Reports of Saudi Arabia ending the longstanding petrodollar deal with the US emerged last week, sparking online discussions about the potential decline of the dollar as the world's reserve currency.

Tran concluded: "In this context, how Saudi Arabia approaches the petrodollar remains an important harbinger of the financial future to come as its creation was fifty years prior." Editor's note ...

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms ... The dominance of the U.S. “petrodollar” continues to this day. Recent news coming out of Russia, however, suggests ...