Will Saudi Arabia join BRICS payments infrastructure and settle more than 10% of its oil exports in non-USD currencies by 2028?

Is Saudi Arabia Moving Away from the Dollar?

This prediction explores whether Saudi Arabia will join BRICS-linked payment mechanisms and settle over 10% of oil exports in non-USD currencies by 2028.

A Geopolitical Tightrope

While Saudi Arabia is expanding ties with China and BRICS nations, the dollar remains deeply embedded in global oil settlement. A limited diversification is possible — especially toward yuan settlements — but exceeding 10% would require a major strategic shift that risks unsettling relations with the U.S. The prediction remains highly contested.