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China recently conducted its first trade of liquefied natural gas settled in Chinese Yuan instead of US dollars, marking a significant shift in global energy transactions. Historically, the US dollar has been dominant in this space, but recent sanctions against Russia have prompted Middle Eastern countries, such as Saudi Arabia, to seek diversification. This is highlighted by Saudi Arabia's new trade alliance with China, Russia, India, and four Central Asian nations. Additionally, China's facilitation of a major peace deal between Saudi Arabia and Iran signifies a growing influence in the region. These developments suggest a potential decline in the U.S. dollar's supremacy in the future.