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China recently completed its first liquefied natural gas trade settled in Chinese Yuan, marking a significant shift away from the US dollar, which has long dominated energy transactions. This change is crucial as it follows U.S. sanctions on Russia, prompting Middle Eastern countries to seek diversification. Notably, Saudi Arabia, a former U.S. ally, has formed a trade alliance with China, Russia, India, and several Central Asian nations. These events come shortly after China's successful mediation of a major peace deal between Saudi Arabia and Iran. The Middle East is increasingly pivoting toward China and away from U.S. influence, raising questions about the future of the U.S. dollar in global trade.