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China recently completed its first liquefied natural gas trade settled in Chinese Yuan, marking a significant shift from the longstanding dominance of the US dollar in energy transactions. This change is linked to the US imposing sanctions on Russia, prompting Middle Eastern nations to seek diversification in their trade alliances. Notably, Saudi Arabia, traditionally a close ally of the US, has entered a trade alliance with China, Russia, India, and several Central Asian countries. These developments follow China's recent mediation of a peace deal between Saudi Arabia and Iran, indicating a pivot towards the East and a movement away from US interests. This raises questions about the future role of the US dollar in global trade.