The US relationship with Saudi Arabia still builds major headlines, especially considering the new President Trump’s stubborn stance on the topic. In this video we will explore the relationship, including the history of the Petrodollar agreement.
Points discussed include:
– The origins beginning with the Yom Kippur War, resulting in US ‘shuttle diplomacy’ and OPEC retaliation.
– How the Nixon Shock economic measures led to issues for OPEC countries.
– How the Petrodollar relationship has begun to deteriorate in recent years, leading to a decreased reliance on the US dollar.
The related article is here:
▶️Watch part two here:
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#Petrodollar #SaudiArabia #Oil