US Saudi Petrodollar deal: America likely suffer a big loss? Explained | ABP Live

News: Before the start of G7, Saudi Arabia gave a big blow to America. America's sovereignty in the Saudi market is also decreasing due to the ever-increasing closeness with China and Russia. Now Saudi Arabia has stopped relying on America and is expanding its business scope and strengthening relations with Russia, China and Japan. And taking a big step in this regard, the Saudi government ended the 80-year-old petro dollar deal with America. What impact will this deal have on America's economy and the value of the dollar? These are the issues that will be discussed today. you are watching abplive world.