China brokers Iran-Saudi peace: big blow to petrodollar, geopolitical game changer
Geopolitical Economy Report
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BRICs - The World Commodities Superpower
Saudi Arabia is one of the world's largest producers of oil. Brazil and Iran are also consistently within the top 10 largest producer of oil in the world. The global commodities markets are going to be basically determined by the BRIC system, says Julian Zelizer. South Africa has revealed that BRICs is working on creating a new global reserve currency to get off US dollar.
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