But I mean the world runs on oil and it's all priced in and traded in dollars (except the Iranian Oil Bourse I guess). Used to be if you traded oil in something not dollars you would be welcoming a visit by some cruise missiles.
Sure, but if we stop buying then They go bankrupt.
They don’t really have pricing power.
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I’ll trade mark for you.
🤷♂️
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Well, they can sell to their B customers, like India, for a lower price in a crappier currency.
Right.
Lower price.
Worse currency.
Dollar stay.
For the time being.
A sign of desperation, of course.
