The Petrodollar officially collapses as the Strait of Hormuz remains closed to the US and Israel despite a “ceasefire”.


Comments by Brian Shilhavy
Health Impact News

US corporate news headlines over the past 24 hours have claimed that there is a two-week ceasefire between Iran and the US.

But as of this writing, as the US stock market closes on Wednesday, April 8th, the only ones interested in this supposed “truce” appear to be Wall Street investors, as the “news” has caused a huge rally on Wall Street.

Prior to this, BOTH Iran and the US claimed to have “won” the war by making concessions for a “ceasefire”.

But that “news” quickly changed as the situation unfolded today, as Israel reportedly launched its biggest attacks against Hezbollah in Lebanon since the start of the war with Iran, which Iran claims violated the ceasefire agreement, while the Trump administration claims Lebanon is not part of the agreement.

And while there was reportedly some kind of agreement to keep the Strait of Hormuz open, at the time of this report, it has been officially closed by Iran, according to multiple sources, some of whom track ships passing through the strait.

However, in my opinion, the most important news to come out in the last 24 hours is US corporate news reporting for the first time that Saudi Arabia actually canceled the US dollar deal 2 years ago, as we posted here . Health Impact News at the time, as well as several other sources in the alternative media.

At the time I knew it was very important because several “trolls” tried to comment on that article and some tried to contact me directly claiming it was “fake news” because all the “fact check” sites also tried to deny it.

Here is our original article from 2024:

Saudi Arabia Ends 80-Year US PetroDollar Agreement: Joins China-Led Digital Currency Coalition

Fast forward to today as we have been at war with Iran for over 1 month and the Strait of Hormuz remains closed and now all of a sudden the corporate media has been allowed to cover this event since 2024.

Here is an article that Fortune published last night.

Two years ago, Saudi Arabia quietly canceled the “petrol dollar” agreement with the United States, which had tied the world economy together for 50 years. Then war broke out in Iran

Quotes:

The gold standard may have ended in the early 1970s, but something else quietly took its place over the next 50 years: oil. The so-called “petrodollar” system was not well understood for much of the time, but a secret agreement between Henry Kissinger and Saudi Arabia ensured that the dollar remained the dominant reserve currency.

The start of the war in Iran exposes America’s Achilles heel, although China is the heir apparent to the Petroyuan, which is why the Saudis quietly killed the petrodollar two years ago.

The US-Israeli war with Iran has put a spotlight on the power of the “petrodollar,” the cornerstone of America’s dominance of global trade, but economists warn that the currency’s architecture will crumble at the edges over the years.

Analysts are heralding 2020 as the biggest change in the world’s relationship with the dollar since 1974, and every day the Iran war continues, the cracks in the old system are getting wider and wider.

Kissinger’s secret tour

In 1974, the US made an agreement with Saudi Arabia in which the Gulf state agreed to sell oil only in US dollars. In return, the US will provide military and security assistance. The U.S., then under President Richard Nixon, was looking to tap global demand for dollars after the end of the gold standard in 1971. In the wake of the 1973 oil crisis, the US was motivated to strengthen its oil supply chain.

Because oil was and is so important to almost every industry, the “oil dollar” became ubiquitous and the dollar became the cornerstone of the world economy: Oil-rich countries needed a place to put their growing dollar reserves and turn to US treasuries. Countries that buy oil have done so with greenbacks.

But the ongoing conflict in the Persian Gulf has recently exposed the weakness of the petrodollar. After the initial attack by the US and Israel, Iran effectively closed the Strait of Hormuz, through which 20 percent of the world’s oil supply is traded. Industry experts have said some ships may be able to get past the tipping point by paying in Chinese yuan.

According to economists, the Gulf states have been quietly diversifying their trading partners in the years leading up to the current conflict, trading oil outside of the US dollar, thereby defiantly destroying the oil-dollar principle as the exclusive currency for oil trade.

EBC Financial Group analyst Michael Harris wrote in a note on Monday The share of the dollar in the world’s foreign exchange reserves has reached the maximum of the last 25 years, and has fallen from 71% in 1999 to about 57% today..

According to Fadhel Kaboub, associate professor of economics at Denison University and president of the Global Institute for Sustainable Prosperity, China is determined to take advantage of any collapse in confidence in the petrodollar. China consumes about 15 to 16.6 million barrels of oil per day, which is about 15 to 16 percent of the world’s total oil consumption.

China is following the US playbook when the petro-dollar is first floated by signaling to its Gulf allies that it can provide a “security umbrella” and alternative currency in times of geopolitical stress.

Economists at Deutsche Bank have warned that attacks by the US and Israel on Iran will continue to strain its relationship with China and further increase the value of the yuan against the dollar.

More broadly, White said, the renewed interest in the petroyuan, as well as President Donald Trump’s continued threats to redouble attacks on Iran, pointed out to other countries that there are situations where the US dollar may not be the most favorable currency.

According to Deutsche Bank, while more than 90% of cross-border trade in America is done through petrodollars. which declines to around 70% of commercial invoices in Asia Pacific and around 20% in Europe.

This, by itself, will not cause the entire system to crashe,” White said.

“But I think the increasing aggressiveness of the United States in various areas – both from the point of view of sanctions and from the point of view of war – has surprised most countries,”Do we want to be completely tied to the dollar if things go bad for any reason??’”

Full article.

This admission by the corporate media in the US that the petrodollar is going down in favor of the petroyuan is more about what the billionaires who now run this country believe in the collapse of the dollar than the political rhetoric about the Iran war.

It seems they are admitting defeat and the US can no longer control the flow of world oil.

More news from us today Telegram channel.

Iran may have just put the brakes on opening the Strait of Hormuz

Wall Street opened today with big gains on the news that the US and Iran have agreed to a 2-week ceasefire.

However, as the day progresses, people realize that Israel was not part of the deal and they just launched their biggest attacks in Lebanon since the war started.

From the Wall Street Journal MarketWatch:

Quotes:

A tense standoff between the U.S. and Iran sent crude futures sharply lower on Wednesday, drawing attention to a possible slow reopening of the Strait of Hormuz, the closure of which has stranded hundreds of ships, including giant oil tankers.

However, renewed attacks seem to be putting the brakes on it.

The Iranian news agency Fars News said on the 10th that the passage of oil tankers through the Strait of Hormuz was suspended “following Israel’s attacks on Lebanon.”

The office of Israeli Prime Minister Benjamin Netanyahu said on Tuesday that the ceasefire agreement does not include Lebanon.

Earlier on Wednesday, it was reported that Saudi Arabia’s East-West pipeline, which has emerged as an escape vent for Saudi imports as the conflict continues, was hit by a drone.

According to the Marine Traffic website and parent company Kpler, about 426 oil tankers, 34 gas carriers and 19 liquefied gas carriers are waiting for transit through the strait..

Ceasefire for all or none: Iran closes Hormuz due to Lebanese attacks

From Al Mayadin:

Quotes:

Ibrahim Rezaei, the spokesman of the National Security and Foreign Policy Committee of the Iranian Parliament, said in a message on the X TV channel:

In response to Israel’s barbaric aggression against Lebanon, the movement of ships in the Strait of Hormuz should be stopped immediately, and a firm and decisive blow should be given to prevent further attacks on the subject of Israel..”

This Iranian official paid respect to the people of Lebanon and stated that “we must not leave them alone even for a minute.”

Rezai emphasized the need for clarity on the terms of the conflict and rejected the separation of the battlefields in Iran and Lebanon, saying,Either there is a ceasefire on all fronts, or there is no ceasefire on any front.”

This article was written by Human Superior Intelligence (HSI).

See also:

Understanding the times we live in now

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Exposing Christian Zionism

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Identifying the Luciferian Globalists Implementing the New World Order – Who Are the “Jews”?

Brain Myths: Your mind and thoughts originate in your heart, not your brain

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Published on April 8, 2026



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