April 20, 2026
https://x.com/coryswan/status/2046023786835910984?s=43 https://x.com/lukegromen/status/2045979870681862570?s=43 • Luke Gromen highlights a WSJ report on UAE officials telling the Trump administration that without USD swap lines to counter potential dollar shortages from the Iran conflict, they may shift oil and gas transactions to CNY and other currencies. • The UAE attributes economic risks like disrupted Hormuz shipping, reserve depletion, and […]
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April 20, 2026
UAE Central Bank Governor proposed a currency swap line with US Treasury Secretary Bessent and Fed officials amid the Iran conflict’s economic strain, while warning that dollar shortages could force use of Chinese yuan for oil transactions, per WSJ reporting. Craig Shapiro @ces921 This sounds a little like “If the US abandons you, […]
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