The establishment of China’s petroyuan will allow countries to limit their dependency on the U.S. dollar, and to circumvent U.S. sanctions.
In marked contrast to the United States’ fickleness in Middle Eastern affairs, Russia is seen as a more consistent actor by Middle Eastern leaders, a potential ally offering much-needed stability. Putin’s new position as the “new master of the Middle East” seems all but set in stone.
After Israel, Saudi Arabia has long been considered to be the United States’ greatest ally in the Middle East, a fact evidenced by long-standing Saudi-U.S. joint policies such as the petrodollar system, weapons deals, and Saudi support for broader U.S. geopolitical goals in the region. However, this foundational relationship of