Saudi Arabia did not extend the 50-year agreement with the United States on oil trade exclusively for dollars. It expired on June 9, 2024.

Thanks to the agreement, Saudi Arabia received supplies of American weapons, and the US dollar received the status of the world’s reserve currency.

Now the Saudis will be able to sell oil in other currencies.

Two pieces of news a day are not in favor of the American dollar: first, Russia announced that it was switching to the yuan, now Saudi Arabia is starting to set its own rules of the game.

@@Aleksandrshevchenko