Ironically the exchange rate between the Euro and USD has improved in favor of the dollar after the war began.
My guess is issues in the straight leads to more American fossil.fuels.being purchased by Europe, strengthening the dollar.
Comment on Middle East war strengthens case for renewables, say clean energy experts
kibiz0r@midwest.social 5 days ago
The bonkers thing is: if you wanted to attack Iran, as the US, you’d need to be willing to cut ties to the GCC.
That means investing in renewables, having a way to stabilize USD without the petrodollar (global free trade with big trade deficits is a good way), and keeping energy demand fairly predictable.
Instead we got: repealing investments in renewables, tariffs, and spiking energy demands due to reckless data center build-outs.
Ironically the exchange rate between the Euro and USD has improved in favor of the dollar after the war began.
My guess is issues in the straight leads to more American fossil.fuels.being purchased by Europe, strengthening the dollar.
silence7@slrpnk.net 5 days ago
Yeah, Trump behaves as if the national interest of the United States is not his top priority.