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China has recently conducted its first liquefied natural gas trade settled in Chinese Yuan, marking a significant shift away from the U.S. dollar, which has traditionally dominated energy transactions. This shift follows U.S. sanctions on Russia, prompting Middle Eastern countries, including Saudi Arabia, to seek diversification in their trading partners. Saudi Arabia, a former U.S. ally, has formed a trade alliance with China, Russia, India, and several Central Asian nations. These developments coincide with China's successful mediation of a peace deal between Saudi Arabia and Iran. Overall, the Middle East is increasingly moving toward partnerships with Eastern nations, raising concerns about the future of the U.S. dollar’s dominance.