BREAKING: Iran’s Supreme National Security Council claims Tehran achieved a “historic victory” over the U.S. and allies, says Washington agreed in principle to a 10-point plan including sanctions relief, non-aggression, and regional military withdrawal — statement via Fars News…
The Petrodollar: How a Deal with Saudi Arabia Reshaped the World
Historic Economics Oct 9, 2025
After the Gold Standard died in 1971, how did the U.S. dollar not only survive but become more powerful than ever? The answer lies not in gold, but in oil. This is the story of the Petrodollar system.
In this documentary, Historic Economics uncovers the landmark 1974 agreement between the United States and Saudi Arabia that redefined global power. We explore:
The 1973 Oil Crisis: The geopolitical chaos that forced the U.S. to seek a new economic anchor.
The Strategic Partnership: The details of the arrangement that offered U.S. security in exchange for oil being priced exclusively in dollars.
The Petrodollar Cycle: A simple explanation of how this system creates a permanent global demand for U.S. currency.
The Consequences: How this single deal has influenced U.S. foreign policy, the global economy, and the dollar's status as the world's reserve currency for the last 50 years.
"When you have an ego the size of Montana in President Trump, thinking that he can use this toy of his and send them wherever he wants to and they will execute cleanly like they did in this mission... he's in for a very rude awakening."@MarkHertling on Trump's Iran strategy. pic.twitter.com/2oUB2BGua1
🇺🇸First time in history America completely isolated by all G7 countries and allies.
- 🇩🇪 Germany — No military involvement - 🇮🇹 Italy — Ruled out participation - 🇪🇸 Spain — strongly ruled out - 🇯🇵 Japan — No current plans to send naval vessels. - 🇦🇺 Australia —… pic.twitter.com/bHt8wCp8ja
JUST IN: New video shows crowds locking arms around Iranian power plants, creating HUMAN SHIELDS – a striking scene as Trump's 8p.m. deadline for the Islamic Republic nears.
Iran has rejected the latest terms, raising the stakes with just hours to go. pic.twitter.com/XNB3w4BQRV
BREAKING: Human chains of women and young children continue to be formed in front of bridges and power plants in Iran, while most of them probably don't even know about Trump's disgusting threats.
❤️🇮🇷 BREAKING: IRANIANS are forming human-chains nationwide on bridges & around critical infrastructure to safeguard their country against U.S & Israeli strikes pic.twitter.com/tGcTfd2jEp
Iranian Tar player Ali Ghamsari is currently camped at Damavand Power Plant, which provides a significant amount of electricity to Tehran. Ghamsari says he’ll remain there for a while in the hopes that his presence will protect it from bombing. pic.twitter.com/9jHG5ROX4k
— Victims of Capitalism Memorial Foundation (@karaokecomputer) April 7, 2026
Iranian Musician, Ali Ghasmari plays next to a power plant, as Trump threatens Iran with war crimes including destroying power plants. pic.twitter.com/QIPnAPNiKv
— Iran Embassy in Thailand ☫ (@IranInThailand) April 7, 2026
A war powers resolution will not be enough. Yes. We need to assert congressional authority and stop this illegal war in Iran. But, Trump is clearly an unstable warmonger at odds with the will of the people. Removal is the top priority. No more war criminal in the White House. pic.twitter.com/SmxlRXJ3lb
Global affairs journalist Tara Kangarlou notes a growing shift, as some Iranians who initially believed the US and its allies could bring stability are now rejecting that idea after over a month of deadly attacks. pic.twitter.com/6g1HMtF3q8
Saul Takahashi, an international human rights and humanitarian lawyer, says recent US and Israeli attacks on Iran amount to clear war crimes and could expose political and military leaders to international criminal liability. pic.twitter.com/BMVinRoDRT
Lawrence O’Donnell: “This is evil. He has gone insane. Our president is not a Christian. There has never been the slightest evidence that Donald Trump is in any real sense a Christian. There’s nothing religious about him. He never go to church. He didn’t go to church yesterday on… pic.twitter.com/xOBuEELcJz
🚨BREAKING: Lawrence O'Donnell looked America in the eye tonight and said on live TV what many are thinking about Donald Trump's profane, perverse, filthy outburst on Easter Sunday to commit war crimes.
Georgia Voter: It's giving war crime. You can't do that. We don't just annihilate people because we can and, you know, make a grab for the money and the oil. And that's what we've done in Venezuela. And that's what we're doing in Iran. pic.twitter.com/ibhKh8P5G9
The President cannot order the military to violate American law, commit war crimes, and kill civilians on purpose. pic.twitter.com/W8dHaEQRrU
— Congressman Chris Deluzio (@RepDeluzio) April 7, 2026
🇺🇸 24 members of Congress have now called for Trump's impeachment or removal, most of them after he posted that "a whole civilization will die tonight."
That one Truth Social post moved more members of Congress than 5 weeks of war did.
Rep. Ansari: "Donald Trump is trying to normalize language that essentially threatening genocide, threatening the potential use of nuclear weapons ... how is nobody trying to restrain this madman who is trying to get all of us killed. We have mechanisms to restrain him that are… pic.twitter.com/IVvIYlYvbr