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The Guardian - UK
The Guardian - UK
Business
Heather Stewart

Trump’s Iran strikes accelerate the world’s drift from dollar dominance

Egyptian women in Islamic dress walk past a poster depicting US dollars and other currencies
International trade is still denominated by the greenback. Photograph: Amr Nabil/AP

Donald Trump’s attack on Iran, with its puerile Pentagon nametag Operation Epic Fury, is another show of violent force from a bullish administration.

Aside from unleashing fresh instability across the Middle East, the strikes add to the sense of a US operating with little regard for international law or global norms – as with Trump’s on-off tariff regime, and the attack on Venezuela.

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