3 ms·

It’s simple. Oil is traded in USD. A large share of the oil is produced in the Middle East. If oil stopped trading in USD the value of our currency would plu

It’s simple. Oil is traded in USD. A large share of the oil is produced in the Middle East. If oil stopped trading in USD the value of our currency would plummet. So we have a strong interest in all oil exporters.

werdnapk 2mo ago
There's also the petroyuan [1] [1] https://en.wikipedia.org/wiki/Petroyuan https://en.wikipedia.org/wiki/Petroyuan
- inigyou 2mo ago
  Yes, which the USA is strengthening with all these blockades, presumably because the current guy in charge doesn't understand this.