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Iran's Yuan Gambit: Hormuz Oil Passage for Chinese Currency

ईरान ने जंग के बीच होर्मुज को लेकर एक नई चाल चल दी है. (Image:Reuters)

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News18•14-03-2026, 21:24

Iran's Yuan Gambit: Hormuz Oil Passage for Chinese Currency

•Iran considers allowing oil tankers through the Strait of Hormuz only if oil is traded in Chinese Yuan.
•This move challenges the US dollar's dominance in global oil trade and promotes China's Yuan.
•The Strait of Hormuz is a vital oil route; disruptions could impact global energy supply and crude prices.
•US-Iran tensions escalate with Donald Trump's warnings of targeting oil facilities if Hormuz is blocked.
•UN warns of global economic consequences, affecting essential goods and oil-importing nations like India.

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