Iran War: Is Petrodollar Dominance Coming To An End? By Alaba Abdulrazak
The war now unfolding in and around Iran is doing far more than inflating oil prices and rattling global markets; it is quietly exposing the fragility of the petrodollar itself. For decades, the arrangement has been simple: oil flows out of the Middle East, and dollars flow back in, underpinned by an implicit bargain that the United States would guarantee security and stability for its regional allies. Yet as missiles fall closer to Gulf capitals and the Strait of Hormuz flickers on the edge of disruption, that bargain now looks increasingly outdated—and increasingly fragile.
The cracks in the system are not just symbolic; they are structural. With the Strait effectively morphing into a militarised toll‑road, reports suggest that a portion of energy‑linked transactions and even congest...
