Iran may allow Hormuz oil shipments if traded in yuan: Report

    https://www.turkiyetoday.com/region/iran-may-allow-hormuz-oil-shipments-if-traded-in-yuan-report-3216209

    Posted by Shevizzle

    16 Comments

    1. Kranken_DeHogge on

      this is the equivalent of Iran taking their nutsack out of their pants and slapping it on the table during a game of beer pong

    2. > Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that cargo is traded in Chinese yuan, a senior Iranian official told CNN.
      > 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 yuan, CNN reported. China has sought for years to expand the use of the yuan in oil transactions, though the dollar remains the world’s primary reserve currency.

      Shits about to get real

    3. Primary_Olive_5444 on

      So one pays Iran in Yuan and they recycle it by purchasing …

      Still limited use.

    4. I don’t believe it.

      This will crash oil prices, since most of the Gulf oil goes to Asia, and Iran will loose it’s advantage over Trump. 

      With high oil prices Iran have Trump by his balls. 

    5. Professional-Door824 on

      So to summarize: the net winners of this conflict are Russia and China? This level of 4D chess is beyond my comprehension.

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