As of June 9th, 2024, Saudi Arabia has decline to renew the 50 year Petrodollar

As of June 9th, 2024, Saudi Arabia has decline to renew the 50 year Petrodollar agreement.

This agreement provided security and weapons to Saudi Arabia in return for Saudi Arabia pricing oil in US Dollars, which helped maintain the US dollar as the world reserve currency.

Another crack in the dominance of the US dollar.