Topic
petrodollar
1 stories related to this topic, newest first.
marketpulse.compolitics68 days ago
Petrodollar System Supported U.S. Dollar for Over 50 Years
The global oil market has supported the U.S. dollar for more than five decades through the petrodollar arrangement. NPR reported the system shows signs of strain linked to the Iran war. The arrangement dates to agreements in the 1970s that shaped international oil trade and curre…