Iran May Allow Oil Tankers Through Strait of Hormuz Only if Trade Is in Chinese yuan

Jun 18, 2026 - 23:44
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Iran May Allow Oil Tankers Through Strait of Hormuz Only if Trade Is in Chinese yuan
Iran is considering controlling the movement of oil tankers through the Strait of Hormuz. This strait carries 20% of the world's oil supply. Iran may only allow tankers that trade oil in Chinese yuan.

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