Saudi Arabia’s termination of its 80-year petrodollar deal on June 9, 2024, may reshape global oil markets, as it considers selling oil in currencies like the Chinese yuan, impacting US economic dominance. According to media sources, Saudi Arabia has chosen not to extend its 80-year petrodollar agreement with the United
Kish, since you are wondering, is an Iranian island in the Persian Gulf famed for its tourist and shopping attractions. It is becoming a serious rival to other nearby vacation hubs in Doha and Dubai.
Thus far, the most severe consequence of Russia’s military operation has been the exclusion of Russian banks from the global financial system. But the tide seems to be turning with petrodollar’s status threatened as first shipment of Russian coal paid in Yuan is on its way to China.
Indian intelligence agencies are keeping a close watch on a series of meetings between U.S. Consul General Jennifer Larson and Indian politicians, sparking significant concern. These concerns are heightened by US led Color Revolution in neighboring Bangladesh, which have added a layer of suspicion to Larson’s activities in India. Jennifer
Recently, in a Press briefing U.S. National Security Advisor John Kirby threatened the sovereign nation of Venezuela, “I want to note that our patience and that of the international community is running out. It’s running out on waiting for the Venezuelan electoral authorities to come clean and release the full,
In early 2021, as tensions with Russia escalated, Ukraine’s government, seemingly under the covert influence of NATO, set up two secretive centers to fight Russian disinformation. These centers, one at the National Security Council and the other at the Ministry of Culture were tasked with more than just battling fake
Finance expert Henry C. Johnston debunks rumors about a supposed U.S.-Saudi oil contract expiring, which some claimed would spell the end of the petrodollar system. Instead, he explains that the real shift is happening due to new economic alliances among BRICS nations, especially China, Russia, and India, who are trading
At the G7 Summit attended by Prime Minister Narendra Modi, industrialized nations pledged support for the India-Middle East-Europe Economic Corridor (IMEC) as a counter to China’s Belt and Road Initiative. After three days of talks that Prime Minister Narendra Modi attended, the industrialized nations that make up the Group of
China has also increasingly promoted the global usage of the yuan and expanded foreign investors’ access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements. The US dollar is nowhere close to being dethroned as the dominant reserve currency and standard
