From petro dollars to petro yuan

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There is no way to understand the modern world without the petro dollar, the relationship between the United States and Saudi Arabia has been close for decades, the Arabs have subordinated themselves to the United States, but that seems to be about to end.

In the 1960s, the United States received very cheap oil from the Arabs, then that changed with OPEC, the Arabs began to charge more for their oil, but that profit, called the Petro dollar, returned to the United States, because the Arabs They modernized their country and their army by buying planes and technology from the United States.

The main issue is that this close relationship between Saudi Arabia and the United States seems to be about to change, there is talk that Saudi refused to pump more oil, it does not want to answer calls to President Joe Biden, the worst thing is that China You will pay for the oil in Yuan and not in dollars.

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It seems that the ruling dynasty in Saudi Arabia got tired of the protection of the United States, it is known that the USA has always protected the Saudi government, but lately the Arabs have bought military technology from China and this measure to sell.

Thank you for reading



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