Iran Conflict May Accelerate the Weakening of the Petrodollar System, Says Deutsche Bank Report

A Blow to the Petrodollar System

Deutsche Bank's research division in its latest report points out that the conflict in Iran could destabilize the dollar's dominance in global oil trading, noting, 'This conflict could act as a catalyst eroding the dominance of the Petrodollar, potentially marking the beginning of the rise of the Petro-Yuan.'

Deutsche Bank strategist Malika Sakdeva released a report on March 24 titled 'The Impact of the Iranian Situation on the Dollar: A 'Perfect Storm' for the Petrodollar...'