The Real Reasons Why Iran is the Next Target: Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil. “This notion that the United States is getting ready to attack Iran is simply ridiculous...Having said that, all options are on the table.” – President George W. Bush, February 2005 Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions, and likely include a proposed Iranian “petroeuro” system for oil trade.
Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency. In 2003 the global community witnessed a combination of petrodollar warfare and oil depletion warfare. During an important speech in April 2002, Mr. Iraq Body Count. Mubahith. Saudi Arabia. Saudi Arabia is a monarchy without elected representative institutions or political parties. It is ruled by King Fahd bin Abd Al-Aziz Al Saud, a son of King Abd Al-Aziz Al Saud, who unified the country in the early 20th century. Since the death of King Abd Al-Aziz, the King and Crown Prince have been chosen from among his sons, who themselves have had preponderant influence in the choice. A 1992 royal decree reserves for the King exclusive power to name the Crown Prince.
Crown Prince Abdullah has played an increasing role in governance since King Fahd suffered a stroke in 1995. The Government maintains control of the various security forces. The population is approximately 22.1 million with a per capita gross domestic product (GDP) of $7,564. The Government's human rights record remained poor. The Government views its interpretation of Islamic law as its sole source of guidance on human rights and disagrees with internationally accepted definitions of human rights. A. B. C. D. E. F.