🇮🇷 IRAN MAY ALLOW OIL TANKERS THROUGH HORMUZ
But with one condition:
Oil must be traded in Chinese yuan instead of U.S. dollars.
Why this matters:
• The Strait of Hormuz carries 20% of global oil supply.
• Iran has already selectively allowed some ships through, showing the route isn’t fully closed.
• China is the largest buyer of Iranian oil, making yuan trade a logical workaround.
• Higher oil prices → higher global inflation risk.
• It also puts pressure on the petrodollar system, potentially accelerating the shift toward yuan-based energy trade.
If tensions escalate, expect more volatility in oil and global markets.