Saudis threaten US with ‘Nuclear Option’ to kill petrodollar; warns not to go ahead with NOPEC bill

Saudi Arabia has threatened to use the “nuclear option” of undermining the petro-dollar if the U.S. moves forward with the NOPEC bill. The U.S. Congress has been mulling legislation, known as the NOPEC bill, which would allow the US  Justice Department to take antitrust action against OPEC for manipulating the oil market. Specifically, the bill would […]

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