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China has made a significant move by settling its first liquefied natural gas trade in Chinese Yuan instead of US dollars, highlighting a shift away from dollar dominance in energy transactions. This change underscores a broader trend as Middle Eastern countries, influenced by US sanctions on Russia, seek to diversify their trading relationships. Saudi Arabia, traditionally a key US ally, has recently formed a trade alliance with China, Russia, India, and other Central Asian nations. These developments follow China facilitating a peace deal between Saudi Arabia and Iran. Overall, the Middle East is pivoting towards the East, raising questions about the future role of the US dollar in global trade.