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Rep. Max Miller accused of shocking physical abuse by ex-wife – but congressman claims allegations are made up

NY Post
3 months ago
Rep. Max Miller's ex-wife Emily Moreno snapped photos in front of a bathroom mirror the day after the alleged abuse, showing her injuries. 
Victor Nava

Michael Porter Jr. says Cam Thomas’ ‘personality’ led to Nets downfall: ‘Doesn’t really talk to anybody’

NY Post
3 months ago
Michael Porter Jr. said ex-Nets teammate Cam Thomas getting dumped by both Brooklyn and Milwaukee this season was more about attitude than ability.
Brian Lewis

St. John’s Players Era Festival for next season to follow new format

NY Post
3 months ago
Next year’s Players Era Festival, which St. John's will play in, will have a new format, it was announced Thursday. 
Zach Braziller

Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming

Zero Rss
3 months ago
Court Strikes Down Trump's Replacement Tariffs; A Minor, Temporary Setback, With Sec 301 Tariffs Coming

After the close on Thursday, the Court of International Trade (CIT) ruled to invalidate Trump's latest set of universal 10% tariff imposed two months ago under Sec. 122. The administration will quickly appeal this decision before it takes effect May 12. If the case follows the same pattern as the challenge to the IEEPA tariffs last year, a higher court might soon stay this ruling and leave the tariffs in place pending a longer review.  

As the tariffs are due to expire July 24, even if the Supreme Court (SCOTUS) eventually rules against these tariffs, there is a good chance a full judicial review will take long enough that the tariffs will remain in effect until the administration replaces them with new tariffs under Sec. 301 (unfair trade practices) and Sec. 232 (national security).

As a reminder, Section 122 tariffs were always a stopgap: by statute, they can only be in place for 150 days, so they’ll expire on July 24, 2026. Investigations by the US Trade Representative under Section 301 are widely expected to wrap up before then, clearing the way for permanent replacement tariffs.

That said, if the ruling survives appeal, the government will likely have to refund unlawfully collected duties, adding to the nearly $170 billion already owed as a result of the Feb. 20 decision.

Key Points: 

1. The CIT ruling was a split decision, with two Democratic-appointed judges granting summary judgment against the administration’s position and one Republican-appointed judge dissenting, favoring a full review of the case instead. This is in contrast to the CIT’s earlier ruling last year, in which a panel of one Democratic- and two Republican-appointed judges unanimously granted summary judgment against the IEEPA tariffs. 

2. The CIT ruling gives the administration 5 days to rescind the tariffs, and requires that importers be paid refunds plus interest. We expect the administration to immediately appeal the ruling to the Court of Appeals for the Federal Circuit (CAFC), as it did following the CIT’s IEEPA ruling. In that instance, the CAFC stayed the CIT ruling within a day, leaving the tariffs in effect, and then took 3 months to rule on the case. That ruling was then appealed to SCOTUS, which took another 6 months to rule. As the Sec. 122 tariffs expire July 24 and cannot be extended without an act of Congress, an eventual SCOTUS ruling against these tariffs looks unlikely to come before expiration. That said, if courts ultimately rule against the use of Sec. 122 to impose these tariffs after they have expired, importers could collect refunds beyond IEEPA refunds they will start to receive in coming days.

3. The Sec. 122 tariffs are worth slightly more than 4% on the effective tariff rate (this is lower than the 10% headline rate due to exemptions for products and most imports from Canada and Mexico), and account for slightly less than half of the new tariffs since the start of 2025 that remain in effect. They are likely generating customs duty collections of around $11-12bn per month (not annualized), or around $55-60bn total if they remain in effect for the full 5 months. 

4. Regardless of how courts ultimately decide this case, the ruling should have no bearing on the administration’s longer-term ability to impose tariffs under Sec. 232 (national security) or Sec. 301 (unfair trade practices), which the White House has signaled will replace the Sec. 122 tariffs. The authority to impose tariffs under those laws is well-tested, unlike the IEEPA and Sec. 122 tariffs, and customs duties have been collected continuously under both authorities since the first Trump administration. 

5. The US Trade Representative is currently conducting investigations under the Section 301 trade enforcement authority. These investigations are widely seen as setting the stage for permanent replacement levies that will largely replicate the tariff rates in place before the Feb. 20 court ruling.

6. The court limited relief to three plaintiffs representing a small fraction of total US imports. Other importers may now bring suit, but we expect the administration to quickly appeal and seek a stay of the ruling. The split decision invalidating the tariffs is relatively narrow.

  • If the ruling stands, relief is limited to the importers who brought suit — two private firms and Washington State. The court dismissed claims from other non-importer parties for lack of standing. Additional importers could — and likely will — seek relief with their own lawsuits.
  • The court also sidestepped the broader question of whether the US currently faces a “fundamental international payments problem”, the authorized purpose of Section 122. Instead, it found the administration’s stated justification — trade and current account deficits — was not an appropriate stand-in.
     
Tyler Durden Thu, 05/07/2026 - 23:31
Tyler Durden

Ant-infested Canadian hospital pauses surgeries after insect invasion

NY Post
3 months ago
Anything -- even a single ant -- that could jeopardize sterility is an unacceptable risk for intensive health procedures, the medical facility said.
Daniel Cody

When Global Order Begins To Fracture

Zero Rss
3 months ago
When Global Order Begins To Fracture

Authored by Milan Adams via Preppgroup blog,

There are moments in history when the world changes with noise — sirens, speeches, falling statues. And then there are moments when it changes so quietly that almost nobody realizes it is happening. We are living through the second kind. No formal announcement marked the transition. No historic summit collapsed on live television. No leader stepped forward to say: the old rules no longer apply.

And yet, somewhere between the war in Ukraine, the tightening strategic alignment between Russia and China, and the silent expiration of the New START in February 2026, the global system that kept great-power rivalry inside predictable boundaries began to dissolve. Not explode. Dissolve.

For decades, the world’s stability did not come from trust. It came from limits. From inspection regimes. From numbers written into treaties. From the strange comfort of knowing exactly how dangerous your adversary was allowed to be. Military planners in Moscow and Washington worked with ceilings. Diplomats worked with verification schedules. Leaders worked with red lines that had legal meaning. Those ceilings are now gone, and most of the public has not noticed because nothing dramatic happened the day they disappeared.

The Strategic Triangle That No Longer Moves

For years, American strategists believed the triangle between Washington, Moscow, and Beijing could be manipulated. If relations with one deteriorated, the other could be courted. It was the logic behind the Cold War opening to China and the repeated attempts to “reset” relations with Moscow. There was a quiet confidence that Russia, culturally tied to Europe and historically wary of China, would never fully lean toward Beijing.

That confidence now looks misplaced.

Today, the United States faces not two separate rivals but two powers whose interests increasingly overlap:

  • Both view American sanctions as a weapon of political coercion

  • Both seek to dilute U.S. influence in global institutions

  • Both advocate a “multipolar” order where Washington’s dominance fades

  • Both benefit from closer economic and strategic coordination

This is not a formal alliance, which paradoxically makes it more durable. It is not built on ideology or treaty obligations but on a shared reading of the world. Even a future change in leadership after Vladimir Putin may not reverse this direction. Years of sanctions, NATO expansion, and the war in Ukraine have reshaped Russian political psychology. The turn toward China is no longer tactical. It is structural.

The Day the Guardrails Disappeared

On February 5, 2026, New START expired. There was no emergency summit. No dramatic breakdown in negotiations. It simply ended.

For the first time since the early 1970s, there is no binding agreement limiting how many deployed strategic nuclear weapons the U.S. and Russia can field. Together, they hold the overwhelming majority of the world’s nuclear warheads. During the Cold War, even at moments of extreme tension, both sides maintained arms control agreements because they served a critical purpose: they made the enemy measurable. You could count warheads. You could inspect launchers. You could verify data.

Now, you cannot.

Russia suggested informally that both sides observe the old limits for another year to allow time for talks. Washington did not formally accept. No replacement treaty emerged. No urgent negotiations dominated the news cycle. The expiration passed like a date on a calendar, but inside defense ministries, the conversation shifted. Without legal ceilings, planners no longer ask what are we allowed to deploy? but what can we deploy? That is how arms races begin — quietly, through planning assumptions rather than political declarations.

A Pattern of Pressure in Unlikely Places

While most attention remains on Ukraine and nuclear policy, Moscow has been testing American reactions in places that rarely make front pages.

The Western Hemisphere

Near Venezuela, a U.S. Coast Guard seizure of a Russian-flagged tanker suspected of sanctions violations brought American and Russian forces into unusual proximity. Russian naval assets, reportedly including a submarine, were operating nearby. Moscow denounced the move as piracy. The incident did not escalate, but it revealed a willingness to challenge U.S. authority in its own neighborhood through presence and ambiguity rather than confrontation.

The High North

In the Arctic, melting ice is opening the Northern Sea Route into a viable trade corridor between Europe and Asia. Russia controls much of this passage and positions itself as its gatekeeper. China’s interest in what it calls a Polar Silk Road adds another layer of leverage for Moscow without a single shot being fired.

The Middle East

In crises involving Iran, Russia has condemned Western actions but avoided direct military involvement, constrained by the demands of the war in Ukraine. Even so, Moscow continues to present itself diplomatically as an alternative power center to Washington, choosing its moments carefully.

Multipolarity as a Strategic Weapon

In international forums, Moscow and Beijing repeat the same phrase: multipolar world. It sounds abstract and even reasonable, but strategically it signals a shift away from the system in which the United States could enforce rules through economic and institutional power. In a multipolar system, sanctions lose effectiveness, institutions become arenas of gridlock, and regional powers gain more freedom to challenge established norms without immediate consequences.

There is no secret pact binding Russia and China into a military bloc. But patterns are visible. China purchases discounted Russian energy. Russia benefits from China’s refusal to isolate it diplomatically. Joint exercises occur. Messaging aligns in international institutions. This is not conspiracy. It is convergence, and over time, convergence reshapes the balance of power as effectively as formal alliances.

A World Without Clear Edges

For American policymakers, the problem is new and uncomfortable. Deterring one nuclear peer was the central challenge of the Cold War. Deterring two, at the same time, is a strategic puzzle without historical precedent. How do you prepare for simultaneous crises in Europe and the Pacific? How do you distribute forces without weakening credibility in either theater?

The answers are unclear, and that uncertainty is itself destabilizing. What makes this period unsettling is not the presence of immediate crisis but the absence of clear boundaries. No arms control limits. No clean separation between economic and military rivalry. No reliable assumptions about how far competitors are willing to go.

Speak privately with diplomats or analysts, and you hear the same quiet phrase repeated: this feels different. Not louder. Different. The stabilizing mechanisms built over fifty years are eroding faster than new ones can replace them, and the world is drifting into a phase where miscalculation becomes more likely simply because the rules that once structured rivalry no longer exist.

The Geography of Escalation

What makes the current geopolitical shift so difficult to grasp is that its most consequential developments are not unfolding in spectacular acts of confrontation, but through a slow accumulation of pressure points that, taken together, redraw the strategic map of the world. The new contest for power is no longer concentrated in obvious flashpoints alone; it is spreading across trade routes, technological infrastructure, energy corridors, and regions once treated as peripheral to great-power rivalry.

Its defining characteristics are becoming increasingly clear:

  • Strategic competition is expanding into spaces once considered neutral, from Arctic maritime corridors and orbital infrastructure to undersea cables and semiconductor supply chains that now carry the weight of national security.

  • Economic interdependence is no longer viewed primarily as stabilizing, but increasingly as vulnerability — something states seek to weaponize, shield against, or strategically reduce.

  • Military deterrence is becoming more diffuse and unpredictable, shaped not only by nuclear arsenals, but by cyber capabilities, autonomous systems, and the ability to cripple critical infrastructure without firing a conventional shot.

  • Political fragmentation inside democracies has become an external strategic variable, as rivals increasingly calculate not only military strength, but institutional resilience, public fatigue, and the ability of societies to sustain prolonged competition.

This is what makes the moment historically unusual: the architecture of confrontation is becoming broader than war itself. Power is now projected through disruption, ambiguity, and exhaustion as much as through force, creating a landscape where crises may emerge not as singular explosions, but as overlapping pressures that slowly weaken the coherence of entire systems.

Where Stability Used to Live

For decades, global order depended on mechanisms that reduced uncertainty even when hostility remained intense. What held rivalry in check was not goodwill, but structure — the confidence that opponents understood thresholds, recognized consequences, and operated within a strategic grammar both sides could read. That grammar is now eroding, and with it disappears the predictability that once made dangerous competition manageable.

Several pillars have quietly weakened at once:

  • Arms-control architecture is fading faster than replacement frameworks can emerge, removing the legal and psychological ceilings that once constrained escalation.

  • Diplomatic channels remain open, but increasingly hollow, producing language of cooperation while substantive trust continues to deteriorate beneath the surface.

  • Alliance systems are strengthening militarily while becoming politically more complex, forcing governments to balance deterrence abroad with growing strain at home.

  • Strategic planning is increasingly dominated by worst-case assumptions, and once governments begin budgeting, deploying, and preparing around pessimistic scenarios, those scenarios begin shaping reality regardless of original intent.

This is how history often changes — not when one pillar falls, but when several begin cracking at once under accumulated weight.

The Century’s Harder Question

The central issue facing the world is no longer whether tension between major powers will define the coming decades; that much is already visible. The deeper question is what kind of competition is now being born, and whether political leadership is capable of understanding its scale before events begin dictating terms on their own.

What increasingly worries strategic analysts is a convergence of destabilizing trends:

  • Two nuclear peer competitors confronting Washington simultaneously, creating deterrence challenges without modern precedent.

  • A world economy fragmenting into competing technological and industrial blocs, where efficiency is sacrificed for resilience and security.

  • Critical infrastructure becoming a battlefield, from ports and power grids to satellite systems and digital finance architecture.

  • A widening gap between strategic reality and public perception, with governments quietly preparing for long-term confrontation while much of society still assumes the turbulence is temporary.

That disconnect may prove more dangerous than any single military crisis, because nations are often least prepared for transformation when they mistake structural change for passing instability. By the time reality becomes obvious, the balance of power has usually already shifted.

The Illusion of Distance

One of the most persistent misconceptions in periods of strategic transition is the belief that major geopolitical change remains distant until it becomes visible through unmistakable crisis. That assumption is comforting, but history rarely moves according to the emotional timelines societies prefer. By the time structural change becomes obvious to the public, it has usually been unfolding for years beneath the surface — inside defense budgets, industrial policy, intelligence assessments, shipping patterns, alliance planning, and the quiet recalibration of what states believe they may soon be forced to do. What appears sudden is often only the first moment ordinary people notice what governments have already spent years preparing for.

Several developments suggest that this deeper transition is no longer theoretical:

  • Military-industrial production is being reconsidered as a strategic necessity rather than an economic burden, with governments increasingly prioritizing ammunition stockpiles, shipbuilding capacity, rare-earth access, semiconductor sovereignty, and resilient supply chains that can withstand prolonged confrontation.

  • Energy has fully returned as an instrument of power, no longer merely a commodity traded on markets but a geopolitical lever capable of rewarding alignment, punishing dependence, and reshaping regional influence through pipelines, shipping routes, and long-term infrastructure partnerships.

  • Technology is being absorbed into national-security doctrine at unprecedented speed, turning artificial intelligence, quantum computing, satellite networks, cyber offense, and digital infrastructure into strategic assets whose control may define power as decisively as oil fields or naval fleets once did.

  • Neutral space is shrinking, as regions and states once able to balance relations between competing blocs increasingly face pressure to choose economic, technological, and strategic alignment in a world becoming less tolerant of ambiguity.

The cumulative effect is profound: global competition is no longer being organized around isolated disputes, but around a broader contest over who will shape the operating rules of the twenty-first century. That makes nearly every crisis larger than it first appears, because behind each confrontation sits a wider struggle over influence, leverage, and strategic endurance.

The Pressure That Does Not Break — Until It Does

What makes this era particularly dangerous is that it is not defined by one overwhelming shock, but by the gradual layering of tensions that, individually manageable, collectively create systemic strain. International order does not always fail because of catastrophic singular events; often it weakens because too many pressures build simultaneously until institutions lose the capacity to absorb them. That is the pattern increasingly visible today.

Among the most destabilizing pressures now converging are:

  • Persistent military confrontation in Europe, where the war in Ukraine has transformed from regional conflict into a long-term strategic contest reshaping NATO posture, Russian doctrine, European defense spending, and the broader military balance on the continent.

  • Rising strategic friction in the Indo-Pacific, where Taiwan, the South China Sea, maritime chokepoints, and expanding naval competition increasingly place the world’s economic center of gravity inside an active security dilemma.

  • Intensifying competition over critical resources, including rare earth minerals, industrial metals, advanced chips, and logistical infrastructure that underpin both civilian economies and modern military capability.

  • Growing vulnerability of interconnected systems, where attacks on communications networks, financial systems, power grids, satellite constellations, or maritime infrastructure could generate cascading disruption without a single formal declaration of war.

This is what gives the current moment its unusual gravity: escalation no longer needs to be deliberate to become real. It can emerge through overlap, accident, misreading, or exhaustion. A cyber disruption during a regional military standoff, an industrial blockade disguised as regulation, a maritime collision in contested waters, a sanctions spiral that unexpectedly fractures global markets — these are no longer improbable scenarios imagined in think-tank exercises. They are increasingly plausible outcomes in a world where strategic friction exists across too many domains at once.

The Cost of Misreading the Moment

Perhaps the greatest strategic danger is not aggression itself, but complacency — the tendency of societies, markets, and political systems to interpret structural instability as temporary turbulence rather than historic transition. The modern world is deeply conditioned to believe that shocks are disruptions to normality, after which normality returns. Yet some periods are not interruptions; they are turning points, moments when the previous equilibrium quietly expires and a harder reality begins taking shape.

The signs of that transition are already visible:

  • Governments are preparing for resilience rather than efficiency, favoring redundancy, domestic production, and strategic reserves over the economic logic that dominated globalization’s peak decades.

  • Defense planning horizons are expanding, with states investing not for immediate conflict alone, but for prolonged competition measured in decades rather than election cycles.

  • Strategic alliances are being reinforced not simply for deterrence, but for endurance, reflecting growing recognition that the defining challenge ahead may be sustained geopolitical pressure rather than singular confrontation.

  • Public awareness remains significantly behind elite strategic assessment, creating a dangerous disconnect between the scale of transformation underway and the political urgency with which societies respond to it.

History is often shaped not by the crises leaders expect, but by the ones they underestimate because the early warning signs appear too gradual to command attention. That is what makes this moment so consequential. The old order is not collapsing in spectacle, but in slow motion — treaty by treaty, assumption by assumption, safeguard by safeguard — while a more unstable world quietly assembles itself in its place, piece by piece, beneath the comforting appearance of continuity.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.

Tyler Durden Thu, 05/07/2026 - 23:25
Tyler Durden

Pastor: U.S. Intel Warned Christian Leaders That Trump's "Alien Files" Release Could Shatter Beliefs

Zero Rss
3 months ago
Pastor: U.S. Intel Warned Christian Leaders That Trump's "Alien Files" Release Could Shatter Beliefs

Zero-Point energy? Hologram theory? Consciousness is actually remote controlling our bodies via quantum microtubules in our squishy brains? How about all those dead scientists? Whatever reality is, the steady drumbeat of UFO 'disclosures' now apparently includes religious leaders, who are being 'read in' on some plan for a 2027 disclosure. Maybe project Blue Beam is ready for prime time...

Perry Stone, an influential pastor and author based in Tennessee, claimed that U.S. intelligence officials told Christian leaders to brace their congregations for the federal government’s imminent disclosures regarding extraterrestrial beings, warning that the shocking findings could shake the foundation of their faith.

In a recent video, Stone alleged that the pastors were briefed on unidentified flying objects and so-called “reptilians” in the possession of the government. The claim follows President Trump’s order directing the Pentagon and Secretary of Defense Pete Hegseth to release all information the government possesses on aliens.

"You're going to have people who are going to say if there are galaxies and there are allegedly other creations in the galaxies, then the whole creation story is a myth, and you're going to have people that's going to apostatize and turn from the Christian faith because they have no answer for what they're about to hear,’ Stone said.

🚨Report: Pastor Perry Stone said a large group of pastors was invited to a secret meeting with individuals from the US government telling them to prepare their churches for UFO disclosure:

“There's going to be a release concerning aliens. You need to prepare your people.” pic.twitter.com/ctUFpMNc2p

— The Calvin Coolidge Project (@TheCalvinCooli1) May 6, 2026

Stone added that non-believers could be so shaken by the findings that religious leaders will see a flood of people coming to them seeking answers.

"They're going to freak out and they're going to come to pastors, ministers, and teachers and say, 'What is this? Is this really real?”’ he said.

Then there's this guy: 

In a Space today, Alan DiDio (@alandidio) says he attended the UFO disclosure pastor meeting, and the year 2027 was discussed in relation to aliens and UFO disclosure. 😳 pic.twitter.com/BvUbFYFrYY

— Astral🛸 (@The_Astral_) May 5, 2026

Despite Trump’s order to release files on aliens, some of the highest-ranking government officials remain skeptics.

Vice President JD Vance told conservative podcaster Benny Johnson in March that the most likely explanation for aliens is that they are actually “demons.”

"When I hear about extra natural phenomenon, that’s where I go: The Christian understanding that there’s a lot of good out there, but there’s also evil out there," Vance said. "I think that one of the devil’s great is to convince people that he never existed.”

JD Vance Tells Me That UFOs are DEMONS:

“I Think They’re DEMONS” 🛸

“I don’t think they’re aliens. There are weird things out there that are very difficult to explain.”

The Vice President tells me he’s going to AREA 51 with his Top Secret Security Clearance to FIND OUT.

“I… pic.twitter.com/mDtrafkxB9

— Benny Johnson (@bennyjohnson) March 27, 2026

Still, some in Congress appear to disagree Vance's dismissed stance towards UFOs, including Rep. Tim Burchet (R-TN)

"I've been briefed by just about every alphabet agency there is,” Burchet told Newsmax. And, I'll just say this, if they were to release the things that I've seen, you'd be up at night, worrying about, thinking about this stuff.”

"This country would've come unglued, I think, if they [the public] would've heard all that I heard. They would demand answers,” the lawmaker added.

And just in case all of this is true - here's stoned Alex Jones going off...

Tyler Durden Thu, 05/07/2026 - 23:00
Tyler Durden

MetLife Stadium gets key field facelift ahead of 2026 World Cup

NY Post
3 months ago
FIFA officials were on hand Thursday to show off the new grass being laid down.
Christian Arnold

Rangers’ Noah Laba aims to build on surprising rookie year

NY Post
3 months ago
Noah Laba didn’t exactly expect to spend his entire first full professional season in the NHL with the Rangers.
Mollie Walker

Johnny Manziel set for boxing match against social media influencer at UFC Apex

NY Post
3 months ago
Johnny Manziel is entering the boxing ring.
Thomas Gamba-Ellis

Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen

Zero Rss
3 months ago
Saudi Arabia's $1Tn Wealth Fund Opens Shanghai Office As China Ties Deepen

Via The Cradle

Saudi Arabia’s Public Investment Fund (PIF) opened a second office in mainland China earlier this year, establishing a Shanghai branch to expand dealmaking and attract more Chinese investment into the kingdom, Bloomberg reports.

The office was registered last year, falls under PIF’s Beijing branch, and is led by Lily Cong, a former chief representative of Fidelity International in China’s capital.

Source: Britannica 

The Shanghai outpost was reportedly created to strengthen the $1 trillion fund’s ability to pursue outbound deals in China, while officials are also seeking to bring more Chinese companies into Saudi Arabia.

This move strengthens Riyadh’s investment relationship with Beijing, while the US continues to be a major market for the kingdom. The Shanghai office expands PIF’s global presence, which already features offices in New York, London, Hong Kong, and Paris. 

Saudi Arabia and China already maintain strategic and financial links across sectors, including energy and finance, while other Gulf wealth funds are also looking to expand their exposure to China.

Abu Dhabi is also considering placing Chinese assets held by two of its wealth funds into a new entity, according to earlier reports, a move that could pave the way for a broader shift in its investment strategy.

The Gulf investment push comes amid major shifts in West Asian markets following the US war on Iran, triggering regional disruptions that have put pressure on Gulf economies and accelerated moves away from dollar-dominated energy trade.

Saudi Arabia, Qatar, and other Gulf states have deepened yuan-based financial links with China, while disruptions in the Strait of Hormuz have further exposed the fragility of the “petrodollar order”.

According to a report by Fortune, Riyadh did not formally renew its 2024 commitment to price oil exclusively in US dollars, a year after signing a $7 billion currency swap agreement with Beijing. 

The Saudi central bank is also a key participant in the mBridge digital payment platform, which enables direct currency exchanges via blockchain technology.

Economists cited by Fortune say the shift reflects China's growing weight in Saudi trade, as Beijing has displaced the US as the kingdom’s largest oil customer. 

"The economic gravity pointed toward yuan while the currency arrangement pointed toward dollars," EBC Financial Group analyst Michael Harris wrote. 

Saudi Arabia still conducts most deals in US dollars, but expanding financial ties with Beijing signal a broader effort to diversify trade and investment channels as China positions the yuan as a possible alternative in global energy markets.

Tyler Durden Thu, 05/07/2026 - 22:35
Tyler Durden

Outrage as San Diego prepares to kill historic Christmas tradition amid staggering budget cuts

NY Post
3 months ago
For years, December Nights has transformed Balboa Park into a winter wonderland, turning it into one of the city's biggest tourist draws of the year.
Bianca Zalben

Giants release four players to trim roster after offseason additions

NY Post
3 months ago
All the signings over the past few weeks inflated the Giants roster, and they released four players Thursday to get down to the 90-player limit.
Paul Schwartz

NYC’s Rent Guidelines Board votes to approve potential rent freeze on 1M apartments as landlords rip ‘reckless and irresponsible’ move

NY Post
3 months ago
The board will hold five more meetings, including four public hearings, before its final vote on June 25 – officially deciding whether to freeze or raise rents.
Hannah Fierick, Zoe Hussain

Small plane flips upside down while landing at Cape Cod airport

NY Post
3 months ago
The Bearhawk LSA-8X flipped after landing at Cape Cod Gateway Airport in Hyannis around 3:30 p.m.
Zoe Hussain

Jerry Seinfeld takes jab at ‘Friends,’ claims it copied his sitcom ‘Seinfeld’

NY Post
3 months ago
At their core, both shows revolved around a close group of friends living in New York City.
mliss1578

Jerry Seinfeld takes jab at ‘Friends,’ claims it copied his sitcom ‘Seinfeld’

NY Post
3 months ago
At their core, both shows revolved around a close group of friends living in New York City.
Antoinette Bueno

Struggling Trent Grisham kickstarts Yankees’ six-run rally with ‘at-bat of the game’

NY Post
3 months ago
Trent Grisham opened the floodgates.
Jake Nisse

Horrifying hit-and-run caught on camera in LA as search continues for cold-blooded driver

NY Post
3 months ago
Investigators say Tommie Simpson III was walking east across Vermont Avenue outside of a crosswalk when he was hit by a light-colored sedan.
Daniel Farr

March Madness expanding to 76 teams in 2027 with new alcohol ads fueling increase in games

NY Post
3 months ago
The magical March Madness cocktail will now include eight more teams, eight more games and more of one other ingredient, too: beer.
Associated Press

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