Saudi Arabia ready to ditch petrodollar as ‘nuclear option’ to stop NOPEC bill – reports | WHAT REALLY HAPPENED

Saudi Arabia ready to ditch petrodollar as ‘nuclear option’ to stop NOPEC bill – reports

Saudi Arabia is reportedly threatening to sell its oil in other currencies if the US passes a bill permitting antitrust lawsuits to be filed against OPEC members in US courts, a move which would decimate the tottering petrodollar.

If the US infringes on OPEC states' sovereign immunity and greenlights lawsuits for antitrust violations, energy officials in Riyadh are prepared to sell their oil in other currencies, according to multiple sources familiar with Saudi energy policy, one of whom told Reuters the threat has already been communicated to high-ranking US energy officials.

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