War on Iran could usher the end of US petrodollar, Deutsche Bank says

War on Iran could usher the end of US petrodollar, Deutsche Bank says The US-Israeli war on Iran could usher in the end of the petrodollar, a key pillar of the US’s financial heft in the world, according to a new report by Deutsche Bank. "The huge strategic importance of the Middle East to the dollar's role as the world's reserve currency should not be underestimated. The current conflict could test the foundations of the petrodollar regime,” Deutsche Bank researcher Mallika Sachdeva wrote in a special report this