Riyadh Oil Treaty Ended Obituary – Cause of Death : Saudi ends 80 yr oil deal w/ US, USD impact 📉

death – obituary– Cause of Death News : to the deceased as it may be disrespectful.

The news that Saudi Arabia has decided to stop trading oil in US dollars marks a significant shift in the global financial landscape. For the past 80 years, the Gulf nation has relied on the US dollar as the currency for its oil transactions. This decision not to renew the long-standing deal is seen as a major step towards a paradigm shift in global finance.

The implications of this move are far-reaching and potentially devastating for the United States. The decision to trade oil in US dollars has historically forced countries around the world to hold onto large reserves of the American currency. This has helped to prop up the value of the dollar and solidify its status as the world’s primary reserve currency.

With Saudi Arabia now moving away from the US dollar, other countries may follow suit, leading to a decreased demand for the currency. This could weaken the dollar’s value and undermine its status as the global reserve currency. The implications for the US economy could be severe, with potential impacts on inflation, interest rates, and overall economic stability.

The decision by Saudi Arabia to stop trading oil in US dollars represents a major blow to the US and its position in the global economy. It underscores the need for the US to reassess its economic policies and strengthen its position in the international financial system. The shift away from the US dollar as the primary reserve currency could have long-lasting effects on the global economy, with ripple effects that extend far beyond the oil market.

In conclusion, the news that Saudi Arabia has decided to stop trading oil in US dollars is a significant development with profound implications for the United States and the global economy. The shift away from the US dollar as the primary reserve currency represents a major challenge for the US and underscores the need for a reevaluation of its economic policies. The repercussions of this decision are likely to be felt for years to come, as the world adjusts to a new financial paradigm.