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Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales 

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If this is true, it really is the end of Bretton Woods 2. A lot of the petrodollar commentary I've listened to seems to imply that we went to war over ensuring oil was sold for dollars. If that's in fact the case, what happens now? War with who?

Here's the paywall free link: https://archive.ph/pD9A0

> “The oil market, and by extension the entire global commodities market, is the insurance policy of the status of the dollar as reserve currency,” said economist Gal Luft, co-director of the Washington-based Institute for the Analysis of Global Security who co-wrote a book about de-dollarization. “If that block is taken out of the wall, the wall will begin to collapse.”

This dude wrote a book on de-dollarization but kind of scary to think about what the US will do in such circumstances.