The United Arab Emirates has issued a startling ultimatum to Washington, suggesting a historic pivot away from the US dollar amid regional tensions that are reaching a breaking point. As the Gulf nation navigates a rapidly deteriorating security landscape, its leadership has pointed the finger directly at President Donald Trump for the current volatility.
Emirati officials have warned their US counterparts that if the UAE faces a dollar shortage, it may have to use the Chinese yuan or other currencies for oil sales and related transactions, according to The Wall Street Journal. Such a shift would pose a direct challenge to the US dollar's global dominance, reinforced for decades by its widespread use in oil trading.
