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Iran is reportedly considering allowing a limited number of oil tankers to pass through the strategic Strait of Hormuz—but with a major condition: the oil cargo must be traded in Chinese yuan instead of U.S. dollars.
According to a report cited by CNN, Iranian officials are exploring a plan that would permit restricted tanker traffic through the vital waterway if transactions are conducted in China’s currency. The move could deepen energy ties with China while reducing reliance on the U.S. dollar in global oil trade.
The Strait of Hormuz is one of the world’s most critical energy choke points, handling a significant share of global oil shipments. Any restrictions or conditions on tanker passage could have major impacts on energy markets and international trade.
📌 Reference: CNN report cited by international outlets including Times of India and Türkiye Today.