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China recently made headlines by completing its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars. This shift is significant as the US dollar has long been the dominant currency in energy transactions. After the US imposed sanctions on Russia, Middle Eastern countries are looking to diversify their trading relationships. Saudi Arabia, a former close ally of the US, has now formed a trade alliance with China, Russia, India, and several Central Asian nations. These developments follow China's successful mediation of a peace deal between Saudi Arabia and Iran, indicating a regional pivot toward East and a potential decline in US influence, raising concerns about the future role of the US dollar in global trade.