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China recently executed its first liquefied natural gas trade settled in Chinese Yuan, marking a significant shift away from the US dollar, which has dominated energy transactions for decades. This move follows US sanctions on Russia, prompting Middle Eastern countries, including Saudi Arabia, to seek diversification in their alliances. Saudi Arabia, traditionally a close ally of the US, has entered a trade alliance with China, Russia, India, and several Central Asian nations. This shift in trade relationships comes shortly after China brokered a major peace deal between Saudi Arabia and Iran, indicating a regional pivot away from US influence and raising questions about the future stability of the US dollar in global markets.