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NOW PLAYING == Democracy Now! 3/19/26: The End of the #Petrodollar? How Iran War Is Reshaping the Global #Economy: Author Laleh Khalili https://www.youtube.com/watch?v=4GSqJ1Ey9Rc #news #war #geopolitics #iranwar #democracynow #AmyGoodman #JuanGonzález #NermeenShaikh #vsn #radio #SupportIndependentMedia #DiverseSpectrumOfTheLeft #Resist
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NOW PLAYING == Democracy Now! 3/19/26: The End of the #Petrodollar? How Iran War Is Reshaping the Global #Economy: Author Laleh Khalili
https://www.youtube.com/watch?v=4GSqJ1Ey9Rc
#news #war #geopolitics #iranwar #democracynow #AmyGoodman #JuanGonzález #NermeenShaikh #vsn #radio #SupportIndependentMedia #DiverseSpectrumOfTheLeft #Resist
Iran’s Revolutionary Guards have warned a “new stage of war” has begun after Israel bombed Iran’s South Pars gas field — the largest known natural gas reserve in the world. This comes as the price of oil has spiked to $118 a barrel, a 60% jump since the U.S. and Iran attacked Iran on February 28. Professor of Gulf studies Laleh Khalili lays out the global economic implications of the effective closing of one of the world’s “major choke points for oil,” the Strait of Hormuz. “It doesn’t benefit the average U.S. citizen … at the gas stations, but it does benefit the oil companies,” says Khalili. “The higher the price of oil goes up, the relatively cheaper it becomes to actually have sustainable alternatives. Of course, that means that it benefits China … since China is way ahead of the rest of the world in producing these technologies.”
Very perceptive article! Well worth a read!
“How Iran and China shaped the war chessboard”
by Pepe Escobar in The Cradle
@palestine
@Palestine
@[email protected]
@iran
“China’s dual-track response to the US–Israeli war on Iran reflects a broader geopolitical and economic strategy that stretches from the battlefield to the global financial system”
https://thecradle.co/articles/how-iran-and-china-shaped-the-war-chessboard
#Press #SocialMedia #Iran #War #Trump #Israel #OperationEpsteinFury #OperationEpicMistake #RegimeChange #WarCrimes #CrimesAgainstHumanity #China #Chessboard #Go #Russia #BRICS #PetroYuan #PetroDollar
Destroying the #petrodollar will free the world of #US racketeering.
Wen es wundert, warum #USA, #Krieg und #Erdöl immer zusammenhängen, der sollte sich das Stichwort #Petrodollar mal zu Gemüte führen.
Dann machen die ganzen Kriege plötzlich Sinn. Das sind neben China die ganzen Länder, die versuchen auf den Dollar beim Handel zu verzichten, #Trump sieht die Felle davonschwimmen und wird aggressiv.
Der Mann ist gefährlich und nicht dumm. Er weiß wie das alles zusammenhängt. Purer Kapitalismus!
@VQuaschning Eigentlich reicht es, den Dollar aus dem Erdölgeschäft zu nehmen. #USA macht sehr viele (passive) Profite allein durch den #Petrodollar.
China arbeitet übrigens daran, nicht nur bei Erdöl, sondern auch bei Gold. Wir sollten uns da besser zusammenschließen.
@jmcrookston granted, it did make a splash each time #Iran and #Venezuela were "questioning" #Petrodollar supremacy…
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