Global·NewlyNewsZA

Does the Iran war mark the beginning of the end of US dollar hegemony?

ZA · · Daily Maverick

The global energy transition is no longer being driven primarily by climate policy, but by the geopolitical and financial contradictions of the petro-dollar order itself. As China and India electrify at scale and expand renewable-powered growth, rising oil instability is accelerating a shift toward a multipolar, multi-currency world in which energy, finance and geopolitical power are being fundamentally reconfigured.