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Though the BRICS have been doing a lot of saber-rattling about breaking away from the dollar...
OPEC remains king of oil and that means all oil transactions will be in USD. Here is the latest report from "The Minister of Oil" on Iraq's part in OPEC and their reassurance and adherence to the rules of OPEC.
Article "The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production.. .
The Ministry of Oil emphasized the crucial role of OPEC+ agreements in stabilizing global oil markets and highlighted the importance of collective efforts from all member states to maintain market balance."
