The Guardian Australia · general

US-Israel war on Iran accelerates de-dollarization and threatens dollar dominance

2 days ago

The US-Israel war on Iran has led to accelerating de-dollarization, threatening American global influence. The conflict costs the US approximately $12 billion weekly and has created inflationary pressures worldwide. Iran's blockade of the Strait of Hormuz and a shift to the Chinese yuan for tolls indicate a significant challenge to dollar dominance.

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