Why the US wants to control Middle East oil: to preserve dollar dominance

2026-03-26 — GeopoliticalEconomyReport — original

Why has the US waged war for so long in the Middle East (West Asia)? It wants to control the major oil-producing countries in the region, like Iran, to make sure they only sell petroleum in dollars, not other currencies -- thereby maintaining the petrodollar system as a key pillar of global US dollar dominance. Ben Norton explains.

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