Bangladesh, April 20 -- The United Arab Emirates has privately warned the United States that it may consider moving away from the US dollar in oil transactions, raising the possibility of a significant shift in global energy markets and financial systems. According to a report by The Wall Street Journal published on April 19, senior Emirati officials conveyed that Abu Dhabi could be “forced” to adopt the Chinese yuan for parts of its oil trade if financial pressures linked to escalating geopolitical tensions continue to mount.

The message was reportedly delivered by Khaled Mohamed Balama, governor of the UAE Central Bank, during a meeting in Washington with US Treasury Secretary Scott Bessent. While the remarks stopped short ...