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China recently executed its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars, marking a significant shift in energy transaction dynamics. The US dollar has long dominated global energy trades, but sanctions imposed on Russia have prompted Middle Eastern nations to consider diversification. Notably, Saudi Arabia, previously a close ally of the U.S., has formed a trade alliance with China, Russia, India, and several Central Asian countries. These changes follow China's recent role in brokering a major peace deal between Saudi Arabia and Iran. This movement indicates a trend of the Middle East realigning its interests away from U.S. influence, raising questions about the future role of the U.S. dollar.