this post was submitted on 14 Oct 2024
180 points (80.6% liked)

World News

32491 readers
668 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

cross-posted from: https://lemmy.ml/post/21396569

Moira Donegan
Mon 14 Oct 2024 06.07 EDT

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 2 months ago

Israel is being the very opposite of a force for stability in the region, which isn’t going to help the Petro-Dollar.

Israel being a destabilizing force gives the US leverage over the oil rich nations of the region. That’s why Israel is important for the petrodollar. I’m also not sure the US currently has a way to maintain its global economic dominance without the petrodollar. That’s in part why I think you see the US doubling down on support for Israel even in a context where doing so is increasingly risky.