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
-
Red Lines and Supply Chains: Trump’s Approach to Trade and Security
Video
The Trump administration is increasingly linking trade policy to national security. Join Emily Kilcrease, senior fellow and director of the Energy, Economics, and Security Pro...
By Emily Kilcrease
-
Ziemba: Struck By Energy Deal Between India & Saudi Arabia
Video
Saudi Arabia and India have agreed to deepen energy ties and cooperate more closely on tourism and technology as the countries seek to strengthen relations at a time of turbul...
By Rachel Ziemba
-
What is President Trump’s Economic Plan?
Podcast
Global financial markets plunged as investors braced themselves for a shock to the flow of international trade. Faced with prolonged market turmoil, within days the US Preside...
By Emily Kilcrease
-
Bloomberg Businessweek: Age of Economic Warfare
Podcast
Columbia University Senior Research Scholar and adjunct senior fellow at the Center for a New American Security, Edward Fishman on US credibility and how that is affecting its...
By Edward Fishman
