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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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