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Iranian politician Malik Shariati says the main issue that can be painful for Washington is the petrodollar issue; "In the first step, to harm America, the oil infrastructure should be targeted"

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  • Since 1974, oil replaced gold in exchanges and formed an important part of the dollar's support; This chain must be broken.
  • In the first step, to harm America, the oil infrastructure should be targeted. That is, if the enemy wants to hit other targets from us, should target only the oil facilities so that the amount of damage is as extensive as possible.
  • On the other hand, there is the issue of the Strait of Hormuz; If you want to weaken the dollar, should change the topic of buying oil only in dollars through the Strait of Hormuz.
  • In eastern Saudi Arabia, oil processing infrastructures known as Bagiq facilities are responsible for the production of about 7mln bbls of Saudi oil per day. Targeting these facilities can reduce oil production in the long term.
  • Right now, when the US is attacking us with an illegal naval blockade, should go to these facilities by announcing deadlines and staggered escalation intervals.
  • Can even make the enemy aware of our action by firing a warning shot first, and if there is no deterrent, we can quickly target these facilities and take the initiative.

Context

The statement from Iranian politician Malik Shariati underscores an aggressive stance regarding the petrodollar and the US's reliance on oil trade in dollars. Targeting oil infrastructure in the Middle East could escalate tensions, disrupt oil supply chains, and weaken the USD's position globally, leading to volatility in energy prices and implications for commodities and foreign exchange markets.

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