u/LavishlyRitzyy

Trump just extended the ceasefire, but the Strait of Hormuz is still closed and oil exports from the Gulf keep getting hit by the fallout. Now the UAE has privately told the US it could start pricing some oil sales in Chinese yuan if dollar liquidity dries up further. The country holds over $270 billion in reserves, but war-related disruptions have slowed exports and recovery might not come until late June.

This is the kind of shift that could gradually reduce demand for dollars in energy trade. Oil majors like ExxonMobil (XOM) and Chevron (CVX) might feel pricing pressure if more deals move away from the dollar. Banks that handle a lot of dollar flows, such as JPMorgan (JPM), could also see changes in how reserves and swaps are managed.

not calling for any big moves yet, but it adds another layer to watch alongside the ceasefire news.

The article lays it out clearly here: https://defencesecurityasia.com/en/uae-china-yuan-oil-sales-petrodollar-crisis-us-dollar-shortage-iran-war/

What’s your take... does this stay contained or does it start showing up in energy and financial stocks soon?