The petrodollar agreement was a deal between the US and Saudi Arabia, where Saudi Arabia would sell oil only for US dollars. This helped the US because it needed money to pay for its wars and other things. In return, the US promised to help Saudi Arabia by selling them weapons and other things. The petrodollar agreement is not exactly about the US dollar, but it helped both countries in different ways. Today, Saudi Arabia doesn't have a lot of extra money to invest, so the petrodollar agreement is not as important as it was before. But many other countries still use US dollars for their transactions, and that helps the US economy stay strong. Other countries like China and Russia might want to use their own money instead of the US dollar, but they don't have the same advantages that the US dollar has, so the US dollar will likely stay strong for a long time. Read from source...

AI's article story criticisms include:

- Focusing on the petrodollar agreement, which was not the main reason for Saudi Arabia to invest in U.S. Treasuries, but rather a byproduct of their need for a safe and liquid home for their surpluses and the U.S.'s need for deficit funding.
- Ignoring the fact that Saudi Arabia still holds significant hard currency reserves, some of them invested in U.S. Treasuries, and pegs its currency value to the dollar, which indicates their continued reliance on the dollar.
- Failing to acknowledge that the U.S. offers other nations the best place to invest for four primary reasons: the rule of law, liquid financial markets, economic and military might, and lack of better alternatives.
- Overlooking the fact that gold and Bitcoin, often rumored candidates to usurp the dollar, do not earn a return on investment and have volatile prices, making them unsuitable for currency status.
- Not understanding that stories about the death of the dollar and the rise of other currencies have been around for decades, but the dollar remains dominant due to the lack of credible alternatives.