If Biden’s Economy Were ‘Strong,’ Our Trade Partners Wouldn’t Be De-Dollarizing

The 50-year petrodollar agreement between the United States and Saudi Arabia that designated the U.S. dollar as the global-trade currency for oil sales ended on June 9. The U.S. dollar was essentially the “gold standard” of the global oil trade. Now this is no more, renewing concerns about “de-dollarization” and the future...