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There is a deal under way to make sure that they will still use the USD and loosen their ties with China. https://www.reuters.com/world/us-saudi-arabia-close-f
by lossolo 2y ago
There is a deal under way to make sure that they will still use the USD and loosen their ties with China.
https://www.reuters.com/world/us-saudi-arabia-close-finalizing-draft-security-treaty-wsj-reports-2024-06-09/ https://www.reuters.com/world/us-saudi-arabia-close-finalizi...
- w4 2y agoThis just strikes me as sharp elbowed negotiation by the Saudis. I bet good odds that this particular story about the Saudi treaty expiring will have proven to be a nothingburger a year from now (even if de-dollarization and multi-polarity in general continues to be a story).