UAE warns of yuan shift without dollar aid

The United Arab Emirates has informed U.S. officials that it might have to use Chinese yuan or other currencies for oil transactions if it runs low on U.S. dollars, according to a Wall Street Journal report. This warning underscores the UAE's urgent need for dollar liquidity amid the economic fallout from the regional conflict with Iran. The potential shift away from the dollar in global energy markets represents a direct threat to U.S. financial dominance. The UAE is currently in discussions with the United States to establish a financial safety net, such as a currency swap line, to secure continued access to dollars.