Tag Archives | U.S. Currency

U.S. pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations

Originally published: Geopolitical Economy Report on August 10, 2023 (more by Geopolitical Economy Report) |

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.