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China has completed its first trade of liquefied natural gas settled in Chinese Yuan instead of U.S. dollars, marking a significant shift in global energy transactions. The U.S. dollar has long dominated these transactions, but following sanctions on Russia, Middle Eastern countries seek diversification. Notably, Saudi Arabia, formerly a close U.S. ally, has formed a trade alliance with China, Russia, India, and four Central Asian nations. This comes shortly after China facilitated a major peace deal between Saudi Arabia and Iran, indicating a regional pivot away from U.S. influence. These developments raise questions about the future role of the U.S. dollar in the global economy.