Скачать или смотреть Saudi & Qatari Energy Alliance Joins BRICS—Ditching the Dollar for the Yuan!

In a seismic shift for global energy and finance, Saudi Arabia and Qatar are moving decisively toward BRICS and adopting the Chinese yuan for oil trade, signalling the erosion of decades of U.S. dominance over Middle Eastern energy markets. This transition represents not just a symbolic break with the dollar but a practical restructuring of the way oil, gas, and other commodities are priced and settled on the international stage. The move will inevitably reshape global trade flows and recalibrate the balance of power between established Western economies and the rising influence of emerging nations.

For decades, the United States maintained a firm grip on oil transactions through the “petrodollar” system. This arrangement ensured that oil exports from the Gulf region were priced in U.S. dollars, giving Washington enormous leverage over global energy markets. By pivoting toward BRICS and adopting yuan-based settlements, Saudi Arabia and Qatar are signalling that they are ready to challenge this system head-on and diversify away from the West’s financial architecture.

The partnership between Saudi Arabia, Qatar, and the BRICS bloc reflects a growing convergence of interests among energy producers and major emerging markets. China, India, Russia, and other BRICS members have long sought to reduce their dependency on the U.S. dollar, and the Gulf nations’ shift gives them an unprecedented opportunity to build a multipolar economic order. This will affect everything from currency reserves to the pricing of long-term energy contracts, potentially undermining the dollar’s global supremacy.

This transformation is not just an economic realignment but a geopolitical earthquake. By embracing the yuan for oil sales, Saudi Arabia and Qatar are strengthening ties with China and other BRICS countries while signalling to Washington that their foreign policy is increasingly independent. The United States, once seen as the indispensable security partner for the Gulf, may find its influence waning as regional powers leverage their energy resources to negotiate on their own terms.

For investors, policy makers, and businesses around the world, the Saudi-Qatari pivot to BRICS and yuan-based trade marks the dawn of a new era. Energy markets will see increased volatility, currency markets will adjust to the shifting balance, and geopolitical alliances may evolve in unexpected ways. This is more than a headline—it’s the story of a world where the old order is giving way to a new, multipolar reality.


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