Is the Yemeni blockade on Saudi Arabia extending to strike the American economy

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Exclusive Follow-ups – Al-Khabar Al-Yemeni:
The US is facing an unprecedented economic crisis, combining the depletion of its war with Iran and the repercussions of Yemen’s blockade on Saudi navigation, which have shaken the petrodollar and Asian bond duality, threatening the dismantling of the foundations of the financial system on which the dollar’s hegemony has been built for decades.
It is worth noting that America’s financial strength depends on two main pillars: first, the petrodollar system based on the flow of Gulf oil in dollars, which has suffered a severe blow after US imports of Saudi oil fell to zero for the first time since 1985, with the continued closure of the Strait of Hormuz and Sana’a’s imposition of a naval blockade on Saudi navigation, leading to the contraction of the Saudi economy and a decline in oil loadings from Yanbu port. The second pillar is American bonds purchased by Asia, and the existential threat looming over Washington as both Japan and China begin to abandon the dollar as a safe haven.
Japan, which has investments in the US market worth about $1.2 trillion, is facing a severe crisis due to the halt of 95% of its oil imports from the Gulf as a result of the closure of the Strait of Hormuz, leading to a decline in the yen’s value, rising inflation, and insurance company losses amounting to $98 billion in June.
Economic analysts believe that Tokyo may be forced to save its economy by taking actions that were considered American red lines, such as stopping the purchase of US bonds, withdrawing its investments from Washington in favor of the Japanese or Asian market, or shifting to buying gold as an alternative safe haven instead of the dollar. This could be considered the largest Japanese blow to the dollar

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