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Saudi Arabia-US petrodollar deal expires, no new agreement in place

DNA Thursday, 11 July 2024
A petrodollar agreement between the United States and Saudi Arabia has expired on June 9 and as per reports the Gulf nation has decided not to renew the deal.
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News video: Saudi Arabia Ending the Petrodollar Explained: Interview with Dr. Carla Norrlöf

Saudi Arabia Ending the Petrodollar Explained: Interview with Dr. Carla Norrlöf 18:12

 News recently broke that Saudi Arabia ended its longstanding agreement with the U.S. to trade oil in U.S. dollars, sparking fear and widespread discussion about what de-dollarization could mean for America.

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