Petrodollar Agreement

Following the Saudi Arabia’s exit from the petrodollar deal, one would wonder what would propel Saudi Arabia to exit this deal after such a long time. Could it be a coincidence that this exit also happen to clash with Saudi Arabia’s new membership with BRICS. What then would this mean for the future of the US dollar?

Saudi Arabia has decided not to renew its petrodollar deal with the United States, which expired on Sunday, June 9, 2024. How does this affect the 2024 Presidential Election?