The UAE, a new member of the BRICS alliance, is shifting from the US dollar to local currencies in oil trade, signaling a major change in the global financial landscape. This strategic move, reflecting a broader push towards de-dollarization among BRICS nations, challenges the long-standing dominance of the US dollar in the oil market. The UAE's decision highlights its role as a global oil powerhouse and foreshadows a reshaping of international economic power balances.
