US-Iran War: Is The World Moving Away From The Dollar?
Edited By WION Video Desk
Published: Mar 17, 2026, 17:00 IST | Updated: Mar 17, 2026, 17:00 IST
Is the global economy slowly moving away from the dominance of the United States Dollar? The ongoing tensions involving Iran, the United States, and other geopolitical shifts are accelerating discussions around de-dollarisation in global energy trade.
Countries are increasingly settling oil transactions in alternative currencies such as the Chinese Yuan, Russian Ruble, and Indian Rupee. This shift could reshape how global commodities are priced and traded.
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