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Events Archive
otherApr 7, 2026
The crumbling ‘petrodollar’ faces mounting challenges amid Iran war tensions
Summary
The crumbling ‘petrodollar’ faces mounting challenges amid Iran war tensions
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Iran
Sources
- currentsapi(Mixed)By Investment Research Team
The era of the gold standard ended in the early 1970s, setting the stage for the rise of the 'petrodollar'. This system, established in secret by Henry Kissinger and Saudi Arabia, solidified the dollar as the predominant reserve currency. However, the Iran war sheds light on its …
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