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🔥 FREE access to our exclusive Trader Masterclass: https://duomotrading.com/FreeMastercl... ___ In this video we will explore the relationship, including the history of the Petrodollar agreement. 💻 Check out the products and services I use for my trading: https://duomotrading.com/Resources 📺 Market Movers is our second channel covering financial news and analysis: / marketmoversfinancialnewsandanalysis 💬 If you’d like to get in touch, you can reach us on social media or leave a comment on this video - we read all of them and try to respond to as many people as possible. ▶ Instagram: / duomoinitiative ▶ Facebook: / duomoinitiative ▶ Twitter: / duomoinitiative 🌍 Website: https://www.duomoinitiative.com ECONOMICS The US relationship with Saudi Arabia still builds major headlines, especially considering the new President Trump's stubborn stance on the topic. In this video we will explore the relationship, including the history of the Petrodollar agreement. Points discussed include: The origins, beginning with the Yom Kippur War that resulted in US 'shuttle diplomacy' and OPEC retaliation. How the Nixon Shock economic measures led to issues for OPEC countries. How the Petrodollar relationship has begun to deteriorate in recent years, leading to a decreased reliance on the US dollar. The related article is here: http://seekingalpha.com/article/40251... ▶️Watch part two here: • THE BIGGEST IPO IN HISTORY - SAUDI AR...