Thursday, July 23. Three dates now hang over the Iraqi dinar, and only one of them is commercial.

Iraq's road around Iran held. Ankara and Baghdad agreed a 1-year protocol that keeps Iraqi crude flowing to Ceyhan past the July 27 treaty expiry, while Indian refiners walk away from Hormuz cargoes and SOMO buys fuel on the import market for the first time since January 2025. The northern route is now plumbing, not a plan.

Al-Zaidi landed in Tehran carrying all of it: the secured route, the $60 billion in Washington signatures, and a corruption clawback that has outgrown the government's own quarter-billion-dollar figure, with 375 kilograms of recovered gold on the scale.

And the biggest piece sits in New York. The DTCC, the clearing house holding $114 trillion of American securities, ran its first live tokenized trades on July 15 and switches the full system on in October. The CLARITY Act has roughly 2 weeks of Senate life before the recess. Baghdad's cabinet has gone quiet in a way that reads like a decision already made.

Who is waiting for who? The first date to firm up tells you the order of everything behind it.