Saudi Arabia terminates 50-year petrodollar agreement with the US.
Saudi Arabia terminates 50-year petrodollar agreement with the US. The petrodollar deal, integral to global finance, was signed on June 8, 1974, by US Secretary of State Henry Kissinger and Saudi Prince Fand Ibn Abdel Aziz. This landmark agreement formalized a strategic partnership between the United States and Saudi Arabia, underpinning the global oil trade. […]
Saudi Arabia terminates 50-year petrodollar agreement with the US. Read More »