The petrodollar faces increased risk, but a petroyuan is ‘far-fetched’ as fears of U.S. losing superpower status are overhyped, strategist says

President Donald Trump’s war on Iran has raised doubts about America’s superpower status and currency dominance as the Strait of Hormuz remains under Tehran’s control.

But Dan Alamariu, chief geopolitical strategist at Alpine Macro, isn’t buying predictions about a U.S. decline: “Don’t Believe The Hype (Yet).”

In a note on Friday, he acknowledged that if Iran’s regime is left standing while retaining some control over the strait, it would represent a “strategic setback” for...