Relationship between dollars, Iranian military exercise, oil and reserve currency

Today Iran announced that it has continued its 10-day military exercise and had tested long-range missiles .

On Saturday the United States signed a law imposing sanctions on private institutions, government and central banks with financial transactions with Tehran.

As we mentioned before, the military actions carried out so far and the threat of closing the Strait of Hormuz and the response of the United States is best understood from the perspective of economic empowerment.

The precedent for this new law that imposes sanctions on those who do business with Iran can be found in the pressures that this country was practicing for the months in which several voices talked about changing the dollar as reserve currency. Remember that this year Iran opened the bourse where Iranian oil could be negotiated and not in dollars, thus undermining their hegemony as a reserve currency.

Several countries including China and Russia were not frowned upon this new bourse or a choice of a new currency.