The Anti-Iran Alliance Is Cracking

Rosneft’s Sanctions Hedge Play One of the key underpinnings of US global economic power is the use of the US dollar for global trade transactions, but sanctions make that a far less attractive setup for other powers. It is no coincidence then that we are starting to see a de-dollarization drive from a variety of players. After much talk about Russia switching to the Euro, Russian oil giant Rosneft is taking the first concrete step toward this reality: Traders have told Reuters that Rosneft has informed them that future tender contracts for…