2 ms·
I’m sure China/Russia/Israel/India/Saudi Arabia/Iran/North Korea/Pakistan/etc are all doing exactly what the US wants. The US is so effective that it can force
by lotsofpulp 2y ago
I’m sure China/Russia/Israel/India/Saudi Arabia/Iran/North Korea/Pakistan/etc are all doing exactly what the US wants.
The US is so effective that it can force a country that it embargoes (Iran) to sell oil in USD to a country with its own currency (India).
https://www.economist.com/finance-and-economics/2024/10/17/inside-the-secret-oil-trade-that-funds-irans-wars https://www.economist.com/finance-and-economics/2024/10/17/i...
And the US allows articles to be written about China and Saudi Arabia considering buying and selling oil in Yuan, ostensibly to provide cover for the fact that the US is actually forcing both China to buy in USD and Saudi Arabia to sell in USD.
https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541 https://www.wsj.com/articles/saudi-arabia-considers-acceptin...
It couldn’t possibly be that Iran trusts USD to have a more reliable purchasing power than an Indian Rupee, or that Saudi Arabia would rather bet on stability from USD rather than the Yuan.