[ansible]

> The US government hasn't used their military to force anyone to transact in dollars, or even threatened to do so.

There were rumors that Iraq under Saddam Hussein was looking to start pricing their oil exports in something other than dollars...

[323]

Oil is trading against Yuan for a number of years now:

> Traders appear to embrace yuan oil futures contracts, pricing them similarly to the Brent and WTI benchmarks, says analyst

> According to Bloomberg Intelligence, the volume of crude oil contracts traded on the Shanghai International Energy Exchange (INE) accounted for 10.5 per cent of the global volume at the start of June compared to 6.2 per cent in the second quarter of 2018.

https://www.scmp.com/business/china-business/article/3088802...

EU also wants to start trading oil in Euros:

https://pemedianetwork.com/petroleum-economist/articles/corp...

[notahacker]

And with the Euro being explicitly set up by other countries with the intention of challenging the USD as a global reserve currency without the US so much as wagging a finger at them, it's a little hard to believe that the "real" reason a US administration dominated by neoconservative hawks resumed a decade-old conflict with an outspoken enemy in a strategically important region full of oil at a time the country was obsessed with fighting sponsors of terrorism was the relatively insignificant decision to accept Euros for some types of international payment...

The best you could say about that theory is that it's confusing cause and effect. Other nations which have been hostile to and sanctioned by the US for some time also shifted from dollars to Euros.