
Iran has offered Europe a deal on the Strait of Hormuz that could change the global financial system. At first glance, it seems like a simple transit agreement through the strait, but the consequences could be colossal. Twenty percent of the world’s oil passes through the Strait of Hormuz, and energy prices in Europe have already soared: gas has increased by 100%, oil by 60%, and diesel fuel now costs $200 per barrel. The dollar is losing influence: over the past 25 years, the share of the American reserve currency has dropped from 70% to 56.9%. Iran has joined BRICS, Russia has banned dollar transactions, and gold has already reached $5,500 per ounce.
If Europe accepts the deal and pays in euros or yuan, it will show the world that bypassing the petrodollar is possible. The petrodollar has been the foundation of U.S. financial dominance since 1974. If its role weakens, demand for the dollar will fall, the share of the reserve currency will decrease, and the U.S. will lose the ability to finance its debt on preferential terms. This is not just a regional war; it is an attack on the global U.S. financial system.












