Petrodollar Chinese Yuan Can Rise Globally Put Us Dollar In Jeopardy

Last updated: June 9, 2025, 12:38

Petrodollar Chinese Yuan Can Rise Globally Put Us Dollar In Jeopardy

In

In 2025, a fifth of global oil trade settled in currencies other than the US dollar, with some countries moving away from the petrodollar. This includes China, Russia

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The unfolding economic war between

The maturation of China’s alternative to the petrodollar is a big reason why the massive amount of energy trade between Russia and China occurs in yuan, not US dollars.

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and hastening the decline of the petrodollar, a

The unfolding economic war between the US as the world’s sole superpower and China as its fastest-growing challenger hinges on a single battle: the petroyuan vs.

Three powerful forces are converging

China’s yuan on the rise in oil trade, but petrodollar here to stay

Three powerful forces are converging to drive this change: China's strategic push to reduce its dollar vulnerability as the world's largest oil importer, the Gulf states'

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