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Is The Iran War Good For The Petrodollar?
Is The Iran War Good For The Petrodollar?
Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.”
She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar.
Instead, RealInvestmentAdvice.com points out that she argues the opposite: between Iran and Venezuela, the U.S. is defending and bolstering dollar dominance in the oil trade.
The 75-year-old petrodollar system rests on oil being priced and traded in dollars, which keeps the dollar prominent in all global trade.
China has...
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Mar 18, 2026 / Tyler Durden
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'Delusional': Iran Fires Back At Trump's Make 'Hormuz Strait A Territory Of The US' Ambitions
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Predictably, Iran has on Saturday issued a full-throated rejection of President Trump's Friday evening words related to the status on the conflict and energy transit in the region.
In a speech on New York's Long Island, Trump introduced the idea of declaring the Strait of Hormuz a US territory. "After we finish defeating Iran, which is being very badly defeated — pretty soon, I'll be declaring the Hormuz Strait a territory of the United States," Trump...
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