US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan
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.
Sources and more information here: https://geopoliticaleconomy.com/2023/...
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Topics
0:00 De-dollarization
0:53 Saudi Arabia
1:52 Geopolitical shifts
3:25 Petrodollar
4:28 Top oil producers
5:26 (CLIP) Obama on oil
6:16 Oil producers
6:56 Inflation
8:09 US-Saudi relations
9:31 Israel - Palestine
11:19 Nuclear technology
12:19 US demands
13:43 Oil for protection
14:49 Saudi-China relations
16:48 Largest trading partners
17:22 Xi Jinping trip to Persian Gulf
18:56 Selling oil in yuan?
20:00 UAE sells gas in RMB
21:02 Saudi petrodollar deal
22:37 US empire's free lunch
25:46 US dollar hegemony
28:06 Outro
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