alt Hacker NewsIt’s simple. Oil is traded in USD. A large share of the oil is produced in the Middle East. If oil stopped trading in USD the value of our currency would plummet. So we have a strong interest in all oil exporters.
It’s simple. Oil is traded in USD. A large share of the oil is produced in the Middle East. If oil stopped trading in USD the value of our currency would plummet. So we have a strong interest in all oil exporters.
There's also the petroyuan [1]
[1] https://en.wikipedia.org/wiki/Petroyuan