OPINION | Petrodollar At Crossroads: War, Oil, And Quiet Reordering Of Global Power

The petrodollar system, where oil is priced in US dollars, is facing pressure due to geopolitical tensions, particularly in the Strait of Hormuz.

Source : ABPLIVE AI

For half a century, a deceptively simple arrangement has held the global economy together: oil would be priced in US dollars, and the dollar would remain the undisputed center of global finance. It was not written into any treaty. It was not voted upon. Yet it shaped every trade deal, every foreign reserve, every geopolitical calculation made by nations large and small. That arrangement is now under pressure — and the fault lines are becoming impossible to ignore. The escalating conflict