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

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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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Опубликовано:

30 июн 2024

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Комментарии : 692

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@anushkamishra1216 5 дней назад

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 5 дней назад

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 😢

@SirBenjamin-oq1wd 5 дней назад

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 5 дней назад

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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@RobertCollins-fq5tw 5 дней назад

Weoponising the dollar will eventually end the dollar.

@brianliew5901 5 дней назад

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

@Samuel-hd3cp 5 дней назад

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

@brianliew5901 5 дней назад

@@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 4 дня назад

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 4 дня назад

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.

@user-ib4gc9gc1s 5 дней назад

The end of western hegemony🔥💯

@tracyeaves4847 День назад

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.

@vickclash7955 5 дней назад

The best news of the month!

@JoeBiden1776 3 дня назад

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 5 дней назад

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 5 дней назад

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 5 дней назад

There was never a petrodollar agreement.

@CautionCU 5 дней назад

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

@heatedpants8437 5 дней назад

@@cubansoy not an official one

@bellakrinkle9381 5 дней назад

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

@eduardarhipov4144 2 дня назад

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!

@anopheles4417 5 дней назад

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

@passionatelife8496 5 дней назад

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

@prateetkhurana2968 8 часов назад

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.

@JohnDoe-gk5xj 5 дней назад

Great information and explanation of the petrol dollar.

@pgbabu14 17 часов назад

very informative and thank you for your wonderful narrative.

@11385djg 5 дней назад

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 5 дней назад

Please see the full video. He has mentioned that.

@antonio00075 5 дней назад

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 4 дня назад

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

@hamzamahmood9565 4 дня назад

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

@willowdesk 4 дня назад

China pegs to the dollar

@santroley 5 дней назад

Very good narratives please keep speaking geo politics. Thanks

@abhilashn2993 5 дней назад

Nice to see you back. Vandemataram

@JBC100 5 дней назад

Thanks for bringing more clarity

@fAhdbaLLaHo 5 дней назад

ur 1 of the best political analyst today!

@shakuntalasonar1683 5 дней назад

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

@hidum5779 4 дня назад

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

@yu-jd5jg 5 дней назад

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 4 дня назад

Things are not so simple. Enemity still exists.

@josephnakale7343 5 дней назад

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

@AdilshaMakbool 5 дней назад

Now saudi arabia needs Democracy 🦅🦅🦅🦅

@josue_kay 5 дней назад

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

@ByttenizAmoron 5 дней назад

Go Saudi Arabia. Support from Americans.

@devine_devil 5 дней назад

thanks for the update👍

@saikiranpenekalapati2311 5 дней назад

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

@beyou9237 5 дней назад

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.

@abhignanm7630 5 дней назад

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

@grietjehuggan 3 дня назад

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.

@mitzieketner7627 3 дня назад

How will this effect affect the US Military Industrial Complex?

@SuperFrazil 5 дней назад

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

@Canyouseemeanna 20 часов назад

0:49

@GreenIsland38 4 дня назад

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

@railsofsouthern 5 дней назад

Many thanks to you sir, for the video.

@abedasadien9315 3 дня назад

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 5 дней назад

Excellent analysis.... as always

@cleanmessengers 4 дня назад

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

@keirenle 5 дней назад

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?

@tsul....96 5 дней назад

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

@golu0314 5 дней назад

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.

@kamakhyaprasad6790 5 дней назад

Great analysis 👍

@Lmbl24180 4 дня назад

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

@Dumka78 4 дня назад

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

@andrew_koala2974 4 дня назад

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

@Sinhmar-ajay 5 дней назад

Excellent

@manish5151 4 дня назад

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 🙏🙏

@ribeirojorge5064 3 дня назад

Thaaannnk Yooouuu BRICS ❤️ 💚 💜

@albinjames8404 5 дней назад

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

@vladimirputin0333 5 дней назад

Tq sir, your videos are very informative

@MsJeswanth 5 дней назад

do a video on rothschild and their influence

@bellakrinkle9381 5 дней назад

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

@khitmatdewan 5 дней назад

ONE OF THE BEST TEACHER ❤

@alisora9424 5 дней назад

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

@officebsdctg1960 5 дней назад

Thank you sir

@rachitkapahi139 5 дней назад

Euro vs dollar! Interesting times ahead. Ukraine to Gaya!!😂

@lalhriatpuiahauchhum3286 5 дней назад

RIP💀

@pradeepkumarmoghe4551 5 дней назад

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

@nagarajanp8390 3 дня назад

❤

@TANGO41388 5 дней назад

गुरु अमृत सेन गुप्ता 🙏🌷

@sonalis8471 5 дней назад

You are bang on target.. Very useful video 👍

@user-eo3gb1cq9d 5 дней назад

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

@Clay-t3h 5 дней назад

High time the money monopoly is uprooted

@derekbull7386 5 дней назад

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

@chillxxx241 4 дня назад

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.

@saqibnajam1931 4 дня назад

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.

@ribeirojorge5064 3 дня назад

One Global Vision Multiple Local Governments ❤️ 💚 💜

@pedrocavalcante5822 5 дней назад

Could it cause WWIII? The dollar and its hegemony may be in decline.

@jain-wt2ou 5 дней назад

No country is bellicose as they were in 1940's , and all knows the consequences of a war, so no country will be willing to fight a war with others. Only US needs a war, to sell their weapons, by selling to both sides.

@shiviAroundtheWorld 4 дня назад

Will this make US reevaluate its policy towards Venezuela?

@mondiraroy675 День назад

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

@bno5357 3 дня назад

No more USD paper currency ,no more war.

@pslove-zm4vd 4 дня назад

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..

@sandalSanders-vt8ii 4 дня назад

Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God

@SolangeMarro 4 дня назад

Thanks to my co-worker (Carson ) who suggested Ms Christy Fiore

@SolangeMarro 4 дня назад

She's a licensed broker here in the states🇺🇸 and finance advisor.

@Vanzee-fb2xb 4 дня назад

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

@massey-bx3ht 4 дня назад

Can I also do it??? My life is facing lots of challenges lately

@eddiedaly2551 День назад

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.

@rmz1661 5 дней назад

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

@CameroonDiaz845 5 дней назад

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.

@jain-wt2ou 5 дней назад

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.

@rakiyamusa845 3 дня назад

Great move Saudi ❤❤

@shivendrasingh4631 5 дней назад

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.

@priyantha0 5 дней назад

Very informative.

@selectedworks9253 5 дней назад

There has never been such an agreement. This is lies

@Robau1 3 дня назад

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.

@davidmooten6646 4 дня назад

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

@alibargh 5 дней назад

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

@jonczko3568 5 дней назад

I wrote you to speak about petrodollar some time ago you still don't get it all

@alvinpleasant2510 5 дней назад

Thanks for sharing

@BK-qu6lj 3 дня назад

Does this issue mean that countries no longer need to hold dollars in reserve and in Western banks and are banks in danger of losing money?

@MrJchang27 5 дней назад

if you want people to treat you with respect, then you should treat them with respect too.

@stingehte 3 дня назад

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.

@dlradlt1 3 дня назад

What Petro Dollar agreement? No such agreement ever existed.

@allibanga3003 5 дней назад

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

@DD-vf9ow 4 дня назад

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

@manojbhandari1140 5 дней назад

मुझे ज्यादा English आती नही पर जिस clarity के साथ आप बोलते हो और एक trust worthy sound eco करता है और to the Poinl और बहुत ही डिप्ली रियलिटी से जुड़े होते हैं heads off you

@hanquenaga8535 5 дней назад

Thank you sir...

@seanhibbeler 5 дней назад

Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth!

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Successful investment starts with clear goals and risk assessment, often best done with a financial advisor's help

@chryscreech 5 дней назад

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

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James Clark's market insights have consistently led to profitable decisions.

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Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

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From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

@arnabsamantaIFS 5 дней назад

Sir make a video on new laws....

@Buy_YT_Views.415 5 дней назад

YESSS!👏🏾🤧💛💛

@anarasi 5 дней назад

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

@3r01 4 дня назад

Saudi arabia currency is literally pegged to the USD.

@josdesouza 5 дней назад

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

@Solana-t9w 2 дня назад

Our Congress seems disconnected from the feelings of many Americans. Many individuals are frustrated with the current administration. It's disheartening to see so many people struggling to make ends meet.

@CassandraNebort 2 дня назад

The global economy is currently facing a worldwide of challenges. From the fallout of the pandemic to unpredictable market fluctuations, stability seems like a distant dream..

@KierGroup-ui8kn 2 дня назад

In these peculiar times, the US dollar presents a paradox. Inflation is chipping away at its value, yet it’s gaining strength against other currencies and assets like gold and real estate.

@Susan-n2z 2 дня назад

I've seen individuals accumulate over a million during economic crises and perform even better under favorable conditions. Undoubtedly, someone's gain always accompanies a collapse.