Saudi Arabia is not happy with the Biden administration's policy towards it, certainly not when an agreement with Iran is closer than ever and when the Yemeni Houthis are off the list of terrorist organizations.

In recent days there has been more and more news about deals being forged between Saudi Arabia and China. The Wall Street Journal reported today that Saudi Arabia is considering accepting the Chinese yuan for the oil instead of the dollar in exchange for the oil.

Such a move should help the yuan become a tradable international currency. The damage to the dollar should be minor.

But shortly after the publication, Riyadh was quick to deny the news and noted that it was baseless. In other words, the Saudis are sending messages of dissatisfaction to the Americans but prefer not cause a crisis altogether ....