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The real reasons for the US-Israeli war on Iran, explained

Geopolitical Economy Report

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Iran's Challenge to the Petrodollar

This chapter explores Iran's efforts to diminish the U.S. dollar's dominance by utilizing currencies like the yuan for oil trade. It examines the historical roots of the petrodollar system in the 1970s and the geopolitical ramifications that continue to shape U.S. relations with oil-producing nations. The chapter highlights the implications of a potential shift towards de-dollarization in the Persian Gulf, indicating threats to U.S. economic hegemony.

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