US attack on Venezuela| Oil politics- Venezuela hurts US Dollar| End of Petrodollar| Rise of Brics

Описание: Assalam o Allacum,
Dr.Tahir Aziz Zafar.
From
History Unfold.
In early 2026 the United States carried out a major military strike in Venezuela, capturing President Nicolás Maduro after years of political tension. The official U.S. reasons cited were narco‑terrorism, drug trafficking threats, and border security concerns. Washington also argued that sanctions and diplomacy failed to remove Maduro, prompting forceful action. Analysts say a deeper motive relates to Venezuela’s vast oil reserves — the largest in the world.Oil is still central to global power; control over Venezuelan energy influences markets and strategic leverage.Venezuela had been moving toward selling oil in non‑dollar currencies like Chinese yuan and euros.de‑dollarization efforts undermine the petrodollar system that supports U.S. global financial primacy. The U.S. government sees challenges to the dollar’s dominance as a strategic threat. BRICS (Brazil, Russia, India, China, South Africa) has promoted alternative payment systems and reduced reliance on the dollar. China is a key partner of Venezuela, buying oil and providing loans, making Beijing critical in the broader geopolitical struggle. After the attack, Beijing condemned U.S. actions and warned about threats to sovereignty and international law. The Venezuela case highlights intensifying US–China rivalry in Latin America. BRICS expansion and de‑dollarization efforts aim to create a multipolar financial order. This shift has contributed to concerns over the future stability of the U.S. dollar’s global role. The Venezuela crisis is both a local conflict and a sign of larger global economic and geopolitical competition.
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