🔴 Oil rises with demand expected to reach its peak in the third quarter as geopolitical risks continue in the Middle East despite the rise in crude inventories in the United States.
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🇻🇪 Venezuela Turns to Crypto for Oil Sales As US Sanctions Return.

Venezuela is speeding up its implementation of cryptocurrency in crude and fuel exports, following the US reimposing oil sanctions on the country.

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JUST IN:

🇻🇪 Venezuela to use cryptocurrency for oil sales, Reuters reports.

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News Alert !!!

$IO
Saudi Arabia has announced plans to accept digital currencies for oil sales, but has not specified which ones. However, based on current trends and market capitalization, the following digital currencies could potentially be used for buying oil from Saudi Arabia:

1. Bitcoin (BTC) $BTC
2. Ethereum (ETH) $ETH
3. Petro (PTR)
- Venezuela's oil-backed cryptocurrency, which could potentially be used as a model for Saudi Arabia.
4. Tether (USDT)
- a stablecoin pegged to the US dollar, which could reduce volatility risks.
5. Saudi Arabian Digital Currency (SADC) - a hypothetical national digital currency, which could be introduced by Saudi Arabia in the future.

Please note that this is speculative, and the actual digital currencies accepted by Saudi Arabia for oil sales may differ.

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