Is China playing long game against dollar in Middle East?

News Snapshot:

April 6, 2023 The other China deal Much attention has been rightly focused on China’s role in closing the deal between Saudi Arabia and Iran to reestablish diplomatic relations. Another deal has gotten less attention, but may be just as telling in serving notice of China’s intentions in the region and beyond. Last month China National Offshore Oil Corporation (CNOOC) and France's TotalEnergies conducted the first ever yuan-settled energy deal involving 65,000 tons of Emirati liquified natural gas, as Salim Essaid reports. Iraq and Saudi Arabia have also said they too are ready to deal in yuan, as Adam Lucente...