This Isn’t Just an Oil Deal—It’s a Signal Indonesia joining the line to purchase Russian oil might look routine on the surface. It’s not. This is a newly added BRICS member aligning its energy strategy with another BRICS heavyweight—Russia. And in today’s environment, energy trade isn’t just about supply and demand. It’s about which system you operate inside. Because for decades, global oil transactions have been tied to one thing: the U.S. dollar. That system is now being tested. The Petrodollar System Is Under Pressure Here’s the foundation most people overlook: The U.S. dollar dominates globally largely because oil is priced and traded in dollars. Countries need dollars to buy energy. That demand props up the currency and keeps global…
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