The petrodollar system, established in the 1970s, has been vital for US economic and geopolitical dominance by ensuring global oil trade is conducted in dollars.

WASHINGTON, DC: The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC.

The U.S. is 'in active pursuit' of an oil tanker after President Donald Trump announced a total blockade of Venezuela's oil exports.

Many Americans have heard that they should worry about the staggering size of the national debt. For the first time in modern ...