Russian President Putin received warm welcomes in the UAE and Saudi Arabia as he meets to discuss OPEC+ and expanding diplomatic ties.
Analyst Comment: The petrodollar scheme is dead. Nations are openly trading oil in alternative currencies and OPEC leaders like Saudi Arabia and the UAE, are openly courting Russia, China and other American geopolitical enemies. The dollar will continue to coast on the momentum of its ubiquity until world war or a suitable replacement currency emerges. The days of the United States funding government through massive debt issuance are going to come to an end… soon.