UAE Drops Bombshell Threat to US About Selling Oil in Chinese Yuan if War Drags on, and It's the Biggest Threat to Petrodollar Since 1970s

UAE drops bombshell threat to US about selling oil in Chinese Yuan if war drags on, and it's the biggest threat to Petrodollar since 1970s

The global financial landscape just hit a massive, unexpected speed bump that could change how the world trades energy. In a series of high-level meetings held in Washington, the United Arab Emirates dropped a major warning that it might be forced to shift some of its oil sales into the Chinese yuan if the current wartime dollar shortages continue to plague its economy, as reported by Defense Security Asia. This is being viewed as the most serio…

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