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Iran's Hormuz Control - Full Coverage

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Mar 18, 2026 World Economy

Iran Allows Hormuz Passage Only for Yuan-Paying Ships

1Iran is negotiating with 8 nations to allow only Yuan-trading ships via Hormuz.

2This aims to counter US influence by replacing the petrodollar with the Yuan.

3Ships from India and Pakistan have already passed safely with Iran's permission.

Mar 18, 2026 World Economy

1Iran proposed a new deal after blocking the crucial Strait of Hormuz.

2It is negotiating with 8 nations to allow safe passage for oil traded in Yuan.

3This seems to be Iran's strategy to break the US dollar's dominance in oil.