Our Mission and how VFP Britain came about.

BBC Radio 4 Beyond Belief Tuesday April 28 2026 will be featuring VFP Britain member Michael Elstub.

This item is now available on the BBC Iplayer.

Statement on the US and Israeli attack on Iran

Veterans for Peace Britain condemns the unlawful attack by the USA and Israel on Iran. We opposed the Israeli genocide that was, and is still taking place in Gaza and now we oppose the unprovoked attack on a sovereign country. Once again we see the Israeli tail wagging the USA dog with unproven allegations of weapons of mass destruction. How does that justify an attack on a school, leaving 153 people dead?

Once again we see a country that does not sell it's oil in US dollars being attacked.

A country that stops selling oil in U.S. dollars risks facing severe geopolitical pressure, including potential economic sanctions, diplomatic isolation, or military intervention, as the U.S. acts to protect the dollar's status.

However, this shift allows nations to bypass sanctions, reduce reliance on the U.S. financial system, and diversify trade using currencies like the yuan or ruble. 

Consequences of Moving Away from the "Petrodollar" System:

• Geopolitical and Economic Pressure: The U.S. often views de-dollarization as a threat, as it weakens the dollar's global demand and, consequently, U.S. economic influence.

• Sanctions and Isolation: Countries like Iran and Russia have faced intense financial sanctions for moving away from dollar transactions, forcing them to find alternative, often less efficient, payment systems.

• Currency Risks: Selling in other currencies may expose oil exporters to volatility in those currencies, whereas the U.S. dollar offers stability and high liquidity.

• Alternative Alliances: Countries abandoning the dollar may seek stronger, alternative economic ties with nations like China or India.