Iran has used its status as a leading oil and gas producer to promote dedollarization, rejecting the US dollar and trading with China, Russia, India, and other BRICS members in their national currencies. Ben Norton explains the Western economic war on Iran, and Tehran's response.

VIDEO: https://www.youtube.com/watch?v=_ziGNmvOh6k

US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan: https://www.youtube.com/watch?v=NmYybJZo3fo

The real reasons for the US-Israeli war on Iran, explained: https://www.youtube.com/watch?v=OwH780cEcEQ

Topics

0:00 US dollar's "exorbitant privilege"

0:50 Sanctions: weaponization of US dollar

1:33 De-dollarization

3:54 Economic warfare

5:15 History of US meddling in Iran

6:41 Geopolitics of oil

7:22 Iranian leaders promote de-dollarization

8:42 BRICS trade in national currencies

10:33 Iran's oil and gas production

10:51 Gulf flirts with petroyuan

11:34 History of petrodollar system

12:31 OPEC oil embargo

13:55 Saudi King Faisal

14:30 OPEC oil embargo

14:55 Nixon-Kissinger deal with Saudis

16:50 Super Imperialism

17:39 Oil backs US seigniorage

19:31 Saudi Arabia and petrodollar

20:20 US pressure on Saudi Arabia

21:44 War on Iran

22:27 Why USA wants regime change

23:47 Outro