 This is a complete fake news alert. Saudi Arabia is not going to stop selling oil in US dollars. In fact, there is no petrodollar pact, secret or otherwise. So there's nothing to actually renew or not renew, nor is there some paradigm shift in global finance. If you look back at the history, back in the 1970s, when the Arab oil embargo occurred and inflation spiked, the US wanted to foster closer ties with the Saudis to avert another crisis.