The Strait of Hormuz and the Petrodollar
From
Joseph Pereira@1:103/705 to
All on Wed Apr 1 04:13:51 2026
Now that the US clearly cannot win the war against Iran, it is also clear that Iran has now gained control over the Strait of Hormuz. Thank you, Trump. Well arranged!
Iran will now determine who is allowed to sail and who is not.
Unless the Gulf States themselves are bold enough to attack and sink the ships Iran wants to let through.
For in effect, the states then have each other by the throat. They all benefit from free passage, including Iran.
The US says it will leave in a week or two. If that is really the case, then that is the end of the petrodollar. After all, it was the US that offered protection provided the states in the region settled oil transactions in dollars.
If the US no longer wishes to guarantee the protection of free passage, then the need to use the dollar has also disappeared. That would have far-reaching consequences, because it would seriously jeopardize the dollar's status as a global currency.
What if China, in cooperation with Iran, were to arrange the "protection" now? All countries would then have to pay for oil in yuan. Then you have China's protection and free passage.
It would be confirmation of a long-standing trend that the US is a world power in decline.
Not started by Trump, but accelerated by Trump
.
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