FACT CHECK · CURRENT EVENTS
Claim: The petrodollar died in 2024, Saudi left
FALSETHE ANSWER
A viral 2024 myth. There was no 50-year deal to expire: 1974 created a joint economic commission, not a rule to sell oil in dollars. Saudi Arabia kept pricing its oil in US dollars.
SOURCE
PolitiFact, 20 Jun 2024; Radio Free Asia fact check, Jul 2024
PEOPLE ALSO SAY
- “Petrodollar died”
- “Petrodollar is dead”
- “Petrodollar ended 2024”
- “Saudi left the petrodollar”
- “50 year deal expired”
RELATED FACT CHECKS
CONTEXTAt least 40 million died under Mao aloneTRUEBuffalo soldiers used vs NativesMISLEADINGDubai is sharia law and it worksCONTEXTGas prices are up because of Israel's war with IranCONTEXTSharia or communism: who lives under each?