The US-Israel war on Iran is accelerating de-dollarization and America’s decline | Ahmed Moor

Ahmed Moor argues that the US-Israel conflict with Iran is accelerating global de-dollarization—the process by which countries reduce their reliance on the US dollar—at a cost of roughly $12 billion weekly for the United States. Iran's blockade of the Strait of Hormuz has driven up oil and natural gas prices, creating inflationary pressure on economies worldwide and incentivizing nations to move away from dollar-based transactions. As de-dollarization spreads, American economic power and global influence would diminish, with domestic consequences including higher borrowing costs and reduced access to credit for the US. The columnist contends that the geopolitical conflict is fundamentally reshaping the structures of the global economy, not merely depleting military resources.