In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China’s currency, the renminbi (aka yuan).
Ben Norton explains how this war affects the petrodollar system, and the dominance of the dollar as the global reserve currency.
|| Geopolitical Economy Report ||
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This is what happens when you take on a Country that has a 70,000 book library in a mall!
The USA can win by making peace through out the world ???? But no USA and Israel donkey show, want war ,now other countries not going to let it happen , the usa government chooses corrupt over the people, that is why no alliance comes to help the usa ???? Think about that peoples
#theStraitOfHormuz lran/china/rusia ; Dollars became YUANS.
Brainless Trump Administration thinks they could do the same to Iran like what they’ve done to Venezuela
How is going living in china? Hope they don’t steal your heart traitor.
Nobody would have thought Iran was the one that was going to kill US dollar
No petrol dollar = the end of the US
It’s a conflict between a small country that prepared for decades for this war and a big powerful country that stupidly stumbled into this war on a whim of its orange dictator.
Let’s think for a minute. Can you believe if US was the one that has so much power on this straight of Hormuz. Can you believe if this type of straight was located by the United States. The US would use that to make the world worship it. Iran has never done that. Everything was going very smoothly, until the bully came to the picture
Sell all your dollars, buy gold.