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
-
Why Is There No Trade Jail? With Ambassador María Pagán.
Podcast
María Pagán joins Emily and Geoff for a wide-ranging discussion on the past, present, and future of U.S. trade law and policy. They assess what’s working (and what’s not) at t...
By Emily Kilcrease & Geoffrey Gertz
-
Video
Middle East Security / Energy, Economics & Security
Oil Prices Continue to Underprice OutageAs the Iran war continues into its 4th week, the effective closure of the Strait of Hormuz has heightened pressure on the US and major energy importers. Iran has threatened to...
By Rachel Ziemba
-
Podcast
Energy, Economics & Security / Technology & National Security
Who Will Make Money on AI? With Paul ScharrePaul Scharre joins Emily and Geoff to talk about how commercial markets for AI might evolve and how different market outcomes may mean different types of risks for U.S. nation...
By Emily Kilcrease, Geoffrey Gertz & Paul Scharre
-
Bloomberg Surveillance TV: March 13th, 2026
Podcast
Rachel Ziemba, adjunct senior fellow at the Center for a New American Security joined Bloomberg Surveillance to discuss the Hormuz Strait, the energy markets, and Russia.Liste...
By Rachel Ziemba
