
ACTU
06.05.2026
How the petrodollar regime came to be, and what losing it would mean for the U.S.
The global oil market has supported the U.S. dollar for over 50 years. But the system shows signs of cracking under the Iran war.
N
NPR Business
The global oil market has supported the U.S. dollar for over 50 years. But the system shows signs of cracking under the Iran war.

The petrodollar system remains deeply entrenched with the US dollar holding nearly 57 per cent of global official reserves versus the yuan's under 2 per cent. However, the security bargain linking Gulf oil revenues, dollar assets and American military protection is weakening. Recent regional developments are converging to expose new strains on this decades-old arrangement that has tied the world's most important commodity to the dominant reserve currency.
The UAE has reportedly threatened the ditch the dollar in oil trade during talks on a potential currency swap with the US Treasury Read Full Article at RT.com