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.

[EarnOnVictor]

Fine, they are desperate and must do something, but this approach is stupid. It's just like a an armed robber caught in the act, and out of desperation, held someone at gunpoint as a leverage. Most times, it doesn't end well for them.

Let's watch as the situation unfolds, maybe only then you will understand the backfire I mean, when the "power that be" totally take the control of that Island and the security around it forever. Then Iran weakens and losses more.

How is it stupid? We thought Trump can do it all.

I thought my position was clear on this? And it's not about Trump/US/Israel/Iran being right or wrong, it's about what could come after an action. Iran started making mistakes by bombing neighbouring countries unprovoked, despite their firm stance of not supporting the US. Instead of building friendship for support and de-escalation

Further provoking nations to do its bidding by forcing them to use Yuan just to pass through an international passageway will only make the world keep quiet if the US could find the way around the situation and seize the security of that area to themselves. Iran might later go to the UN, for all I care, but the world will support it less for what it did this time.

[Shadiq]

Iran is very strategic in the war, while the United States will have to spend a lot of money against that strategy. What Iran is demanding is certainly a big threat to the dollar. If it is implemented, then we are going to see the collapse of the United States very soon. The war is now becoming very unpredictable, it is very difficult to predict when and in which direction the war will take place. But it is certain that the United States is now suffering a lot economically.

Not many countries are responding to the call of the United States to protect the Strait of Hormuz. On the other hand, China is supporting Iran from the front and Russia will also be on Iran's side. All in all, the war is no longer limited to Iran-Israel and the United States. It has now turned trade into a war. The United States is already very expensive to prevent Iranian missiles

[sleepfirefly]

Not just the US; if Iran continues to be stubborn, all countries with significant interests in the strait may begin to react militarily, including Iran's allies.
After all, the Strait of Hormuz is a territorially independent international waterway. This is no longer an attempt to combat dedollarization; no country wants a country (Iran) to permanently control its export-import routes.

The EU might consider negotiating with Iran rather than going to a war that they know nothing about. The US and Israel started this war without consulting these EU nations. Trump now assumes that he can just command them to join the war.

India is already negotiating with Iran for the safe passage of about 30 vessels carrying LNG, LPG, and oil. Trump is learning the hard way that he needs allies to win this war. He should consult with key allies before such an invasion. It is the Emperor and Bibi; they should fight it. 

trump condemns NATO for not wanting to be involved in this war. NATO said they do not want to do anything with this war because they deem it illegal in the first place what Trump is doing. trump said other countries are willing to escort ships through the strait but has not mentioned them publicly. i wonder which countries he is talking about.

but those self-sustaining countries most likely would try to be away from this war as possible like russia and china for example.

[davis196]

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.

I do remember that Saudi Arabia was selling oil to China for Chinese yuan payments even before the Strait of Hormuz was blocked.
The real de-dollarization will begin when the European countries, Arab countries(from the Persian gulf), China and Japan sell all their assets, which are located in the USA(stocks, bonds and treasuries). This would be the end of the US dollar as a global currency. The Persian gulf countries selling oil for Chinese yuan still can't cause big damage to the global dominance of the US dollar.  How do you imagine the USA making the process of de-dollarization "not possible"? All they can do is bomb Iran. They can't offer anything valuable to Saudi Arabia, Qatar and the United Arab Emirates. Those countries are rich. They already have everything they need.

[Ishicryptic]

I don't like where this is going, the war is now shifting to economical distability and it's impact is affecting oil price globally, untop of that this Iran sudden declaration that oil that passes through the strait of Hormuz to be sold in Chinese Yuen, will cause more distability. Major BRICS nations should be happy about this development because their amalgamation is centered on dedollarisation, surely this is an opening for it to start coming to reality but I'm sure that they didn't intend it to start in a war. Another worry is how will America, take this chalange because if it goes through it will mean that the dependency of dollar in international trades will be cut short. I hope that there will be a compromise somewhere because of peace, it has the potentials to escalate the war.

[SuperBitMan]

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.

Do you believe the United States will how that to happen, with what is happening the war between Iran and the United States will last for a long time and Iran should get ready to lose a lot because the United States will try there possible best to bring Iran down, and we know it’s impossible for Iran to defeat the United States in a war, some decisions Iran is taking will just make things more difficult and worse, but I understand them they can’t just stay without fighting back, they are fighting back. Before the United States and Israel attacked them they said it that if they attack them they will fight back and that is what they are Just doing, let just wait for US reaction to this.

[aoluain]

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.

Yup, this is Iran's most important tactic in this war. Keeping the strait "closed"
puts pressure on global oil supply and indeed puts pressure on the Petro-Dollar
which is essentially propped up by the middle east oil countries.

They sell oil for US Dollars and in return they invest predominantly back into
the US economy with either the stock exchange or property. This keeps the demand
for Dollars high, everyone needs them if the want to buy or sell oil.

Requesting payment in any other currency than the Dollar pit pressure on that
"circular economy" under pressure.