Bloomberg acknowledges that the US war on Iran is backfiring, undermining the petrodollar system that gives the US empire so much power.
Gulf regimes are exporting significantly less oil, and they're not reinvesting those petrodollars in US assets.
Meanwhile, many foreign… https://t.co/syNeIkKN3i pic.twitter.com/cG5Ec7ZTd8
— Ben Norton (@BenjaminNorton) April 7, 2026