Russia says BRICS could account for more than half of global GDP within 10 to 15 years, underscoring the bloc’s rising economic and geopolitical weight after its 2024 expansion.
Russian officials say BRICS economies could account for more than half of global GDP in 10 to 15 years, as the expanded bloc strengthens its role in energy, trade, and the broader shift of economic weight away from the West.
Deutsche Bank warns that Iran's demand for yuan settlement in Hormuz Strait could accelerate the decline of the petrodollar system, potentially ushering in the petroyuan era. BlackRock CEO warns of global recession if oil reaches $150.
Deutsche Bank warns Iran's demand for yuan-based oil payments through Hormuz Strait may accelerate petrodollar erosion, pushing global energy trade toward a yuan-pegged future.
Russia says BRICS economies could account for more than half of global output within 10 to 15 years, underscoring the bloc’s expanding role in energy, trade, and global economic governance.
Deutsche Bank warns that Iran's demand for yuan-denominated oil payments through the Strait of Hormuz may accelerate the decline of the petrodollar system, paving the way for a petroyuan era. The report flags structural risks but notes the dollar's resilience.
Deutsche Bank says reports of Iran requiring yuan settlement for some oil tanker transit through Hormuz could accelerate cracks in the petrodollar system and strengthen broader de-dollarization trends.
Deutsche Bank argues that Iran’s reported yuan settlement requirement for tankers in the Strait of Hormuz could intensify long-term pressure on the petrodollar system, though not trigger an immediate collapse of dollar dominance.
