The Network · 2026-03-25 06:32:58 · Bloomberg Markets
The escalating conflict in Iran is applying direct pressure to the bedrock of the global financial system: the U.S. dollar's dominance in oil trade. Deutsche Bank analysts warn that the geopolitical shockwaves from the war are actively testing the dollar's role as the world's primary petrocurrency, creating a tangible ...
The Vault · 2026-03-25 08:57:10 · Bloomberg Markets
Indian oil refiners are executing a quiet but significant financial pivot, increasingly settling purchases of Russian crude using currencies other than the US dollar. This move directly challenges the dollar's traditional dominance in global energy trade and is a tactical response to escalating geopolitical friction an...
The Network · 2026-03-25 17:57:19 · ZeroHedge
India's state-owned and private refiners have locked in a massive 60 million barrels of Russian crude for May delivery, a volume that doubles February's purchases and matches March's intake. This surge in procurement, secured at premiums of $5 to $15 per barrel over Brent, directly counters supply anxieties stemming fr...
The Network · 2026-04-13 23:22:30 · Bloomberg Markets
The escalating conflict in Iran is injecting new momentum into a long-standing strategic ambition: challenging the US dollar's dominance with China's yuan. This geopolitical shock is reviving discussions and enthusiasm around the potential for a 'petroyuan'—a mechanism for pricing and settling oil trades in Chinese cur...