If You Don't Understand the Petrodollar, You Don't Understand Geopolitics
6-4-2026 YT
Trump's War in Iran has sparked global fears about the economy. Why has Trump launched this attack on Iran now? Everything comes back to the US Petrodollar system. If the Strait of Hormuz were to remain closed, and Dubai, Saudi Arabia, UAE and the other Gulf states continue to come under attack, global oil prices could surge. Oil is at the root of everything. It's been the basis of our global economy since the Second World War. But what actually is the Petrodollar system? How does it work? Why was it put in place? What's the future of the Petrodollar?
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