Petrodollar System Under Pressure as Iran Conflict Reshapes Oil Trade Dynamics
The long-standing petrodollar system is facing renewed scrutiny as the Iran conflict introduces new pressures on global oil trade. Established in the 1970s, the system ensured that oil transactions were conducted primarily in U.S. dollars, reinforcing the currency’s global dominance….
US-Iran Tensions Escalate as Rescue Mission Sparks Conflicting Claims
A U.S. military rescue operation inside Iran has become the latest flashpoint in rising tensions between the two countries. Washington says it successfully rescued a wounded airman after his F-15 jet was shot down. Tehran claims it blocked the mission….