Comment by direwolf20
Comment by direwolf20 a day ago
Which is why the US historically bombed any country that sold oil for other currencies, but now china is negotiating the petroyuan and it's working.
Comment by direwolf20 a day ago
Which is why the US historically bombed any country that sold oil for other currencies, but now china is negotiating the petroyuan and it's working.
It's ironic, isn't it? After going to war so many times to protect the petrodollar, the US deleted the petrodollar itself.
Interesting - The petroyuan was not on my radar at all.
https://ipr.blogs.ie.edu/2025/06/27/geopolitics-of-oil-how-c...: This article explores case studies such as Russia, Iran, and Venezuela, illustrating how the petroyuan has been implemented to bypass sanctions and reduce dependence on US financial systems.