The unraveling of the PetroDollar is happening. Japan jut agreed to pay Yuan for Iranian oil now. They were already using Yuan for Russian Oil.

solstice a day ago | parent | next [-]

I'd like some credible source for the Japan claim, please. Per https://www.jluggage.com/blog/fact-check/japan-buying-oil-in... it is a rumour.

leereeves a day ago | parent | prev [-]

> The unraveling of the PetroDollar is happening.

Suppose that is true. Would it matter?

Oil is rarely traded in Euros but the Euro is still a strong currency.

	▲	ben_w a day ago \| parent [-]
		> Suppose that is true. Would it matter? Matter for what? IIRC, the USD is over-valued by about 10% due to being a world reserve currency. End USD dollar dominance, and you get most of Trump's baseline tariffs forever, except on top of rather than instead of whatever extra tariffs Washington puts on imports and you can't undo them. My first thought was to wonder about the inflationary impact of all the USD outside the USA ending up back in the USA, but then I remembered how macroeconomics has way too many feedback loops (and first-order surprises because of those feedback loops) for me to guess the full impact, especially given this isn't my field.