UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s - Defence Security Asia
defencesecurityasia.com
The UAE has warned Washington that prolonged dollar shortages caused by the Iran conflict could force Emirati oil sales into Chinese yuan, threatening the petrodollar system and US dollar dominance for the first time since the 1970s.
  • Bronstein_Tardigrade@lemmygrad.ml
    0·
    1 month ago

    Even the Zionist Arab countries are starting to bale. Actually, not much of a threat, since they can’t sell oil due to the Hormuz closure. More of a message to the Tangerine Torquemada to knock it off and make a deal.