Iran considering permit for limited oil tanker passage through Strait of Hormuz if cargo is denominated in Chinese yuan, CNN rep
16 Mar 2026, 22:50
Iran considering permit for limited oil tanker passage through Strait of Hormuz if cargo is denominated in Chinese yuan, CNN reports. Experts highlight that USD-based oil pricing is key to maintaining dollar’s reserve currency status, prompting U.S. efforts to regulate oil flows. Middle Eastern countries, including Saudi Arabia, are engaging in dedollarization talks with China to sell oil in yuan. mt in max