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China recently conducted its first liquefied natural gas trade settled in Chinese Yuan, marking a significant shift away from the US dollar, which has dominated energy transactions for decades. This shift follows US sanctions on Russia, prompting Middle Eastern nations, including Saudi Arabia, to seek diversification. Saudi Arabia, once a close ally of the US, has entered a trade alliance with China, Russia, India, and other Central Asian countries. These developments come on the heels of China's mediation in a major peace deal between Saudi Arabia and Iran. The Middle East's pivot towards China suggests a diminishing reliance on the US dollar for future transactions.