diplomacyMay 7, 2026

Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

Summary

After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict.

Source: Chris Ogden — Read the full report

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Sources

Chris OgdenBy Chris Ogden
After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict. The US has begun to escort ships through the narrow passage, but behind the military manoeuvring lies a deeper development…

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