بسم الله الرحمن الرحيم Answer to QuestionThe Truth of the Petrodollar Agreement(Translated) Question: Al-Hurra website published, 18/6/2024: (Recently, news sites have widely circulated reports talking about a Saudi-American Agreement in 1974, under which Saudi Arabia would use the dollar in all its oil sales. According to those reports, this agreement and its duration of 50 … Continue reading The Truth of the Petrodollar Agreement
Tag: Petrodollar
Will America Replace Petro-Dollar Policy?
بسم الله الرحمن الرحيم Written by Dr. Muhammed JilaniSource: Al-raiah.net(Translated) The decrease in demand for #oil followed by the increase of Saudi's and Russian's oil production and the price war between them collapsed the price of a barrel of oil on the West Texas market to fall less than a dollar. This means that oil producers … Continue reading Will America Replace Petro-Dollar Policy?