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China recently completed its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars, marking a significant shift in global energy transactions. The US dollar has long dominated this market, but escalating tensions, particularly following US sanctions on Russia, have prompted Middle Eastern nations, including Saudi Arabia, to seek alternatives. Saudi Arabia has aligned with China, Russia, India, and several Central Asian countries, signaling a growing alliance that could reshape energy dynamics. This comes on the heels of China mediating a peace deal between Saudi Arabia and Iran. These developments indicate a potential decline in the US dollar's influence in the Middle East.