Unlike China, a country whose exports to other countries dwarfs their exports. The yuan is much more valuable than the rupee (which is turning to trash with each passing month as a net effect of trade wars and oil crises).
Loitering munitions are all low-altitude, low-flight hovering weaponry. The best solution is to simply just use aircraft sorties or even helicopters to shoot them down with their autocannons/machine guns, but obviously you can't build a military industrial complex around that.
You can buy from China though. And China is the largest import trading partner for the majority of countries in the world. They literally don't need to do anything to prop up a "petro-yuan".
You can’t largely. At least not with offshore yuan. To do that you have to go through the controlled settlement channels to get onshore yuan. That’s tightly controlled to protect the peg.
So no one is going to use a controlled currency for a hard liquid commodity. So if China wants petro yuan they have to liberalize that, which will break their peg.
China could have more international trade in the yuan before all of Americas recent misadventures. But that has cast consequences for their economy, and possibly the ruling elites power structures.
Saudi Arabia was literally negotiating with China for payments in yuan for petroleum way before the war started, in 2023. The Gulf countries' largest trading partner is China - such a transaction is effectively a barter enabling programme. Russia and now Iran already accept yuan.
The mainland vs offshore renminbi restrictions disappear in Hong Kong, Singapore, etc. where most mainland Chinese trading companies and otherwise have offices anyways. Trading offshore to onshore renminbi becomes their problem, one that they are fairly accustomed to.
The negotiations were literally about how to manage the currency risk to Riyadh. And none of the offshore trading houses are handling the currency transactions at the size necessary to handle large oil transactions.
This is as near an iron law as there is economics, you can’t keep a peg and have a large trade in a large liquid commodity market. China is trying to slowly thread this needle and they can get away with it with Iran and Russia because they are approaching vassal status because the petrodollars are closed to them. Everyone in the world can see this and wants to avoid it.
If you are an oil producer what you want is to diversify your currency risk. Right now China is _preventing_ this, because there is no way for them to become a major player in that market without huge impact on their economy and probably their political system.
Yeah, I'm sure there can be exceptions. When the US was super strong in manufacturing back in the 50s, the US dollar was also strong, or at least relatively speaking? That said, the US over the years outsourced their manufacturing, closing their domestic factories. A strong US dollar seemed have played a big role in such outsourcing.
> On Oct. 18, 2025, Kincardine, Ont., native Kevin Larson was heading to a No Kings Rally in Port Huron, Mich., when he was pulled over for a “random check” at the U.S. border crossing.
Seems very stupid for a foreign national to go around participating in political rallies of another country. Sure, you can support No Kings like I do, or anyone else, but explicitly going out of your way and crossing the border to take part in a rally as a foreign agent is just asking for trouble. And it would land you in trouble almost immediately in any country in the world.
Because traditionally countries do not like when citizens from other countries interfere with their affairs, just like when Canada did not like U.S. citizens being involved with the truckers protest a few years ago.
Israel always was, at least for the last 2 decades. We all (including me) were just too blind and stupid to see through it.
If you want to form an opinion around Israel, I would've suggested, in better times, visiting the Red Crescent center in Doha accommodating and treating Gazan women and children.
Lots of people did see it, but politicians were way too tied up with Israel to allow even the slightest criticism. I hope that's finally going to change now, because Israel really needs to be reined in. (Iran too, the US too, and Russia too.)
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