Saudi ends Petrodollar deal with US - In Depth Analysis | Saudi Arabia, US Oil Geopolitics Economy

The end of the 50-year US-Saudi petrodollar deal marks a significant shift in global oil trade dynamics. Saudi Arabia's decision to diversify currency acceptance in oil transactions reduces dependence on the US dollar, reshapes geopolitical alliances, and potentially weakens US economic influence. This analysis explores the historical context, reasons for the deal's termination, and its far-reaching implications for the US, Saudi Arabia, and the global economy.
#saudiarabia #usa #petrodollar #oil #energy #geopolitics #economy #USSaudiRelations #Petrodollar #GlobalOilTrade #USDollarDominance #SaudiOilExports #GeopoliticalShifts #EconomicImpact #CurrencyDiversification #OPEC #BrettonWoodsSystem #EnergyMarkets #GlobalEconomy #USSaudiPartnership #RenewableEnergyTransition #SaudiAramco #BRICS #ExchangeRateRisks #MilitaryAlliances #OilMarketDynamics #InternationalTrade
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[@anushkamishra1216]

Hi Amit sir. i discovered this channel a few years ago and you and your channel have truly grown. We appreciate your videos. thankyou so much 🙏🏻

[@maheshrathod204]

It would be really good if China and Russia India worked together ❤❤ we will dominate the world just like western or i5 dominate right now 😢

[@vickclash7955]

The best news of the month!

[@JoeBiden1776]

Its still trading at 84 in india and going strong everywhere. Seems like your future generations will have to further live under its dominance

[@GururajBN]

This is the most lucid explanation about the termination of petrodollar agreement and its pros and cons. Many thanks. This is another big leap towards dedollarisation.

[@sanjay_yadav]

Fake news alert: Saudi Arabia is not going to stop selling oil in US dollars (USD), and they're not ending any petrodollar pact. In fact, there is no petrodollar pact, secret or otherwise. So, there's nothing to renew (or not renew). Nor is there any “paradigm shift” shift in global finance.

[@cubansoy]

There was never a petrodollar agreement.

[@CautionCU]

@@cubansoy Pretty much but people like this too busy looking for the illuminati to listen to reason

[@heatedpants8437]

​@@cubansoy not an official one

[@bellakrinkle9381]

@@cubansoy Correct, it served the US & Saudis well. But, TG it's over, creating a more equitable world, ideally.

[@prateetkhurana2968]

Thankyou sir! I don’t know why you never ask people to like and subscribe to your channel. Guys, it’s our moral responsibility to appreciate good work.

[@RobertCollins-fq5tw]

Weoponising the dollar will eventually end the dollar.

[@brianliew5901]

Uncle Sam is tired of the dollar being the reserved currency and it seems like their goal is achieved. 😂😂😂😂

[@Samuel-hd3cp]

Brian. Yes that's it. It's the US that got tired of exporting it's debt. Clown comment Brian.

[@brianliew5901]

@@Samuel-hd3cp Isn't Uncle Sam's the one on cloud nine now that the world is dedollarizing? All those dollars are going back to the States and Americans are going to get very, very rich like Trump said he was. 🤑🤑🤑🤑🤑

[@cosmopolitanwonder9675]

US have weaponised the dollar for 50 years enough is enough. The colonial thieves have invaded enough countries to steal the resources from those countries.

[@hubreydavid7864]

Saudi Arabia was under the wing of America always pumped up with weapons, and looked what happened, the next will be Taiwan after they can't effort to buy🎉anymore USA weapons and once America shifts all the chip plants to the USA, Taiwan will be just like Saudi Arabia getting rid off the dollar. Most of those chip workers will detect too China sooner than expected.

[@eduardarhipov4144]

I'm seriously considering joining your VIP group because I know that your strategies are truly game-changing. Thank you for all the incredible work you do!

[@SirBenjamin-oq1wd]

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@Manselus-mn1mn]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

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That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

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Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@anopheles4417]

The best yt channel for geopolitics , this channel is a gem mine for upsc candidates.

[@josephnakale7343]

Everything have the beginning and end, in this case hegemony and weaponising currency.

[@passionatelife8496]

History is never boring . You make history very interesting. People like me started showing so much of interest on history

[@JohnDoe-gk5xj]

Great information and explanation of the petrol dollar.

[@Dumka78]

Some US media are now spreading propaganda that there is no such thing as petrodollar. 😂

[@yu-jd5jg]

After China's brokered Saudi Arabia and Iran resumed a cordial relationship and reopened their embassies, There is no more a need for the SA to be protected by the US militarily at a cost. In addition, BRICS+, in which SA is a new member, countries are distancing from using the US$ in their trades

[@pavanshetty9806]

Things are not so simple. Enemity still exists.

[@11385djg]

You forgot the main possibility, that is 50 years ago USA was KSA’s biggest customer of their oil. Fast forward to today, China now is the biggest buyer of KSA’s oil. So why would KSA, still price their oil based on USD if their no.1 customer is not USA??

[@jayantisswani]

Please see the full video. He has mentioned that.

[@antonio00075]

USA has gotten its self in a pickle it seems… 80s 90s China was full of rice Paddie’s with men tilling the land with rolled up pants and straw wide triangular straw hats… now they’rea super power that can reek havoc on any country thanks to the American Business man that thought the can increase their profits buy building their businesses in China and replacing American jobs in particular manufacturing. It’s been done before with Taiwan, Mexico, Philippines, Japan and so on… but China did a major flip of the script; with Chinas 1.43 billion people vs USA 300 million people, its become a power house with sheer numbers alone (imho) this is what and what’s happening. Thanks American businessmen.😢 also if your sleeping with the enemy never underestimate their intentions , 101.

[@SandeepChauhan-gi6rb]

Rightly said, also China is the most competitive exporter that makes petro yuan the most suitable alternative to the US dollar for Saudi.

[@hamzamahmood9565]

Becauss Saudi currency is pegged to USD? Because Saudi is dependent on USA for their security against Iran and its proxies?

[@willowdesk]

China pegs to the dollar

[@Ollycave22]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[@user-tn6cs6ed8y]

Trading in Bitcoin now is the wisest thing to do now especially beginner....

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Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.

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Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders

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Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.

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You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?

[@JBC100]

Thanks for bringing more clarity

[@abhilashn2993]

Nice to see you back. Vandemataram

[@shakuntalasonar1683]

Jai guru great master antarik pranam you are the universe teacher and video univarsal truth 👍🏽🌹👌🏽🙏🏽

[@pgbabu14]

very informative and thank you for your wonderful narrative.

[@grietjehuggan]

Thank You very much. Yes, I found it very informitive. I understand better now and am quite happy Brics + is gathering momentum now. Peace, Neutrality and Honest Prosperity.

[@fAhdbaLLaHo]

ur 1 of the best political analyst today!

[@santroley]

Very good narratives please keep speaking geo politics. Thanks

[@devine_devil]

thanks for the update👍

[@railsofsouthern]

Many thanks to you sir, for the video.

[@beyou9237]

I have been following ur videos from last couple of years and i find them very much informative and interesting. So my request is that if u could get these videos dubbed with hindi vocal , that would be of much help to the larger people and they need it badly.

[@saikiranpenekalapati2311]

Very much good explanation sir,pls do bring out more such of these type of videos❤

[@golu0314]

Hello Amit sir! Appreciate your videos. This particular story that you have covered (petrodollar arrangement) it has been termed misleading by various outlets stating that there was no such agreement between the two countries.

[@abedasadien9315]

Thank you Goita I've always believed that you Mali Niger and Burkina Faso will go far because your thoughts are first for your people may you 3 countries go from. Strength to strength

[@ederalmeida6308]

Excellent analysis.... as always

[@derekbull7386]

Now they must kick troops out of Saudi (Pronto).!!!!

[@ByttenizAmoron]

Go Saudi Arabia. Support from Americans.

[@tsul....96]

Wow😱Sir, Try to upload everyday if you're free. I wait for your videos only

[@vladimirputin0333]

Tq sir, your videos are very informative

[@GreenIsland38]

Very good information, well presented and explained A very good move by Saudi Arabia.

[@manish5151]

Sir your way of representing is excellent,I have one request to you if possible sir please make daily the Hindu analysis of UPSC preservatives,it will be very helpful for the learner's like me . please consider sir if possible it's a humble request 🙏🙏

[@Sinhmar-ajay]

Excellent

[@officebsdctg1960]

Thank you sir

[@alibargh]

I really enjoy your informative and well organized videos, thanks 😊

[@rmz1661]

Very educational and informative video. Thanks for the upload :)

[@kamakhyaprasad6790]

Great analysis 👍

[@alisora9424]

Good of KSA.Make a paradigm shift in global geo politics.

[@ribeirojorge5064]

Thaaannnk Yooouuu BRICS ❤️ 💚 💜

[@khitmatdewan]

ONE OF THE BEST TEACHER ❤

[@user-eo3gb1cq9d]

We are proud of our bricks countries 👏 and the new members that joined in January 2024 its high time the dollar must drop from South Africa

[@sonalis8471]

You are bang on target.. Very useful video 👍

[@nagarajanp8390]

❤

[@karunamoorthyd]

Thank you so much for the update.

[@saqibnajam1931]

Not one day dude, as you said it had an expiry date which implies both parties were well aware the expiry date is closing in.

[@a.a.4924]

There never was 50 years agreement that Saudi Arabia had to price their oil exclusively in US dollars!

[@albinjames8404]

Hi Amit, I find your videos more informative and I wait for future video as equivalent wait for House of dragon episodes ❤

[@user-ib4gc9gc1s]

The end of western hegemony🔥💯

[@tracyeaves4847]

The dollar will remain the petrodollar for the foreseeable future and beyond. The Saudis cannot protect themselves, they need a protector which the US accepts this role. No other currency can withstand the global trading fluctuations like dollar.

[@MsJeswanth]

do a video on rothschild and their influence

[@bellakrinkle9381]

I'd love that and surely many others are also in the dark about the granddaddy of Capitalism, yes?

[@cleanmessengers]

There is no petro dollar signed document ... Nobody has shown the signed document until now

[@mochimochi3373]

Great reporting summed up everything nicely

[@mondiraroy675]

Plz invite Dr. Ankit Shah as he is brilliant in geopolitical predictions.

[@Unfollowthem]

China is Internationalised its CBDC they are slowly Taking place in Global.... Here India is slept and not promoting CBDC at all. CBDC is most important in Global market.

[@santusanturohit4832]

RBI will introduce in 2025-26..we are slow

[@chillxxx241]

The US dollar had replaced the British pound sterling as the predominant global reserve currency in the 1920s; more than 20 years before Bretton Woods.

[@AdilshaMakbool]

Now saudi arabia needs Democracy 🦅🦅🦅🦅

[@josue_kay]

Yes, the LGBTQRSTUVWXYZ+ will soon be conducting Pride parades around Mecca once Uncle Sam "liberates" Saudi Arabia. 🌈

[@eddiedaly2551]

Remember there is not an actual deal to end. Nothing on paper so its a story about the end of a deal that was not a deal.

[@jaimedu5350]

WAW! Now the whole world will experience the BALANCE OF RESOURCES Made by GOD.

[@hanquenaga8535]

Thank you sir...

[@pradeepkumarmoghe4551]

Good information but sorry to say that you are late in bringing out this information as it is already in the news for last 15 days

[@priyantha0]

Very informative.

[@alvinpleasant2510]

Thanks for sharing

[@hnm9san708]

👌👌👌👍👍👍👏👏👏

[@TANGO41388]

गुरु अमृत सेन गुप्ता 🙏🌷

[@anarasi]

There is no official petro dollar. Saudi Arabia reserves are still primarily in US dollars and that won’t change anytime soon.

[@3r01]

Saudi arabia currency is literally pegged to the USD.

[@abhignanm7630]

What is the impact on American Banks and Indian software industry post dedollarization

[@JasTheKariol]

It's simple, the eurasian market now includes better trade partners than the US.

[@stingehte]

This is a hot topic for views. And all of them are posing as there existed a dollar deal and most importantly the KSA news media hasn't expressed they are withdrawing dollar deal.

[@CameroonDiaz845]

Saudi Arabia currency is already pegged to USA dollar. This might have some long term impact on USA printing more currency, while exporting inflation to other countries, but i thing dollar is going no where.

[@mitzieketner7627]

How will this effect affect the US Military Industrial Complex?

[@freddieb1260]

Excellent work loved it

[@Robau1]

The author missed the change in oil sources and production in the past 40 years. What percentage of overseas oil did the U.S. import from the Middle East in the 1970’s as compared with 2024? Big changes! Foreign policy reflects the change in priorities.

[@Clay-t3h]

High time the money monopoly is uprooted

[@ribeirojorge5064]

One Global Vision Multiple Local Governments ❤️ 💚 💜

[@shivendrasingh4631]

I think US is energy independent after they came up with fracking which is a method used to extract oil and natural gas from shale and other types of tight rock formations.

[@jain-wt2ou]

Price of oil is still be calculated based on USD, and other countries will be paying based on conversion rate, thus dollar is still continuing to enjoy its status.

[@sundararajanramaswamy4606]

Very nice presentation. Look forward for more n more of yours.

[@nelapatisateesh1567]

Hi sir Your voice is so good And your slow explanation sir

[@hidum5779]

hello sir, how long will it take for the world to get diversified?

[@andrew_koala2974]

03:15 Pound and Yen symbols are incorrect. Both are reserve Currencies and THEREFORE have TWO lines in the symbol -

[@jackielone1035]

SA must be careful that the US may want to bring "democracy" to them and bring "freedom" to SA, creating another Libya or Syria. In which case the US will be going downwards faster than it is now 😂

[@DD-vf9ow]

Renewables are real, the transition to new energy will reshape the world economy again. California, 5th largest economy on the planet just demonstrated fossil fuel free power management. So oil is becoming slowly a commodity of the past - cheers to Saudi for realizing and diversifying its connections and trading flexibility in this world. China is by far leading in new energy installations and NEV. the world needs to embrace cooperation and spread the new products worldwide

[@davidmooten6646]

all the signs this was going to happen were there for years....and this is a good development.

[@allibanga3003]

Military assistance and financial security is with china as leading customer now , secondly brics group against sanctions based on Dollar.

[@GeNeoSider]

US debt bonds dumping will jump up.

[@josdesouza]

If the US government can print dollars at will, then why does it have to sell bonds to borrow dollars from investors?

[@rakiyamusa845]

Great move Saudi ❤❤

[@Buy_YT_Views.415]

YESSS!👏🏾🤧💛💛

[@Lmbl24180]

Well, isnt Saudia's oil wheels have been dried? Replaced by other Asian, North Europe, Africa and north to South America?

[@baltukur3368]

this is good for the global South us hegemony must end

[@KKOPPONG]

There is no downside to the Saudi’s decision to leave the petrodollar & here’s why. They don’t have to use anyone’s currency. They can use whatever currency they want so fluctuations won’t really affect them. Just because, for example, they’d be trading with let’s say China they’d expect the Yuan as payment but if they trading with a country like Mongolia they don’t have to ask for whatever cure is in Mongolia they’d simply still ask for the Yuan. They can ask for whatever currency they want from whoever they want whenever they want.

[@keirenle]

Hi Amit, I noticed some places rebutted the claim that there is indeed an agreement between Saudi and America to use dollars in the petroleum trade exclusively. Where can I find evidence that such agreement was made?

[@b2w292]

Who ever challenged petrodollar(USA) had a bitter end example gaddafi ,saddam , King faisal etc...

[@navin221]

Always with good details ❤

[@SuperFrazil]

But Saudi never signed any agreement as far as i know .is there any proof of the agreement?

[@Canyouseemeanna]

0:49

[@Debasis_Sarkar13]

Frankly speaking, I used to read more in comments section than the your videos.

[@chakraborty1989]

I pray for the safety of MBS.

[@thomasclaesson1631]

The headline is interesting but not necessary true…