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Petrodollar

"MARITIME INTERDICTION: US Planetary Blockade Dominates Flow of Global Trade, Oil, and Gas," was created by independent journalist Richard Medhurst. It illustrates his argument that the United States is orchestrating a coordinated "global energy heist" to monopolize energy supplies and isolate its geopolitical rivals. Photo: Substack.
  • International
  • Opinion

The US Pulled off an Armed Robbery of the World’s Energy Supply

Richard Medhurst May 9, 2026
Zamin Larzeh (Earthquake), 1971, artwork by Charles Hossein Zenderoudi (Iran).
  • International
  • Opinion

A Primer on the Petrodollar and the War on Iran

Vijay Prashad April 19, 2026
US dollar and Chinese yuan bills. Photo: Sheldon Cooper/Zuma Press.
  • International
  • Opinion

The Time of Petroyuan Has Come

William Serafino April 3, 2026
A visual composition featuring the flag of Iran on one side and US currency on the other side, and text saying that Iran's war strategy targets the US dollar and corporations. Photo: Geopolitical Economy Report.
  • International
  • Opinion

Asymmetric Economic War: Iran Challenges US Dollar, Demanding Oil Be Sold in Chinese Yuan, as it Targets US Corporations

Ben Norton March 22, 2026
US President Joe Biden fist bumps Saudi Crown Prince Mohammed bin Salman (MBS) in Riyadh in July 2022. Photo: Geopolitical Economy/File photo.
  • Asia
  • International

US Pressures Saudi Arabia To Sell Oil in Dollars, Not Chinese Yuan, Amid Israel Negotiations

Ben Norton August 15, 2023
Putin-bin-Salman-Mbs-Xi
  • International
  • Opinion

De-Dollarization Kicks Into High Gear

Pepe Escobar May 2, 2023
Wang Yi, center, China’s top foreign policy official, with Ali Shamkhani, right, the secretary of Iran’s security council, and Musaad bin Mohammed Al Aiban, Saudi Arabia’s minister of state, in Beijing during the ceremony marking the resumption of diplomatic relations between Iran and Saudi Arabia, March 10, 2023. Photo: China Daily.
  • Asia
  • International

Geopolitical Game Changer: China’s Iran-Saudi Peace Deal Is Big Blow to Petrodollar and US Economic Hegemony

Ben Norton April 11, 2023
Barack Obama, Salman bin Abdulaziz Al Saud, Vladimir Putin, Ali Khamenei, and Nicolás Maduro (from left to right). Photo composition: Multipolarista.
  • International
  • News

Oil War: How US and Saudi Crashed Crude Prices to Hurt Russia, Iran, Venezuela in 2014

Ben Norton November 26, 2022
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NEWS: POPULAR POST

  • The Zionist delegation upon arrival in Venezuela, posing alongside Venezuelan Chief of Diplomatic Mission to Washington Felix Plasencia and the governor of Carabobo state, Rafael LaCava. Photo: X/@IDF.Chavistas Repudiate ‘Israeli’ Delegation Following Deadly Earthquakes… July 4, 2026
  • Venezuelan Acting President Delcy Rodríguez recognizes the work of rescue volunteers at a ceremony, July 3, 2026. Photo: Con el Mazo Dando.Earthquake Death Toll in Venezuela Rises to 2,954, Government Recognizes… July 5, 2026
  • Venezuelan Acting President Delcy Rodríguez accompanied by National Assembly President Jorge Rodríguez and Interior Minister Diosdado Cabello during a press conference with international correspondents on Thursday, July 2, 2026. Photo: Venezuelan Presidential Press.Venezuela: Delcy Rodríguez Holds Press Conference with International… July 4, 2026
  • Two persons try to get a ride amid a blackout in Havana, Cuba. Photo: Ernesto Mastracusa/EFE/file photo.Havana Grid Failure Causes Widespread Power Outages in Cuba July 5, 2026
  • Venezuelan Acting President Delcy Rodriguez alongside members of her cabinet while announcing a new set of economic measures to support those affected by the double earthquake that struck north-central Venezuela on June 24. Photo: Venezuelan Presidential Press.Delcy Rodríguez Announces Economic Measures to Address Emergency Caused by Earthquakes July 5, 2026
  • Rescuers work amid collapsed buildings and rubble in La Guaira, Venezuela. Photo: Jesús Vargas/Getty Images.Venezuela’s Acting President Dismisses Rumors of Mass Graves, Orders… July 5, 2026
  • A firefighter assesses a dog affected by the earthquakes of June 24 in Venezuela. Photo: Redes Sociales.Animal Protection Groups and Rescue Brigades Tend to Pets Impacted by… July 1, 2026

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OPINION: POPULAR POST

  • A person walks amid the ruins of a building destroyed by the earthquakes in La Guaira, Venezuela, June 25, 2026. Photo: Maxwell Briceño/Reuters.Venezuela is Hurting July 3, 2026
  • Daniel Kovalik, professor of international human rights of the University of Pittsburgh School of Law. Photo: Tehran Times.Britain Detains Human Rights Lawyer Daniel Kovalik July 3, 2026
  • Rubble in La Guaira, declared a "natural disaster zone" after the double earthquake of magnitudes 7.2 and 7.5 on June 24, 2026. Photo: Ronald Peña/EFE.Political and Media Vultures Try to Destroy Venezuela’s Social Fabric,… July 5, 2026
  • Rescue team over a collapsed building in La Guaira state, Venezuela. Photo: RTVE.Earthquakes Shake Up Post-January 3 US-Venezuela Status Quo July 5, 2026
  • Red-Alert-21-Cards_EN_TTTruth Amid the Rubble July 3, 2026
  • A UN peacekeeping truck in Haiti following the 2010 Earthquake. Photo: Wikimedia Commons.Disaster Capitalism in Haiti Gives a Glimpse Into the Imperialist Shock Doctrine… July 3, 2026
  • Photo composition highlighting US military facilities in the Persian Gulf. Photo: PressTV.Through Lens of Satellite Imagery: How Iran’s Precision Strikes Dismantled… July 2, 2026

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