Petrodollar

The US Pulled Off An Armed Robbery Of The World’s Energy Supply

May 6, 2026 Richard Medhurst. Educate! Iran, Israel, Petrodollar, US Imperialism, Wars and Militarism

In the past, the United States were very sensitive to oil shocks. Closing the Strait of Hormuz would have been a catastrophe, as the US couldn’t produce enough oil to meet demand. But today, they are the world’s largest producers of oil, gas, and refined products, and the planet’s top exporter of liquefied natural gas (LNG). Many still buy into the old mantra that high oil prices are bad for the US, but the opposite is true. For the first time during a global shortage, the dollar isn’t crashing while gold surges — it’s the other way around. High energy prices aren’t a threat to Wall Street anymore — they are in fact the objective.

A Primer On the Petrodollar And The War On Iran

April 17, 2026 Vijay Prashad, Tricontinental Institute for Social Research. Educate! Fossil Fuels, Global Economy, Iran, Petrodollar

As you and I worry about how war and inflation will impact our families and nations, bond traders are fixated on the numbers on their screens, calculating what might happen to seemingly arcane financial instruments. Their job is to protect the treasure of the wealthy. For the past fifty years, the relative stability of the US dollar – above all as embodied in US Treasury securities – has rested in part on what is called the ‘petrodollar’ system. When petroleum prices are relatively stable, the costs of production and transport are more predictable, inflation is easier to contain, and the prices of bonds and other financial assets are less likely to swing wildly.

Asymmetric Economic War: Iran Challenges US Dollar

March 19, 2026 Ben Norton, Geopolitical Economy. Resistance Report Global Economy, Iran, Oil, Petrodollar, Wars and Militarism

Iran has responded to the war of aggression that the United States and Israel launched against it on February 28 by using unconventional tactics. As the US and Israel systematically assassinate Iranian officials and bomb schools, hospitals, and residential areas, Tehran has defended its sovereignty by engaging in a campaign of asymmetric economic warfare, not only hitting US military bases in West Asia, but also targeting major US corporations, and even challenging dollar dominance.

The Petrodollar In Freefall And A New Multipolar World Order

April 22, 2023 Lee Camp, Mintpress News. Resistance Report Global Economy, Monroe Doctrine, Multipolarity, Petrodollar, US Imperialism

Join Lee Camp and Ben Norton in this captivating episode of Behind the Headlines as they delve into the changing world order, the rebellion of Latin America against Western hegemony, the ongoing proxy war in Ukraine, and the latest international political clashes. Norton, a seasoned journalist who founded Geopolitical Economy, a Nicaragua-based news website that covers international relations with a focus on Latin America, U.S. Empire, and political economy, brings a fresh perspective to the table. The conversation starts with the recent collapse of three U.S. banks and how Federal Reserve policies have fueled the class war that the wealthy elite is waging against the public.

China’s Iran-Saudi Peace Deal Is Big Blow To Petrodollar

March 19, 2023 Ben Norton, Geopolitical Economy. Resistance Report BRICS, China, Foreign Relations, Iran, Petrodollar, Saudi Arabia, US Hegemony

China surprised the world on March 10, announcing that it had successfully sponsored peace talks between rivals Saudi Arabia and Iran. Four days of secret negotiations in Beijing led to a historic agreement in which the two West Asian nations normalized relations, following seven tense years without any official diplomatic ties. Iraq had previously hosted peace talks between Saudi Arabia and Iran, but these were sabotaged in January 2020 when US President Donald Trump ordered a drone strike to assassinate top Iranian official Qasem Soleimani, who had been involved in the negotiations.

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