World News@quokk.au · 3 hours 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

World News@quokk.au · 3 hours ago

3

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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1 hour ago
Will weapons of war still be sold in US dollars?

BTW, Yuan is the unit. The currency is RMB.
52fighters@sopuli.xyz
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3 hours ago
Theoretically, this would actually help the bottom 80% of Americans whose livelihoods are not coupled with asset ownership.
- How_do_I_computah@lemmy.world
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  2 hours ago
  Could you expand on this?

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