Die Vereinigten Arabischen Emirate warnen die USA, dass sie Öl in chinesischen Yuan verkaufen könnten, wenn der Krieg die Dollarvorräte erschöpft, was die größte Bedrohung für den Petrodollar seit den 1970er Jahren auslöst
https://defencesecurityasia.com/en/uae-china-yuan-oil-sales-petrodollar-crisis-us-dollar-shortage-iran-war/
31 Kommentare
So making yuan appreciate and their exports uncompetitive in a time where they are relying on exports to offset involution?
So this is basically the UAE saying, hey, we don’t really want to be your ally anymore if you’re gonna keep doing this shit. That’s really the only reason the US invests heavily in the Middle East is the petrol dollar.
This is them just saying, look, we have options.
The US Petrodollar stopped being a thing when shale oil and fracking came into vogue 10-15 years ago. The US doesn’t import as much oil from the Middle East as it used to historically (currently at 1/4 average from 2 decades ago).
Yuan is floated about but it isn’t a strong contender for Gulf oil states. Why? Because China lacks property rights that Western nations (Dollar/Euro) possess. They can sell their oil and transact in Yuan but they want Dollar/Euro holdings and in turn, investments and properties which are protected by laws and legal tradition. But that is the crux of the problem, if the US isn’t buying oil, GCC ability to get Dollars is reduced.
The GCC states have various levels of investments and projects to earn hard currency, Kuwait not as much (they don’t have a major airline like Qatar/Emirates as an example). But the cash infusion from oil trade is immediate and massive so they want the US to import more energy.
Even Taiwan is seeking for closer ties with China with their KMT chairwoman paying a visit to Xi. Crazy times when Taiwan inches closer to its arch-nemesis away from its closest ally
Iran is already selling a large portion of its oil to China in yuan or yuan-linked structures.
There are confirmed cases of third parties settling Iranian oil in yuan recently.
Gulf states (like the UAE) are openly discussing yuan as a fallback if dollar liquidity tightens.
And on top of that, Iran is actively using the Strait of Hormuz as leverage—restricting access and effectively turning it into a geopolitical toll gate .
Trump kicked the hornets nest into our yard with no plan, no ideas and no repercussions for him.
“Balama reportedly told American officials that if the UAE runs short of dollars, Abu Dhabi may have little choice except using Chinese yuan or other currencies.”
Which part of this means that they will sell oil in USD?
This is obviously Obamas and Bidens fault. Damn you democrats /s
😡
Trump’s second term was his revenge against Americans because they didn’t give him 2 consecutive terms like Obama could 😂
He’s out to hurt America, the only people getting rich during his term are him and his family, and his cronies.
Name a single average American that prospered under his 2nd term and bring receipts.
UAE is making noise about using Yuan, closing US military bases on its territory and making defense agreements and/or deals with Ukraine.
They are making a lot of noise that the US really needs to be listening to. I think they are just the first to say anything.
„Why is everybody turning away from us?“
This is the start of end of the dollar. Thanks to Trump but lets blame the lefties of the world. As he apparently never done anything wrong
ART OF THE DEAL, FOLKS
I see things like „doom of the petrodollar“ etc etc a lot
I dont know why it’s important oil is bought in dollars and Googling just confused me more
Anyone able to give me a cheeky ELI5? Or maybe ELI15 coz economics can be confusing.
I think this needs to happen or we all become Americas economic hostage.
Trump and all the republicans that refuse to vote him out will ruin this country to the ground. We won’t be a world power at the end of his term.
Is America Great yet? /s
i think people here misunderstand what UAE is saying. basically he is saying „because of the wars and the tariff things there is not enough USD floating around so our customers may need to pay with another currency“
this is a direct result of both the tariff and the war. when the whole tariff thing started people have warned him that USD is the most important exports of the US,
I just don’t see what Trump wanted to achieve with this war. Best guess is Regime change to make Iran a loyalist state. Ive seen people say that it’s all because Isreal wanted to attack Iran, which is probably closest to the truth.
What happened in the 1970s
Is this winning?
This is why civics and economics education is important. We ignorant Americans ruin everything.
Bankrupted a casino. Says it all.
This has been the plan all along …. China ready for a power shift
good. The end of US will be a benefit to the free world.
… and DJ Lord Pantsdump and his troupe of incompetent clowns just walked right into the trap.
That’s fine, let it all burn down. The US deserves everything that its getting for electing the POS that they did. Our allies have every right to turn their backs on us.
The war was a mistake from the very beginning. Iran has allies who are nuclear powers. If they deem it necessary, Iran will get a nuclear bomb. The probability is now higher than before the war.
UAE is telling the US that they need to start listening to them or else there will be severe repercussions. Sad that they have to do it in such a public way because shitstain is not listening. Hopefully his cronies will finally listen
Dew it!
do. it.
And trump will be remembered as the nail that drove the USD away from being the world’s oil dollar. The top priority of his handlers…