Strait of Hormuz shock: How a war at sea threatens the petrodollar order
Twenty‑six years ago, the late Iraqi president Saddam Hussein made a decision that resonated far beyond Baghdad. He moved to price Iraq’s oil exports in euros instead of US dollars – a step interpreted by many observers at the time as both symbolic defiance and a practical attempt to loosen the financial constraints imposed by Washington’s sanctions regime.By Suleyman KaranWhile the shift alone did not determine Iraq’s fate, it fed into a wider confrontation with the US over sovereignty, regional power, and control of energy markets.What followed is well...
Strait of Hormuz shock: How a war at sea threatens the petrodollar order
Twenty‑six years ago, the late Iraqi president Saddam Hussein made a decision that resonated far beyond Baghdad. He moved to price Iraq’s oil exports...
Israel-US Strike Targets Iran’s Bushehr Nuclear Plant, No Damage Reported
Harare,— Israel and the United States launched another strike on Iran’s Bushehr Nuclear Power Plant late on March 24, according to Iranian authorities, in...
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