Comment by mayhemducks
Comment by mayhemducks 18 hours ago
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.
It's ironic, isn't it? After going to war so many times to protect the petrodollar, the US deleted the petrodollar itself.