World News@lemmy.worldEnglish · 3 days ago

UAE Blames Trump for Escalating Iran Conflict, Threatens Switch to Chinese Yuan Amid Potential Dollar Shortages

www.ibtimes.co.uk

cross-posted to:
globalnews@lemmy.zip

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UAE Blames Trump for Escalating Iran Conflict, Threatens Switch to Chinese Yuan Amid Potential Dollar Shortages

www.ibtimes.co.uk

schizoidman@lemmy.zip to

World News@lemmy.worldEnglish · 3 days ago

cross-posted to:
globalnews@lemmy.zip

The UAE is considering moving away from the US dollar to the Chinese yuan amid rising regional tensions and economic instability, challenging traditional alliances.

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It’s more about the precedent that it sets than their outright share of global oil trade.

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