Saudis Threaten to Ditch Petrodollar as “Nuclear Option” to Block NOPEC Bill

Three years ago – almost to the day – Saudi Arabia rattled its first sabre towards the United States, with an implicit threat to dump US Treasuries over Congress’ decision to allow the Saudis to be held responsible for the 9/11 attacks. In a stunning report at the time by the NYTimes,  Saudi Arabia told … Continue reading Saudis Threaten to Ditch Petrodollar as “Nuclear Option” to Block NOPEC Bill