Saudi Arabia has recently allowed the petrodollar agreement with the United States to expire1.
This agreement, which has been a cornerstone of the global financial system for the past 50 years, essentially tied the sale of Saudi oil to the US dollar.
The expiration of this agreement marks a significant shift and could potentially disrupt the global financial order2.
Saudi Arabia Drifts Away from Washington and the Dollar | Mises Institute - https://mises.org/mises-wire/saudi-arabia-drifts-away-washington-and-dollar
