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
-
Are the 301 Tariffs Really About Forced Labor? with Josh Kagan
Podcast
Josh Kagan joins Emily and Geoff to give the big picture behind recent U.S. tariffs related to forced labor, as well as providing an insider’s view on the future of trade and ...
By Emily Kilcrease & Geoffrey Gertz
-
Trump’s Replacement Tariffs Will Have Unintended Consequences for USMCA
Commentary
Ultimately, this is a choice between two models of economic leadership. One relies on rules, predictability, and partnership. The other leans on discretion, leverage, and shor...
By Emily Kilcrease
-
U.S. Inflation Picks Up to 3 Year High, Eroding Paychecks
Video
Chris Kennedy, Bloomberg Economics lead for economic statecraft and adjunct senior fellow at the Center for a New American Security, breaks down the state of negotiations betw...
By Chris Kennedy
-
Ziemba: U.S. Strategic Reserves Lowest in Over 40 Years
Video
Oil prices rose after fresh US and Iranian strikes in the Gulf. President Donald Trump blamed Tehran for shooting down an American military helicopter off the coast of Oman. R...
By Rachel Ziemba
