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Petrodollar faces disruption #petrodollar #dollardominance #defi
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621 Aufrufe14Likes51VitalyKorovitzOriginalveröffentlichung: 2026-05-30

The petrodollar system, established in 1974 through a US-Saudi Arabia agreement requiring oil trade in US dollars, created permanent global demand for the dollar and enabled the US to export inflation worldwide; this system has been challenged by Iraq, Venezuela, and Iran, with each facing military or economic consequences, driving the rise of decentralized finance as an alternative backed by mathematics rather than geopolitical power.

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