China and Saudi Arabia to drop DOLLAR?!

Say it isn't so. China and Saudi Arabia have been in discussions about using the Chinese yuan (their currency) instead of the US Dollar for the sales of their oil This would be a really big deal as the dollar is the global reserve currency. Seeing what the world has done to Russia with these sanctions we can see the consequences of the countries that are stuck using the dollar for global trade. They want out! President Biden has recently had talks with Saudi Arabia so there must have been some sort of intelligence about what was going on already. China has been working on this for years and they are attempting to make it a reality.