'Hard to unseat the king': Iran's control of Hormuz may not be end of petrodollar

'Hard to unseat the king': Iran's control of Hormuz may not be end of petrodollar Submitted by Sean Mathews on Tue, 04/07/2026 - 21:15 US sanctions on Iran and Russia have reduced the dollar's chokehold on oil trade, but Gulf states are unlikely to ditch it Newly redesigned $100 notes are printed at the Bureau of Engraving and Printing in Washington, DC, on 20 May 2013 (Mark Wilson/Getty Images/AFP) Off Keeping control of the Strait of Hormuz will be easier for Iran than unseating the dollar's dominance of the glob