US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations
US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations
geopoliticaleconomy.com US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations
As part of negotiations for Saudi Arabia to recognize Israel, the United States is demanding that Riyadh keep pricing its oil in dollars, not China's renminbi or other currencies.
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Will they cave?
it seems unlikely to me considering China is buying more oil from SA than Amerika is (I think -- I can't find a source at the moment)
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Assuming US can keep hobbling along for that long with all the mounting contradictions.