China Just Did The Unthinkable!
China has facilitated a peace deal between Saudi Arabia and Iran, two countries that have historically been at odds with each other due to differences in their interpretation of Islam and its governance. This potential partnership between Saudi Arabia and Iran, with China's involvement, may lead Saudi Arabia to no longer view the United States as necessary for protection, as its former adversary has now become a friend. Additionally, Saudi Arabia's shift in alliances and cooperation with China could impact the dominance of the U.S. dollar in the global oil trade, as well as potentially diminish the U.S. influence in the Middle East.
Watch more of this short video from De-dollarization Underway: Is The US Dollar Losing Its Reserve Currency Status? | John Rubino.
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