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China recently made headlines by conducting its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars. This marks a significant shift, as the US dollar has historically dominated energy transactions. The change is partly influenced by the US sanctions on Russia, prompting Middle Eastern countries to seek diversification. Additionally, Saudi Arabia, once a close ally of the US, has entered a trade alliance with China, Russia, India, and other Central Asian nations. These events follow China's successful mediation of a peace deal between Saudi Arabia and Iran. Overall, these developments suggest a growing shift in the Middle East away from US interests and could impact the future of the US dollar.