China brokers Iran-Saudi peace: big blow to petrodollar, geopolitical game changer

17 Mar 2023

China sponsored peace talks that led Saudi Arabia and Iran to normalize diplomatic relations, in a big blow to the petrodollar. Both countries are major oil producers that have applied to join BRICS and are discussing selling energy in other currencies. BRICS challenges US ‘dollar dominance’, Saudi considers selling oil in other currencies: New multipolar economic order: