Iran and the Petrodollar Threat to U.S. Empire

Click here to access article by Christopher Doran from New Left Project. 

Iran poses a far more serious threat to the U.S. than its disputed nuclear aspirations. Over the last few years, Iran has unleashed a weapon of mass destruction of a very different kind, one that directly challenges a key underpinning of American hegemony: the U.S. dollar as the exclusive global currency for all oil transactions. 

See my comments from an earlier post on this general subject.