New Delhi: The UAE has blamed US President Trump for the war. UAE officials have explicitly blamed President Trump for the escalating conflict between West Asia (Mideast) and Iran. The Wall Street Journal reports that the UAE believes that US aggressive policies threaten regional financial stability. According to analyst Luke Groman, the UAE has sought a dollar swap line from the US as a financial lifeline to protect its economy from the effects of war. Now if the UAE adopts the Chinese currency, the Chinese yuan, for oil trade, it will be the biggest challenge to its dominance in the global dollar market. Decades of oil trade have come to a standstill.
UAE Blames Trump for Mideast Conflict, Considers Yuan for Oil Trade
Western Times•
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Publisher: Western Times
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