MTZ@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agoCheckers, not chess.lemmy.worldimagemessage-square25linkfedilinkarrow-up1501arrow-down17
arrow-up1494arrow-down1imageCheckers, not chess.lemmy.worldMTZ@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agomessage-square25linkfedilink
minus-squareRememberTheApollo_@lemmy.worldlinkfedilinkarrow-up4·1 month agoIf anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD. https://www.reuters.com/markets/commodities/trumps-venezuela-oil-grab-revives-petrodollar-debate-2026-01-06/ I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36
minus-squaremarcos@lemmy.worldlinkfedilinkarrow-up2·1 month agoIran has been out of the petrodollar system since the maximalist sanctions the US imposed in 1995. Sanctioned countries don’t have a use for dollars.
If anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD.
https://www.reuters.com/markets/commodities/trumps-venezuela-oil-grab-revives-petrodollar-debate-2026-01-06/
I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36
Iran has been out of the petrodollar system since the maximalist sanctions the US imposed in 1995. Sanctioned countries don’t have a use for dollars.