UAE authorities have notified the United States of a possible shortage of American dollars.

The United Arab Emirates authorities have notified the United States that the country may face a shortage of US dollars. This is due to economic turmoil, including a clear decline in the ability to sell oil and gas on the global market. This means that the flow of "petrodollars" into the country has ceased to be as large as before.

From the American WSJ:

The UAE has advised the US that if US dollars become scarce, it may have to use Chinese yuan or other currencies to conduct energy-related transactions.

Meanwhile, the Chinese yuan continues to strengthen against the US dollar. The appreciation is modest—about 2% in a month—but experts believe it would have been more significant if Chinese economic authorities hadn't "cooled" the yuan, fearing a loss of competitiveness for Chinese-made goods.

Meanwhile, amid new problems in the Strait of Hormuz, oil prices are rising. Brent crude is trading in the $95-$96 range on East Asian exchanges, representing a 5% price increase since the start of the day. Russian Urals crude is selling for approximately $102 per barrel.

If explosions and burning commercial vessels continue in the Strait of Hormuz, oil prices will clearly continue to rise.

Comments

[LAlexAlex]

The United Arab Emirates has notified the United States that the country may face a shortage of American dollars.

It hasn't even been a month since you spent it all?

[Tatyana]

Quote: LAlexAlex

It hasn't even been a month since you spent it all?

And yet Trump will order them:
"Even though you're running low on petrodollars, you're still holding out! Don't you dare trade for petro-yuan! Or we'll beat your asses up for it and sink all your oil troughs!"

[Tatyana]

Media reports have already revealed that several hours ago, the Americans attacked an Iranian container ship en route from China to Iran in the Gulf of Oman. Following the American attack on this vessel, Iranian forces also attacked several American warships using drones.

A spokesman for the Central Headquarters of the Iranian Armed Forces stressed that Iran's armed forces intend to continue to respond to "piracy" and attacks from the United States.

However, if explosions continue to thunder and commercial ships burn in the Strait of Hormuz, oil prices will clearly continue to rise.

SUMMARY. Therefore, war is for the enrichment of Trump himself and his family, and for the United States, war is like a mother to her!
Trump and the US themselves are using insider information on the stock exchanges to raise and lower global prices for gas and oil in US dollars, putting them in their own pockets!

[Metallurg_2]

After his resignation, he and his family will be in trouble. Where Trump makes money, it's not the least important people who lose it. So this inside information will be considered his eighth deadly sin.

[Tatyana]

Quote: Metallurg_2

After his resignation, he and his family will be in trouble. Where Trump makes money, it's not the least important people who lose it. So this inside information will be considered his eighth deadly sin.

I hope that's exactly how it will be!

[Vend]

They'll print it quickly now)))

[nepunamemuk]

Nowadays you don't even need to print it
Let them take out loans in the US and they will transfer it to them electronically 😇

[ZovSailor]

LAlexAlex
Today, 07: 52
It hasn't even been a month since you spent it all?

The experience of DAM in a single country of the Middle East is quite applicable - There is no money, but you hold on.
It's time for him to exchange tweets with the red-haired fascist pedophile from Washington, for old times' sake, and maybe he'll calm down and agree to treatment?

[Cananecat]

If explosions and burning commercial vessels continue in the Strait of Hormuz, oil prices will clearly continue to rise.

What will international stock markets say today after the IRGC drone attack on American ships?

[APASUS]

Quote: Canecat

What will international stock markets say today after the IRGC drone attack on American ships?

They won't say anything, since the exchanges are under US control, and the media won't notice any damage. If anything happens, it'll be pennies.

[Arkady007]

Slowly but surely, the dollar as the single world currency is losing its position, and all this is greatly shaking the entire US macroeconomy.
It may happen that Iran wins the war not with weapons, but because the United States begins to fall apart from within.

[tralflot1832]

The Brent is far away, while the Urals are closer. The only thing that's annoying is the tanker near Kozmino named Ursula 1.

[Jacques sekavar]

Sales have stopped, dollars are not coming in.
Investment and tourism have fallen through the floor.
There is no money for restoration.

[Metallurg_2]

We head back into the desert and switch from Rolls-Royces back to camels.

[isv000]

Quote: Metallurg_2

We head back into the desert and switch from Rolls-Royces back to camels.

Dubai – back to its roots, to a fishing village...

[aszzz888]

UAE authorities have notified the United States of a possible shortage of American dollars.

What are the problems? 1 ton of paper, 2 tons of paint and that's it! Take it, it's ready!

[Rybakvitya]

And if you don't give it to us, the UAE declared, we'll be forced to use the Chinese yuan or other currencies for oil sales and other transactions. How Trump is sinking the dollar with his "deals"!

[isv000]

I fell from the hayloft and hit my head...

[faterdom]

We've come to this... Who would have predicted two months ago that the Gulf sheikhs would have a dollar shortage?
But... if they think this is terrible, then the next thing they'll see is shortages of food, water, and electricity, and they'll trade their Rolls-Royce for a sack of flour. And all the migrant workers will go back to Pakistan and India, causing problems with sewage and garbage disposal.
Of course, you could import people from the Gaza Strip, but they're not very calm and they don't like Americans very much, so they'll be in for a real headache for decades to come.

[Old Hank]

So that's not all.
The UAE is considering closing American military bases.
Former adviser to the UAE president, now commentator and analyst Abdulkhaleq Abdullah:
"This is what I told Reuters today: The UAE no longer needs America's protection, because during the Iranian aggression it proved that it can adequately defend itself. What the UAE needs is to acquire only the best and most advanced weapons that America has. Therefore, it is time to think about closing American bases because they are a burden rather than a strategic asset".

[alexboguslavski]

US dominance over the past half-century has been based on one unspoken rule: black gold can only be purchased with American currency. This created endless demand for the dollar. The UAE's transition to settlements in other currencies legitimizes the yuan as the dollar's main competitor in the global energy sector.

The UAE's move could be followed by other OPEC members. If oil ceases to be denominated in dollars, the U.S. dollar's backing in real assets will collapse. The global financial center will shift to the East, and the dollar will transform from a global hegemon into a regional currency.
The abandonment of the petrodollar will lead to a devaluation of American assets and a sharp rise in inflation within the United States, as trillions of “extra” dollars flow back into the country.

And all this will happen unless the White House finds billions to support the UAE. The Emirates previously stated that they no longer need American protection.

China is not Libya during the time of Gaddafi; such a scenario will not work; it has nuclear weapons.
Everything will depend on China itself.

[Cananecat]

Quote: alexboguslavski

And all this will happen if the White House does not find billions to support the UAE.

All this is correct, but... it is enough to remember in whose banks the Saudis keep their personal gold)

[OlegEKB]

I also have a shortage of American dollars, I don't have enough for a vacation
write to the State Department?

[isv000]

Quote: OlegEKB

I also have a shortage of American dollars, I don't have enough for a vacation
write to the State Department?

And what is the correct spelling - abbligation or oblegation?!

[isv000]

That is, “petrodollars” stopped flowing into the country in the same volumes.

No money, but you hold on!

[lshka]

The biggest blow, in my opinion, to the dollar and the like will be the simplest barter... yes, trading will become more difficult, but trade will be for goods, and not for worthless pieces of paper... And this will concern not only dollars, but also all other pieces of paper printed out of thin air.