Oil WeaponApril 7, 20264 min read
The petrodollar's 50-year reign is cracking. Here's what the data shows.
Saudi Arabia quietly let its petrodollar commitment expire in 2024. Iran closed the Strait of Hormuz — and ships are reportedly paying passage fees in yuan. The architecture Henry Kissinger built in 1974 is not collapsing, but it is fragmenting faster than at any point in 50 years.
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