Briefly, back in 1973, President Nixon did a deal with Saudi Arabia to only sell their oil in US dollars in return for US protection of the Saudi oil assets from any foreign invader. At this time, USSR was very much a threat.
A currency known a Petrodollars was born. But now, it is rumoured that India has agreed to purchase oil from Iran with Gold, cutting the US dollar out of the deal.
Of course, the US is none too pleased about this, which may explain the presence of US Aircraft Carriers in the Persian Gulf:
http://hamsayeh.net/world/2026-iran…-carriersships-in-pg-as-mere-scrap-metal.html
This story bellow is lengthy, but well worth the read, and may just turn out to be the trigger for the next Black Swan Event
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