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China recently completed its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars. This marks a significant shift as the US dollar has long dominated energy transactions. Following US sanctions on Russia, Middle Eastern countries, including Saudi Arabia—once a close US ally—are seeking to diversify their trade partnerships, having entered a new alliance with China, Russia, India, and several Central Asian nations. These moves come shortly after China brokered a major peace deal between Saudi Arabia and Iran, indicating a broader shift in the Middle East away from US interests. The implications of these developments raise questions about the future of the US dollar in global energy markets.