off the market, and oil is whipsawing on Iran-deal buzz while Trump dangles 'decapitation' if Tehran won't sign. Pour a strong one — here's everything on the desk.

Iraq & the Dinar

• Channel 8 exclusive: Iraq faces a liquidity crunch as oil revenues fall — Channel 8
• Iraq begins to “pay the price” — today's crisis born of 20 years of power-sharing and spoils — 964 Media

Money & Markets

• All you need to know about the record yen intervention — why Goldman thinks $100B isn't enough — ZeroHedge
• Saudi Aramco profit soars as CEO warns a Hormuz closure removes 100 million barrels a week — ZeroHedge

Around the World

• Trump says Iran faces 'decapitation' if it doesn't sign a 'good' deal — ZeroHedge
• Oil tumbles on Iran-deal buzz as Rubio insists 'denuclearization' is the 'ultimate' goal — ZeroHedge

Links are shared for discussion. Not financial advice — always do your own research.