Iran has all the cards to threaten the petrodollar

No matter where we are in the world, or what we are doing, I get the feeling that the most disappointment we would have about ourselves is how everything is almost indecently monetised, especially ahead of human loss.
Whether it’s expressed regularly as in the dollar or dollars, the pound, the euro, the peso, the dinar, the ruble, or the ringgit, the rial, riyal, lira, yuan, krona, krone, renminbi, yen, dirham, yuan and won. Apparently, currencies should not be capitalised in regular text or usage, but their capitalised codes should be entirely in capitals, whether in regular form, for example, GBP for British pounds, USD for American dollars, or as with the RO for Omani rials, the EUR for the European euros, and the AED for the Emirati dirham.
This brings me to the crypto, or cryptocurrencies, of which I thought there were about a dozen or so. I was rudely awakened to find there are 130 listed on Etoro, which appears to be the primary marketplace for crypto trading, and to note that, of course, Bitcoin, Ethereum, Solana, Bittensor, Cronos and Ave seem to be the busiest, and the real-time trading is just madness! Speaking of madness, I still haven’t grasped the concept of it or how it works. To be honest, it hurts my head to think about it, especially when I learn that one man, a Satoshi Nakamoto, who owns almost 90 per cent, or 968,000 of the world’s bitcoins, which are currently trading at close to $69,000 each, in 20,000 different ‘wallets,’ making his stake worth an ever crazy, tens of billions of dollars. Trying to research Bitcoin, I fell off the ‘understanding’ wagon almost immediately after the word ‘decentralised,’ as other vocabulary such as node, blockchain, peer-to-peer, and repository left me reeling, and as soon as I read “black markets like the dark web Silk Road,” I bailed out! It’s scary! It could be some pimply-faced, ‘I don’t like Mondays,’ weirdo computer genius, who can basically go online, putting a million ‘Kryptons,’ (my made up name, cynically because kryptonite was Superman’s flaw) for you to buy, and when you pay for them, they make the half million I’ve kept, worth something... and so on and so on, until my half million coins are worth something. It’s got to be a racket, hasn’t it? Weirdly, any mention of Nakamoto, is prefaced by the fact that, as a platform requirement, he uses a sobriquet, and though he has hidden behind a Japanese identity, the currency was apparently created using British software, in English, so most investigations have started within the premise that he is, at least European, and the Japanese appellation is a ‘red herring.’ He developed the currency from 2007 to 2010, and still traded through 2011; however, he has been inactive and unsighted since 2011.
As I said earlier, everything gets monetised, and although people are perishing across Iran and the wider Middle East, nobody cares. Yet, they do care about rising oil, gas, and diesel costs, rising insurance costs, inflation, and the imperilment to global economics if Russia can pay for Iranian oil in rubles, India in rupees, Cuba in pesos, and China in yuan. Iran and the IRGC, though having few friends and little support, appear to hold more aces for now, and remain defiant and determined to make the Americans pay a hefty price.
It would shake up the global petrodollar since 1974, when Saudi Arabia agreed to payment for their oil and gas to be paid in USD, with any surplus invested in the US financial system. Given that the United States is currently labouring under a $37-trillion budgetary deficit, they need that Middle Eastern investment. In fact, the instability that scenario would create could cause the global financial crisis of the century.
To almost paraphrase Neville Chamberlain, who sought “peace for our time,” peace, at any price appears imperative. Without it... this conflict could widen, and at an inordinately greater cost.