August 28, 2023
Is the oil market ready to say goodbye to King Dollar?
The G7-led coalition’s price cap imposed on Russian crude is set to be tested as oil prices rise. At the same time, the greenback’s supremacy in global oil trade is being challenged.
Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security and global consulting firm Horizon Engage’s senior advisor on sanctions, delves into the sanctions and currency impacts on the oil markets on the podcast. She gives her take on the fate of the Russian oil price cap, the effects of price competition among sanctioned entities and whether we’re going to see the end of King Dollar anytime soon.
Listen to the full episode from S&P Global.
More from CNAS
-
Commentary
Energy, Economics & Security / Technology & National Security
Scrapping AI Export Controls Is Self-DefeatingBeijing surely has two goals in mind: Signal to domestic companies that they ought to shun American technology as soon as possible, and manipulate Nvidia to reveal how it desi...
By Liza Tobin & Matt Pottinger
-
Game Over?
Reports
The trade wargame suggests that sustained high tariffs could create leverage and urgency to spur action toward a productive restructuring of the international trade system....
By Emily Kilcrease & Geoffrey Gertz
-
Video
Indo-Pacific Security / Energy, Economics & Security
Trump Hits India with 25% TariffThere have been signs of trouble in the U.S.-India talks, according to a Lisa Curtis from the Center for a New American Security, joining Bloomberg TV, including the U.S. want...
By Lisa Curtis
-
Editor’s Pick: How Economic Warfare Impacts Energy
Podcast
This week, we’re revisiting a conversation Jason Bordoff had with Eddie Fishman, adjunct senior fellow at the Center for a New American Security, about his book Chokepoints: A...
By Edward Fishman
