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A recent report from OilPrice.com highlights that China has conducted its first liquefied natural gas trade settled in Chinese Yuan instead of U.S. dollars. This shift is significant as the U.S. dollar has been dominant in energy transactions for decades. Following U.S. sanctions on Russia, Middle Eastern countries are seeking diversification, exemplified by Saudi Arabia's new trade alliance with China, Russia, India, and several Central Asian nations. Additionally, China's recent mediation of a peace deal between Saudi Arabia and Iran indicates a realignment in Middle Eastern geopolitics, suggesting a move away from U.S. influence and raising questions about the future viability of the U.S. dollar in global markets.