August 28, 2023
Is the oil market ready to say goodbye to King Dollar?
The G7-led coalition’s price cap imposed on Russian crude is set to be tested as oil prices rise. At the same time, the greenback’s supremacy in global oil trade is being challenged.
Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security and global consulting firm Horizon Engage’s senior advisor on sanctions, delves into the sanctions and currency impacts on the oil markets on the podcast. She gives her take on the fate of the Russian oil price cap, the effects of price competition among sanctioned entities and whether we’re going to see the end of King Dollar anytime soon.
Listen to the full episode from S&P Global.
More from CNAS
-
China Highlights Imbalance in U.S. Economic Security Strategy
Commentary
To promote balanced use of protective measures, the Trump administration should develop a national economic security strategy....
By Adam Tong
-
“Chokepoints” with Edward Fishman
Podcast
Emily and Geoff are joined by Eddie Fishman to discuss his new best-selling book Chokepoints, on how America has weaponized the global economy. They share economic war stories...
By Emily Kilcrease, Geoffrey Gertz & Edward Fishman
-
Sanctions by the Numbers: 2024 Year in Review
Reports
Washington’s economic statecraft has expanded in recent years, largely in response to Russia’s war in Ukraine, competition with the People’s Republic of China...
By Eleanor Hume & Kyle Rutter
-
China’s Next Move: How the U.S. Is Losing the Economic War & What Comes Next | Edward Fishman PT 1
Podcast
Edward Fishman, an adjunct senior fellow at the Center for a New American Security (CNAS), brings a wealth of knowledge about global economics, sanctions, and the intricate ba...
By Edward Fishman
