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.

  • Video
    • February 9, 2025
    Trump Targets Steel, Aluminum with 25% Tariffs | Bloomberg: The Asia Trade

    Emily Kilcrease, senior fellow and director of the Energy, Economics, and Security Program at the Center for a New American Security (CNAS), joins to discuss tariffs and the b...

    By Emily Kilcrease

  • Podcast
    • February 7, 2025
    O Canada! Making Sense of Last Weekend's Tariffs

    Emily and Geoff digest this past weekend’s on-again, off-again 25% tariffs on Canada and Mexico, as well as the 10% tariffs on China (that at least for now are still here), an...

    By Emily Kilcrease & Geoffrey Gertz

  • Commentary
    • Foreign Affairs
    • February 6, 2025
    A World Safe for Prosperity

    U.S. President Donald Trump jolted the global economy this past weekend when he announced sweeping tariffs on Canada, China, and Mexico, the United States’ three largest tradi...

    By Geoffrey Gertz & Emily Kilcrease

  • Video
    • February 5, 2025
    Ziemba: Trump, Gaza Plan Unlikely to Come to Fruition

    Rachel Ziemba, an Adjunct Senior Fellow at the Center for a New American Security (CNAS), discusses Donald Trump's proposal that the US should take control of the devastated G...

    By Rachel Ziemba

View All Reports View All Articles & Multimedia