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China has made a significant move by conducting its first liquefied natural gas trade settled in Chinese Yuan, marking a shift away from using the US dollar, which has historically dominated energy transactions. This change gains importance in light of recent US sanctions on Russia, prompting Middle Eastern nations, including Saudi Arabia, to seek diversification in trade partners. Saudi Arabia has entered a trade alliance with China, Russia, India, and several Central Asian countries, signaling a shift in geopolitical alliances. These events follow China's successful mediation of a peace deal between Saudi Arabia and Iran, indicating a broader trend of the Middle East moving towards Eastern alliances and away from US interests, raising concerns for the future of the US dollar's dominance.