Iran Allows Oil Tankers To Pass Through The Strait Of Hormuz

But there's a condition.

Tehran has allowed a limited number of oil tankers to pass through the Strait of Hormuz if the trade is in Chinese yuan.

This is reported by CNN.

Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz if the cargoes are traded in Chinese yuan. A senior Iranian official told CNN.

The source said the possible move comes amid the Islamic republic's work on a new plan to manage the flow of oil tankers through the strait.

The international oil trade is reportedly almost entirely in dollars, except for Russian oil, which is subject to sanctions and traded in rubles or yuan.

China has tried to impose its services over the past few years by buying oil in yuan, particularly from Saudi Arabia. But the dollar remains the world's reserve currency and the yuan is not widely accepted in the global market.

You can support the website Charter97.org

MULTI-CURRENCY ACCOUNT FOR ASSISTANCE:

Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims

You can contact us by the e-mail [email protected]