Dedollarization: How Iran challenges US dollar dominance and the petrodollar system
Iran has used its status as a leading oil and gas…
Geopolitical Economy Report · Ben Norton
July 1, 202524m 1s
Audio is streamed directly from the publisher (feeds.soundcloud.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Iran has used its status as a leading oil and gas producer to promote dedollarization, rejecting the US dollar and trading with China, Russia, India, and other BRICS members in their national currencies. Ben Norton explains the Western economic war on Iran, and Tehran's response.
VIDEO: https://www.youtube.com/watch?v=_ziGNmvOh6k
US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan: https://www.youtube.com/watch?v=NmYybJZo3fo
The real reasons for the US-Israeli war on Iran, explained: https://www.youtube.com/watch?v=OwH780cEcEQ
Topics
0:00 US dollar's "exorbitant privilege"
0:50 Sanctions: weaponization of US dollar
1:33 De-dollarization
3:54 Economic warfare
5:15 History of US meddling in Iran
6:41 Geopolitics of oil
7:22 Iranian leaders promote de-dollarization
8:42 BRICS trade in national currencies
10:33 Iran's oil and gas production
10:51 Gulf flirts with petroyuan
11:34 History of petrodollar system
12:31 OPEC oil embargo
13:55 Saudi King Faisal
14:30 OPEC oil embargo
14:55 Nixon-Kissinger deal with Saudis
16:50 Super Imperialism
17:39 Oil backs US seigniorage
19:31 Saudi Arabia and petrodollar
20:20 US pressure on Saudi Arabia
21:44 War on Iran
22:27 Why USA wants regime change
23:47 Outro