The ever-increasing and rapid growth of China's economic power in the world economic system has made the grounds for the conversion of this country's national currency as one of the world's most reliable currencies to be provided. One of the most important platforms for the rise of the yuan as an official international currency is the global oil and gas market. Global energy trade, which includes a major part of financial circulation among countries, has a major contribution to the economic strength of currencies such as the dollar. This is despite the fact that China has become the world's largest oil importer in recent years, and major oil producers such as Iran and Saudi Arabia are among the main oil exporters to this country. At the same time, China's economic competition with the United States, which has intensified in recent years, is another important factor that has caused China to take a more determined step towards turning the yuan into an official currency in the world. China is facing numerous challenges and difficulties for the globalization of its currency. The hotbeds of instability and insecurity in this country have created a situation that can endanger China's prospects and economic growth. On the other hand, the competition of political elites and territorial disputes with regional governments also add to the obstacles facing China.
