Iran (1953), Iraq (2003), Libya (2011), Russia (2022), Syria (2024), and now Venezuela (2026). The common denominator underlying the U.S. attacks and economic sanctions against all these countries is America’s weaponization of the world’s oil trade. Control over oil is one of its key methods for achieving unipolar control over the world’s broad trade and dollarized financial arrangements.
Weaponizing the World’s Oil Trade is the Bedrock of the U.S. Rules-Based Order
BY MICHAEL HUDSON
The prospect of the above-mentioned countries using their oil for their own benefit and diplomacy poses the most serious threat to America’s overall ability to use the oil trade to enforce the aims of its diplomacy.