this post was submitted on 12 Jul 2024
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Geopolitics

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Geopolitics and the analysis of what events.

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Saudi ends Petrodollar deal with US - In Depth Analysis | Saudi Arabia, US Oil Geopolitics Economy (www.youtube.com)
submitted 3 months ago by [email protected] to c/[email protected]
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[โ€“] Vodica 2 points 3 months ago

Wrong. This "50 Year ahreement" never exist. Total BS.

[โ€“] jimmydoreisalefty -4 points 3 months ago

Great to see more people talking about this news!

The end of the 50-year US-Saudi petrodollar deal marks a significant shift in global oil trade dynamics. Saudi Arabia's decision to diversify currency acceptance in oil transactions reduces dependence on the US dollar, reshapes geopolitical alliances, and potentially weakens US economic influence. This analysis explores the historical context, reasons for the deal's termination, and its far-reaching implications for the US, Saudi Arabia, and the global economy.