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.
I imagine at some point they’re either going to have to start trading in yuan or simply collapse. Iran is going to control Hormuz going forward, and if they only accept yuan for passage then there’s not much choice.
UAE are the biggest US-Zionists stooges, they’ll do as they are told
I imagine at some point they’re either going to have to start trading in yuan or simply collapse. Iran is going to control Hormuz going forward, and if they only accept yuan for passage then there’s not much choice.