Iran’s Control of Hormuz Spurs Yuan Oil Payment Shift as Markets React

Iran’s grip on the Strait of Hormuz is tightening, and a new wrinkle has emerged: reports suggest Tehran is allowing yuan-based conditions for oil shipments seeking safe passage. Reports of Yuan Oil Payments to Iran Are Surfacing After President Donald Trump warned that Iran’s power plants could be “obliterated” if the Strait of Hormuz is […]