Iran may permit oil tankers to pass Hormuz if trade uses CCP yuan

[duluxe]

An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. (Reuters Photo)
Iran may allow a restricted number of oil tankers to pass through the Strait of Hormuz if shipments are traded in Chinese yuan, a senior Iranian official told CNN, according to a report Friday.
The official said the potential move is part of Tehran's plan to manage the flow of oil tankers through the strategic waterway.

Global oil is predominantly traded in U.S. dollars, except for sanctioned Russian oil, which is priced in rubles or the yuan, said CNN, adding that China has sought for years to expand the use of yuan in oil transactions, but the dollar remains the world's primary reserve currency.
Concerns about disruptions in the strait, a critical route for the world's energy supply, have pushed oil prices to their highest since July 2022, following the start of the Russian-Ukrainian conflict that began earlier that year, it said.

The Strait of Hormuz carries about 20 million barrels of oil a day and roughly 20% of the global liquefied natural gas trade.
The U.N. warned on Friday that restrictions on shipping through the strait could have a "massive impact" on humanitarian operations in the region.
Tehran has effectively closed the Strait of Hormuz since March 1, following Israel and the U.S. launching joint attacks against Iran on Feb. 28, which have so far killed around 1,300 people, including then-Supreme Leader Ayatollah Ali Khamenei. Hostilities have since escalated.

 

[duluxe]

 

[duluxe]

 

[laksaboy]

There you go, China has been stirring shit in that region for years.

Why do you think BRICS and 'dedollarization' propaganda were created?

 

[syed putra]

There you go, China has been stirring shit in that region for years.

Why do you think BRICS and 'dedollarization' propaganda were created?

Its US that created this shit. Dont you forget that

 

[winners]

Then all countries depending on the ME oil should just trade in RMB for the time being lah. The USD will then drop like flies. Trump had wanted this also, no?

 

[duluxe]

There you go, China has been stirring shit in that region for years.

Why do you think BRICS and 'dedollarization' propaganda were created?

Iran is the flagger, trying to drag China in. China is not stupid.

 

[duluxe]

Then all countries depending on the ME oil should just trade in RMB for the time being lah. The USD will then drop like flies. Trump had wanted this also, no?

You want to save in RMB or USD or SGD?

 

[winners]

You want to save in RMB or USD or SGD?

I stay neutral, in SGD, which is also all I have.

 

[Leongsam]

Iran is in no position to deny or permit anything.

 

[syed putra]

Iran is the flagger, trying to drag China in. China is not stupid.

US use economic and currency sanctions on iran, iran can do the same to US economy. Its s tit for tat. Nothing to do with china.

 

[404]

Iran has been under US sanctions for several decades and has been barred from using the SWIFT system. As a result, it primarily conducts trade with China using the RMB, making it logical to collect fees in RMB.
Recently, the U.S. bombed a bank critical to Iran. In retaliation, Iran is preparing to escalate a financial war. By promoting the use of the Chinese RMB, Iran appears to be supporting China in expanding RMB adoption, potentially through assertive measures. This move seems to be a calculated response targeting the petrodollar's dominance in oil transactions, opening a new front in the financial conflict, as Iran lacks the capacity to act independently on this scale.

 

[syed putra]

Iran has been under US sanctions for several decades and has been barred from using the SWIFT system. As a result, it primarily conducts trade with China using the RMB, making it logical to collect fees in RMB.
Recently, the U.S. bombed a bank critical to Iran. In retaliation, Iran is preparing to escalate a financial war. By promoting the use of the Chinese RMB, Iran appears to be supporting China in expanding RMB adoption, potentially through assertive measures. This move seems to be a calculated response targeting the petrodollar's dominance in oil transactions, opening a new front in the financial conflict, as Iran lacks the capacity to act independently on this scale.

Its a great move. Please destroy trump and the US deep state.

 

[KingFook Sr]

There you go, China has been stirring shit in that region for years.

Why do you think BRICS and 'dedollarization' propaganda were created?

You are so anti-Chinese.
Cool it.