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by jcranmer
1403 days ago
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Answer: nothing. No country has been invaded by the US military, or any other military for that matter, after selling, or even attempting to sell, oil in non-USD. Not Russia, not Iran, not Venezuela, not Iraq, not Libya, none of them. (And I include the last few because there's no evidence they even attempted to sell oil in non-US currencies.) |
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Are you sure about that? Iraq was selling oil for euros and was then invaded in 2003.
https://www.theguardian.com/business/2003/feb/16/iraq.theeur... (published about a month before the invasion)
> Almost all of Iraq's oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.