The End of the Petrodollar? How Iran War Is Reshaping the Global Economy: Author Laleh Khalili

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The End of the Petrodollar? How Iran War Is Reshaping the Global Economy: Author Laleh Khalili

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How Long Does the Western World Last Without the East
Iran. The Strait of Hormuz. The petrodollar under pressure. The Gulf states scrambling.
And underneath all of it — the western world's supply chain dependency on the east.
The answer is between six weeks and six months. Nobody in power will tell you which.
👉 https://bit.ly/4rHCLuu
#StraitOfHormuz #Iran #IranWar #Trump #OilCrisis #EnergyCrisis #BrentCrude #OperationEpicFury #GlobalShipping #Petrodollar #China #WesternWorld #GulfStates
The End of the Petrodollar? How Iran War Is Reshaping the Global Economy: Author Laleh Khalili

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.”

Democracy Now!
@JamesBont @0ptimist @p_calleri Nein. Wegen #Petrodollar. Cuba hat einfach mit Venezuela vereinbart, dass sie für Erdöl nicht mit dem Dollar zahlen wollen. Genauso wie Iran etc.

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

How Iran and China shaped the war chessboard

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.

thecradle.co

@wackJackle

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…

#USpol #IRpol

Kellogg–Briand Pact - Wikipedia