Protection to them.
Now you tell them go to dig a canal for their oil, LNG and fertilizer because we can not provide military protection to their ships. They would tell you, OK, no protection no more oil priced in dollar. And even worse. Chinese would come to them to say, we will help you to dig a canal. Please price your oil in RMB. You see, your suggestion will collapse U.S. dollar.
Actually GCC already saw US didn’t and cannot protect them from this war. I think petro dollar system already is shaky. This is one of the worst things regarding to this war.
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