US-Saudi petrodollar deal ends after 50 years: What are petrodollars?
Washington: A pivotal chapter in global economic history closed recently as the US-Saudi petrodollar agreement, a cornerstone of international finance and geopolitics for half a century, quietly lapsed. This landmark deal, forged in the 1970s, had profound implications for the global economy, the US dollar’s dominance, and the geopolitical landscape. The petrodollar system originated from […]