KABUL: The United Arab Emirates has warned the United States that it may begin selling its oil in Chinese yuan if sufficient access to U.S. dollars is not maintained for energy transactions.
The warning comes amid growing volatility in global markets, driven by currency fluctuations and the increasing politicization of energy trade.
Analysts say the move highlights intensifying competition among major currencies in the global energy market, as countries seek alternative mechanisms to safeguard their economic interests.
A potential shift away from the dollar in oil deals could mark a significant development in international trade dynamics, particularly as China continues to expand its role in global energy consumption and financial systems.
UAE warns it may sell oil in Yuan if U.S. dollar supply falls short
