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flag Yuan share of global trade declines despite U.S.-Iran conflict.

flag Despite expectations that a U.S.-Iran conflict would boost the yuan as a global currency, there is no significant shift in energy markets. flag While some transactions use the yuan for specific trade, the dollar remains dominant. flag The yuan's share of global trade has actually declined, and Russia's recent move to return to dollar settlements signals that its previous pivot was driven by necessity, not preference.

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