Addition of KSA, UAE, Iran means share has doubled to 42% of crude oil output in 2022. "Saudi pricing oil exports to China and India in non-dollar currencies does not spell the end of the dollar as the international currency of choice,” says ING. Trade within bloc makes trade hard to sanction by West.

  • Pons_Aelius@kbin.social
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    1 year ago

    Again. They do not care. Leaving the influence of the USD is the goal.

    Are you too thick to understand this?