Petro dollar is the ultimate distraction.

Look here’s the facts.
Saddam talked that’s talked about moving off the dollar in November 2000 because of the oil for food program and actually he would have lost interest in his escrow account because of it. This was after 11 months of bombings that year. The UN wouldn’t create a new deal because it cost a lot of money and didn’t actually do anything. It was purely symbolic and didn’t effect anyone but Iraq because of conversion fees https://www.rferl.mobi/a/1095057.html

So instead he stopped oil production on December first. This lasted a whopping two days and that was the last of the petro dollar stuff. It had absolute fuck all to do with the war and why they were getting bombed and sanctioned for six years most of it before a Euro even existed plus gulf war 1 which was way before the EU. In 2000 Bush and Blair bombed Baghdad in January, March, April, and May and extended the oil for food program that June. Then Iraq war bombed again in August not just by the UK & US but by Turkey. Over 927 people were killed by bombings between 1998 and 2000. And it would still be three years before gulf war 2.

https://www.timelines.ws/countries/IRAQ_B.HTML

This petro dollar theme is a distraction. Iraq was a threat to Israel. America already had the oil in the oil for food program they gave that up to implement Israeli strategy from Oded Yinon. Who wrote

“Iraq, rich in oil on the one hand and internally torn on the other, is guaranteed as a candidate for Israel’s targets. Its dissolution is even more important for us than that of Syria. Iraq is stronger than Syria. In the short run it is Iraqi power which constitutes the greatest threat to Israel. An Iraqi-Iranian war will tear Iraq apart and cause its downfall at home even before it is able to organize a struggle on a wide front against us. Every kind of inter-Arab confrontation will assist us in the short run and will shorten the way to the more important aim of breaking up Iraq into denominations as in Syria and in Lebanon. In Iraq, a division into provinces along ethnic/religious lines as in Syria during Ottoman times is possible. So, three (or more) states will exist around the three major cities: Basra, Baghdad and Mosul, and Shi’ite areas in the south will separate from the Sunni and Kurdish north. It is possible that the present Iranian-Iraqi confrontation will deepen this polarization.”
https://www.ancreport.com/forum/viewtopic.php?t=9538

Putting sanctions on Iran forced them into the arms of China. This speech from Bibi lays out U.S. Policy the last decade https://www.youtube.com/watch?v=PCTQmT4_7-Q