Bridger PenningtonFund Launch & Investment Expert

With oil captured in Iran and Venezuela it puts a stronger chokehold on China

2 Mar 2026 · 1 min

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1:01

Bridger Pennington explains how recent operations in Iran and Venezuela affect China's oil supply. China imports 72-75% of its oil, making it vulnerable to disruptions that could strengthen the U.S. dollar and petrodollar system.

Chapters

Oil is the big story behind this Iran operation. Now there's other stuff going on. I'll let you guys debate that online, but this is massive with China. You think about Venezuela we just took out. Now Iran. China right now imports roughly 72 to 75% of its oil production. And they are doing that primarily not using US dollars. If you remember the petrodollar, we wrote a whole book on this called Dollars, Gold, and Bitcoin. My dad authored this and me and my brother co-authored it with him. Discussing how pretty much every major war and conflict comes back to oil, the petrodollar, dollars, gold, and Bitcoin. Geopolitical sense— China now will have to buy oil in US dollars, whether buying from Venezuela, from Iran, or down here you see Saudi Arabia is one of their big trading partners. Now they can still buy with Russian rubles off the Swiss system, but this brings people back to the dollar. The dollar is United States' number one export. Anytime you mess with that export, things start to go bad for your country.