Finance

For the US dollar, a subtler shift than a ‘petroyuan’ order is underfoot

In the span of a few days earlier this month, developments that usually sit in separate policy compartments began to converge. Abu Dhabi’s crown prince arrived in Beijing as President Xi Jinping used the visit to set out China’s four-point position on the Iran war. Pakistan, now central to keeping U

S
SCMP Business
2026年4月26日·1 分钟阅读
For the US dollar, a subtler shift than a ‘petroyuan’ order is underfoot

Image: SCMP Business

In the span of a few days earlier this month, developments that usually sit in separate policy compartments began to converge.

Abu Dhabi’s crown prince arrived in Beijing as President Xi Jinping used the visit to set out China’s four-point position on the Iran war. Pakistan, now central to keeping US-Iran diplomacy alive, said no date was fixed for the next round of talks. Washington escalated pressure on buyers of Iranian oil and the banks handling related funds. Reports circulated of yuan use...

原文

For the US dollar, a subtler shift than a ‘petroyuan’ order is underfoot

发布者 SCMP Business

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