Damus
Toby McMann profile picture
Toby McMann
@Toby McMann
The petro dollar is dying. Major factors of the original deal had the Saudis agreeing to price oil in USD, in exchange for military protection. Now ships are rejecting and not confident in US military protection for shipping oil, so why price oil in USD?

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Y⚡ · 2w
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Fiat Autopsy · 2w
Petrodollar's demise accelerates as USD's reserve status wanes, echoing 1971 Nixon shock when USD delinked from gold.