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Danny Jones Podcast
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The Saudis and the Iranians in the Middle East
Saudis and Iranians have had difficult relations since the 1980s. Saudi Arabia is very sensitive to any meddling at all in its eastern province, which includes Shia Muslims. The Saudis entered into an oil sales deal with the Chinese two months ago for the first time ever they didn't pay in dollars. Now that the Chinese have been paying in Yuan, the Brazilians said, you know what? If the Yuan is a legitimate international currency, we should join with the Argentine's, the Chileans,. I think they said the Mexicans, and we should make a Latin American currency and we should stop using dollars.
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