Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Dedollarization: How Iran challenges US dollar dominance and the petrodollar system
24 minutes Posted Jul 1, 2025 at 10:19 am.
US dollar's "exorbitant privilege"
Sanctions: weaponization of US dollar
De-dollarization
Economic warfare
History of US meddling in Iran
Geopolitics of oil
Iranian leaders promote de-dollarization
BRICS trade in national currencies
Iran's oil and gas production
Gulf flirts with petroyuan
History of petrodollar system
OPEC oil embargo
Saudi King Faisal
OPEC oil embargo
Nixon-Kissinger deal with Saudis
Super Imperialism
Oil backs US seigniorage
Saudi Arabia and petrodollar
US pressure on Saudi Arabia
War on Iran
Why USA wants regime change
Outro
0:00
24:01
Download MP3
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