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World News@quokk.au · 3 months ago

UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s

defencesecurityasia.com

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UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s

defencesecurityasia.com

cm0002@libretechni.ca to

World News@quokk.au · 3 months ago

7

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.

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CubitOom@infosec.pub
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3 months ago
Will weapons of war still be sold in US dollars?

BTW, Yuan is the unit. The currency is RMB.

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