Hard Money Herald on Nostr: The petrodollar isn't a formal treaty requiring oil sales in dollars. It never was. ...
The petrodollar isn't a formal treaty requiring oil sales in dollars. It never was. The actual 1974 agreement was simpler and more structural: Saudi Arabia would price oil in dollars and invest the proceeds in U.S. Treasuries. The mechanism mattered more than the mandate.
Published at
2026-03-09 18:03:34 UTCEvent JSON
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