TinDrum

'US 10-year treasury yield has surged nearly 0.5 percentage points since Washington launched its war...A rising yield indicates investors are offloading Treasuries and that the US will have to offer a higher coupon, or interest rate, on future issuance. That, in turn, will exacerbate growing worries over spiralling US public debt, which has increased by two-thirds this decade to a record $38.5 trillion'

#iran #middleEast #politicalEconomy #petrodollar #usDebt #trumpClusterfuck

https://www.agbi.com/analysis/oil-and-gas/2026/04/oil-supply-shock-likely-to-weaken-dollar-dominance/

Oil supply shock likely to weaken dollar dominance

The Iran conflict may accelerate de-dollarisation, a multi-decade process in which Gulf countries will ultimately participate

AGBI
7:04amWeb
Show threadTinDrum12h ago
'The US no longer needs Middle Eastern oil, so it makes sense for Saudi Arabia and other regional oil exporters to turn to Asia, the main consumers of their oil, and sell crude in currencies such as the yuan or rupee...The extent to which that happens will have implications for the dollar and its dominance in the longer run – we’re talking a 20 to 30-year timeframe'