Yard time now for money powe politics obviously there are still a lolot of questions about the street of Hormuz right now in the midst of all of that, the Financial Times is reporting that Iran will be demanding tolls to pass through the strait and they want it to be paid in cryptocurrency. A spokesperson for Iran's oil exporters union told the Times that paying in crypto ensures the tolls cannot be traced or confiscated because of sanctions. The nightcap is still here, you know what I'm turning to first Ji ...

The petrodollar was built on one promise: the US Navy keeps shipping lanes open, and oil settles in dollars.Both broke this year.Iran is now collecting tolls through Hormuz in Bitcoin. $1 per barrel.Nobody is pricing what just happened.[Presented by @JoinHorizon] https://t.co/KKfcXWeMXJ ...

RT Doug Stokes (@ProfessorStokes)The petrodollar thesis is a zombie argument. The $ dominance rests on the depth and liquidity of US capital markets, the enforceability of US contract law, the openness of the US capital account, and the absence of any credible alternative that offers all three simultaneously. ...

MATT: FUTURES HIGHER TO KICK OFF THE WEEK. 30 MINUTES UNTIL THE START OF CASH TRADING. I AM MATT MILLER. DANI: I AM DANI BURGER. "BLOOMBERG: OPEN INTEREST" STARTS NOW. ANOTHER WEEK OF ULTIMATUMS. PRESIDENT TRUMP ESCALATES THREATS ON IRAN AS U.S. ALLIES PUSH FOR A CEASE-FIRE. DANI: JAMIE DIMON WAYS IN, URGING THE U.S. TO GET STRONGER TO MAINTAIN ITS MILITARY AND ECONOMIC MIGHT. MATT: KEY ECONOMIC DATA IT WILL SHOW HOW MUCH OIL PRICES IN TRUMP'S WAR IN IRAN HAVE ALREADY BOOSTED INFLATION. DANI: I DON'T KNOW W ...

RT Nick Szabo (@NickSzabo4)If the most commonly expressed opinions of the petrodollar were true, Treasury rates would already be back up to their late 1970s levels, at best, and gold would be well above $10,000.Instead 30-year Treasuries are 4.9%, within their trading range over the last two years. Gold doubled in the year before the current war, but since the war retreated off its highs. Markets know that the Iran+Oman control over Hormuz is not some big financial catastrophe for the U.S. ...

If the most commonly expressed opinions of the petrodollar were true, Treasury rates would already be back up to their late 1970s levels, at best, and gold would be well above $10,000.Instead 30-year Treasuries are 4.9%, within their trading range over the last two years. Gold doubled in the year before the current war, but since the war retreated off its highs. Markets know that the Iran+Oman control over Hormuz is not some big financial catastrophe for the U.S.Nick Szabo (@NickSzabo4):@shanaka86 Does anyb ...

The underlying logic of the petrodollar — US stability in exchange for Gulf oil dollars flowing into Treasuries — has been broken, Aaron Brown says (via @opinion) https://t.co/gGOYhyVDoA ...

Since the 28th of February 2026, the global energy market has been paralyzed by the war in the Middle East. The Straight of Hormuz, which normally handles approximately 20% of global oil and 25% of global liqufied natural gas, has seen its vessel traffic drop by an estimated 90 to 95%. This represents the effective removal of roughly 21 million barrels of oil per day from the global market.And as a direct result of this disruption, Brent crude prices have surged past $112 a barrel, an 84% year-to-ate increa ...

Market Performance - Global equities surged on optimism regarding a potential de-escalation in the Iran conflict, with the three major US indices experiencing their best day since May of the previous year [4][10] - The Nasdaq led the gains, increasing by over 3.8%, while the S&P rose just shy of 3% and the Dow added around 2.5% [4] - Despite the rally, March was a challenging month for US markets, with all three main benchmarks ending between 4.5% and 5% lower, marking their worst quarterly performance in nearly four years [5][48] Sector Performance - In March, 10 out of 11 sectors ended the month down, with industrials suffering the most at nearly 9% decline, while energy was the only sector to close in positive territory, gaining 10% [6][50] - Year-to-date, the energy sector has gained close to 40%, with major companies like Exxon and Chevron seeing double-digit increases [50] Geopolitical Context - President Trump indicated that the US could end its military campaign in Iran within two to three weeks, which has contributed to market optimism [10][12] - The UAE is reportedly preparing to join a military coalition to reopen the Strait of Hormuz, which could significantly impact oil supply and pricing [14][18] - Analysts warn that if the Strait remains closed for an extended period, oil prices could potentially reach $200 per barrel [18] Currency and Oil Pricing - The ongoing conflict in Iran raises questions about the future of the US dollar's dominance, particularly in oil pricing, as the Middle East's oil is crucial to global trade [27][29] - There are indications that some Middle Eastern oil could start being priced in currencies other than the dollar, particularly the Chinese yuan, which could lead to a more multipolar currency system [33][35] - The US remains the world's largest oil producer, but much of its production is consumed domestically, which may not fully shield the dollar from potential shifts in global oil pricing [37][39]

Core Viewpoint - The dominance of the U.S. dollar in global trade, particularly through the "petrodollar" system, is being challenged by geopolitical tensions, particularly the U.S. conflict with Iran, which may facilitate the rise of China's currency [1][4]. Group 1: Petrodollar System - The petrodollar system originated from a 1974 agreement where Saudi Arabia priced its oil in U.S. dollars and reinvested surpluses in U.S. assets [1]. - Oil's critical role in global manufacturing and transport incentivizes supply chains to use the dollar, as oil is priced and invoiced in USD [2]. - The U.S. provided security guarantees to Saudi Arabia in exchange for its dollar recycling, which included military support and ensuring navigation in the Strait of Hormuz [2]. Group 2: Current Geopolitical Landscape - The U.S. military presence in the Middle East has changed, with Iran still capable of threatening the Strait of Hormuz, potentially leading to transactions in Chinese yuan [4]. - Iran's military capabilities have inflicted damage on U.S. assets, complicating the security of Gulf energy infrastructure [5]. - The petrodollar system has faced pressure from U.S. sanctions on oil from Russia and Iran, leading to increased use of alternative currencies like the yuan [5]. Group 3: Digital Currency Initiatives - Saudi Arabia's participation in the mBridge project, a digital currency initiative led by China, indicates a shift away from dollar reliance in payment systems [6]. - The ongoing conflict may further challenge the U.S. security framework for Gulf infrastructure and maritime security for global oil trade [6].