Saudi Arabia is reportedly mulling ‘nuclear option’ of stripping the US dollar from oil trade


(Worthy News) – The U.S. dollar is the dominant currency in oil trading, but Saudi Arabia is reportedly considering selling its crude in other currencies if American lawmakers pass an anti-OPEC bill.

The discussions, reported by Reuters, suggest that Riyadh is preparing a strategy to deal with potential passage of the No Oil Producing and Exporting Cartels Act, known as NOPEC. The legislation is widely viewed as a longshot, which means the Saudi move to marginalize the dollar is unlikely to come to pass.

Still, the kingdom has discussed the proposal with other OPEC members, two sources told Reuters. Another source said Riyadh has broached the subject with U.S. energy officials. [ Source: CNBC (Read More…) ]

10
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Russia And Ukraine Trade Deadly Strikes As Civilians Continue To Suffer (Worthy News Radio)
Andy Burnham Set To Become Britain’s New Prime Minister Monday
Ukraine Protesters Demand Army Chief’s Ouster As Russian Strikes Kill Civilians
Germany Warns Of Imminent Attack Risk Amid Train Violence
Uganda Halts School Trips After Bus Crash Kills 20 Pupils
Trump Warns of ‘Shocking’ Election Vulnerabilities, Says China Obtained Data on 220 Million U.S. Voters
Trump Administration Designates Juárez Cartel, Los Viagras as Foreign Terrorist Organizations
US Approves Nearly $2 Billion Arms Sale to Saudi Arabia as Middle East War Escalates
Democrats Shift Away From Israel as Majority Back Aid Cut
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News