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[–] 11 points 8 months ago (1 child)

If anything Trump was trying to prevent the change away from the petrodollar standard. That “currency” allows the US to run up debts because nobody wants the dollar to collapse and wreck everything traded in USD.

https://www.reuters.com/markets/commodities/trumps-venezuela-oil-grab-revives-petrodollar-debate-2026-01-06/

I don’t know about the quality of this site, so be skeptical: https://factually.co/fact-checks/foreign-policy/was-iran-threatening-to-abandon-petrodollar-275c36

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