• HasturInYellow@lemmy.world
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    5 hours ago

    They aren’t charging $2mill. They are charging ¥2mil or crypto equivalent. They are intention demolishing the Petrodollar.

    More power to them.

    • UnderpantsWeevil@lemmy.world
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      5 hours ago

      They are intention demolishing the Petrodollar.

      I think Climate Change and explosion of alternative energy sources is doing that.

      They’re just trying to evade Western financial restrictions. Dollars aren’t useful to a country that’s cut out of the LIBOR and SWIFT banking systems.

      • shawn1122@sh.itjust.works
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        3 hours ago

        It’s not just about how useful the dollar is to Iran, it’s about making it less useful to other countries also.

        If Iranian oil is back on the market there will be a lot of interested buyers. If it’s only sold in yuan or crypto.

        The petrodollar wasn’t going to last forever youre right but there are many parties interested in ending it sooner than later.