Saudi Arabia and China could deal a significant blow to the US currency and the position of the United States in the international arena, writes The Wall Street Journal.

The article notes that the above countries are currently considering the possibility of switching to the yuan in oil payments.

The publication notes that this will be Riyadh's response to a number of unfriendly steps taken by Washington since Joe Biden came to power. Among such decisions are the refusal of the Americans to support the Arab coalition led by Saudi, which is at war with the Houthis in Yemen, the removal of the status of terrorists from the latter, as well as the delay in the supply of weapons to the KSA.

For almost half a century, Saudi Arabia traded oil exclusively in US dollars, fulfilling its obligations to the United States in exchange for security guarantees from their side.

bbabo.Net