The United States and Saudi Arabia have been tied at the hip for decades. But now, it’s looking like the Kingdom is ready to ...

Reports of Saudi Arabia ending the longstanding petrodollar deal with the US emerged last week, sparking online discussions ...

O n June 9, there was a rash of reports that Saudi Arabia would not be renewing its 50-year-old petrodollar agreement with the US. Thus ended an extended period when the US dollar pretty much had ...

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 ...

The Petrodollar system, born from 1970s agreements between the United States and Saudi Arabia, rests on three pillars: oil priced in dollars, transactions settled in dollars, and oil revenues recycled ...

Adnan Khashoggi was the embodiment of the extraordinary riches that the petrodollar brought to his homeland, Saudi Arabia - although his fortune was made in arms deals rather than oil. Khashoggi ...

IN THE 1970s, the petrodollar became the symbol of a seismic ... gold under a Dhahran salt dome and changed the history of Arabia forever. It is surely significant that 1975, the year the Bahrain ...