Iran wants oil that pass through the Strait of Hormuz to be sold in Chinese Yuan

[WatChe]

Most of the US allies, such as Britain, Germany, France, Japan, and South Korea, refused to join the war alongside the US following Trump's call.

Recently, the German defense minister also stated that the US has the strongest navy in the world. But they could do nothing to change the situation in the Strait of Hormuz. So, Germany and Eu had any reason to intervene because this was not their war, and they were not the ones who started it.

The US initiated the war, but they did not dare deploy naval escort forces for fear of heavy losses. Do you think their allies would be foolish enough to accept the risks and losses in a war they are not involved in?

https://www.reuters.com/business/aerospace-defense/us-allies-rebuff-trumps-request-support-strait-hormuz-2026-03-16/

President Trump recently threatened EU on Greenland and that raised eyebrows of EU nations. Now US want same EU to come and assist him in opening Strait of Hormuz. German Defense Minister Boris Pistorius said on Monday "This is not our war, we have not started it." Clearly this is a red signal from EU that they are not interested in joining US in this war. China and Russia are already against this aggression and they want deescalation. The best move for US and other parties is to stop this war asap because now the whole world is suffering because of this war.

[virasog]

What does this mean for United States dollar?

If Iran is successful in this, open the Hormuz Strait just for countries that trade oil in Yuan, is this not the start of dedollarization? Or do you think United States will make that not possible?

Major oil producers rely on this Strait. Saudi Arabia, Iraq, Kuwait, United Arab Emirates, Qatar and Iran relies on Strait of Hormuz. We also know the ambition of China which is not hidden at all. Also Russia has tried its best to make sure that people does not depend on trades in United States dollar.

Yes, the dollar will lose its value if this happens and Iran is playing a very strategic game here. They may not be able to beat the USA in a war, but they can surely destroy the USA's domination and its economy through these tactical steps.

After the Gold backing was ended from the US dollar, they made an agreement with Saudi Arabia and other oil-producing nations that all dealings in oil would be in US dollars. This kept the dollar retained as a global currency, but if Iran manages to allow oil through Hormuz Strait only if the trade is done in Yuan, then it will be a big setback for the US.

[Fortify]

What does this mean for United States dollar?

If Iran is successful in this, open the Hormuz Strait just for countries that trade oil in Yuan, is this not the start of dedollarization? Or do you think United States will make that not possible?

Major oil producers rely on this Strait. Saudi Arabia, Iraq, Kuwait, United Arab Emirates, Qatar and Iran relies on Strait of Hormuz. We also know the ambition of China which is not hidden at all. Also Russia has tried its best to make sure that people does not depend on trades in United States dollar.

It's a gimmick and a way of poking fun at how weak Trump is right now. China won't mind the visual side of it either, as the US is intentionally costing them money by causing disruption to the flow of oil out of the Middle East but does not really want oil traded in Yuan - they intentionally restrict trade in it because it's a useful economic lever for their export ability. If America really wanted to step the pressure up they could make it a full blockade, so either all ships go through or no ships, however it would be verging on piracy if they started seizing ships flagged to other nations like that. Trump is so erratic that nothing is really off the cards or out of the question, right now though everyone in the world is going to end up paying more for this aimless war.

[Hamza2424]

What does this mean for United States dollar?

If Iran is successful in this, open the Hormuz Strait just for countries that trade oil in Yuan, is this not the start of dedollarization? Or do you think United States will make that not possible?

Major oil producers rely on this Strait. Saudi Arabia, Iraq, Kuwait, United Arab Emirates, Qatar and Iran relies on Strait of Hormuz. We also know the ambition of China which is not hidden at all. Also Russia has tried its best to make sure that people does not depend on trades in United States dollar.

Haha Iran is being sarcastic here haha I mean bro they have put a condition that US would never agree on, first they ask to not trade in dollar second the chose the currency US hate the most haha. That's diabolical but this is purely said by Iran because they don't want to make any deals with US because they know US would never agree on this.

Although Iran has also made it clear that the strait is open for those who will show their friendliness with them, and for their enemies it is not open. Anyway bro, other countries might be effected with this war but not at this level at which the whole story of war is being sold to us and we have to pay a lot for the things than before it was all a plan from the start and we as always have to pay haha.

[uchegod-21]

What does this mean for United States dollar?

If Iran is successful in this, open the Hormuz Strait just for countries that trade oil in Yuan, is this not the start of dedollarization? Or do you think United States will make that not possible?

Major oil producers rely on this Strait. Saudi Arabia, Iraq, Kuwait, United Arab Emirates, Qatar and Iran relies on Strait of Hormuz. We also know the ambition of China which is not hidden at all. Also Russia has tried its best to make sure that people does not depend on trades in United States dollar.

This is getting tougher. The United States is unlikely to sit back and allow this to happen, they will definitely find a way around it. Another important point to consider is that if dedollarization must truly take place, Iran must maintain its position even while facing strong pushback from countries that oppose a yuan-based trade system because definitely, not all countries will agree to these terms put by Iran.

[Cheema02]

What does this mean for United States dollar?

If Iran is successful in this, open the Hormuz Strait just for countries that trade oil in Yuan, is this not the start of dedollarization? Or do you think United States will make that not possible?

Major oil producers rely on this Strait. Saudi Arabia, Iraq, Kuwait, United Arab Emirates, Qatar and Iran relies on Strait of Hormuz. We also know the ambition of China which is not hidden at all. Also Russia has tried its best to make sure that people does not depend on trades in United States dollar.

Its a very worthy idea that if Iran focaused on trade by just only in the local currency Yuan then its gives the major turning point in the global market and may have huge impact on dollars worth and affects the dollar's position by dedollarization but to turns the global markets trend os not easy and no doubt powerful countries of Asia like America and China obviously supporting this system but dollar is so much stronger that its take time to loss its worth. The reason behinds its strength is that the main trading element of the world is oil and its all trades can be done through system and US don't easily loss its power to currency and have a effort to opens the strait for everyone. So while Strait is temporarily blocked then slowly other currencies can grow but Dollar remains up for many years.