The Iran war just broke the petrodollar
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The virtuous loop that has seen America underwrite stability in the Middle East in exchange for Gulf states recycling their dollar revenues into U.S. Treasurys has been broken.
The virtuous loop that has seen America underwrite stability in the Middle East in exchange for Gulf states recycling their dollar revenues into U.S. Treasurys has been broken.
Original source:The Japan Times ↗
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