Petrodollar Deal

What Was the Petrodollar Deal Between US and Saudi Arabia That Lasted 50 Years? How Will It Impact the World? – Explained

The recent expiration of the US-Saudi Arabia petrodollar deal, which had been in effect since June 8, 1974, marks a significant shift in global financial dynamics and geopolitical strategies. Here's a closer look at what the petrodollar system entailed, what its end means, and what the implications are moving forward:...