Brief by Shorts91 Newsdesk / 01:06pm on 15 Mar 2026,Sunday International
Amid escalating tensions in the Middle East, Iran is reportedly considering allowing a limited number of oil tankers to pass through the strategically vital Strait of Hormuz, but only if the oil transactions are conducted in Chinese yuan instead of U.S. dollars. According to reports citing a senior Iranian official, the move would be part of a controlled reopening of the waterway after disruptions caused by ongoing conflict and attacks on ships. The condition aims to reduce reliance on the U.S. dollar and strengthen economic ties with China. Analysts say such a policy could challenge the dominance of the petrodollar system and reshape global oil trade dynamics. (PC: X)
