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

[SquallLeonhart]

Iran want payments, they want in yuan, they are basically making the rules at this point. I mean USA started this war saying they will bring a regime change and bring democracy (like they said in Iraq war) and they thought they were the big bad boys being able to just missile and kill anyone they want, and in a few weeks they became a nation who begs Iran to let the strait go and got their feelings hurt and calling unfair during a war, lol.

It is so funny to see USA in this situation, they know when it comes to military they are strong, if you go 1v1 battle against them then you are going to be beaten, but when it comes to geopolitical and beurocratic battle, USA is just a bunch of tools who have no idea what to do lol.

[Cookdata]

I know many are upset with the US because they are always arrogant in their political interventions in influencing the rest of the world, the world is now in a different era and indeed we cannot be colonized by the US, as if they are the most powerful on this earth, there is a time for them to be swallowed by their own words and they will lose the concern of their own allies later because of the attitude that the US always shows.
Both democrats and republicans seem to be the same from the US, they will do such things again and again, because a leader is now a representation of his party which will certainly always be printed with views that are not much different in this case sir.

No, US is not arrogant in their intervention, the Trump operations look arrogant and looks they are the one doing exactly what they are doing to other countries. They preach human right and freedom, what exactly is Iran having right now? Are they not doing the worse in Middle East? Two wrong can't make a right but at this point, I'm very in support of whatever diplomat Iran is doing to US, you can't continue to torment the world and go scot free with everything.

Don't you think other countries will look motivated with what is happening between this two. This is the loudest war US has ever done with other countries, he make so much noise without a single truth. "We won", "They surrender", all talk but Iran keep fighting back like they are not losing anything. Today make it day 27 since this war started and it has never been easy for them, now imagine if this was between US and China, I will be so invested in that day.

[Crypto Library]

We're seeing that he's so vocal about the situation and it's really possible that he's taking advantage of it. It's not only in the war in the Strait but also in the markets where they should be able to capitalize the situation and not let it pass that they're going to make some money out of it. We see it from time to time that if there are some new announcements that seems to be significant, the market moves a lot. If there are positive progress, the markets are also showing positive progress just as how it was announced by him.

Actually here I will say that the trump really know that he will never going to win against the Iran on this war although by this conflict he is worsening the world economy and here the Israel also have the another goal and that is why even the trump saying about the ceasefire the Israel breaking that again and again.

And I am saying that trump know that there is no winning chance for him and in the meantime his position is now weak on his own country and that is why I think he is trying to feel his pocket by the power of his position. Already we are seeing that after 48 hour ultimatum he increases this to 10 days if I am not wrong. Such talks and actions by the US mean that they are in a weak position and want to stop the war. However, I saw in the news today that Iran has completely rejected 15 of the US points, while Iran has raised five more points that directly conflict with US interests.

[retreat]

-snip-
Therefore, the only and best solution is for the US to end its blatant acts of aggression and bullying against Iran. And compensate them for the damage they have caused to Iran, that's all.

Well, I don't think Trump will be willing to provide the necessary compensation. They supposedly offered Iran a peace agreement, but the terms of the agreement are ridiculous and even nonsensical, as the US only offered points that benefited them. Iran, on the other hand, gained nothing. As long as a peace agreement doesn't benefit Iran, I don't think peace will ever be achieved between the two sides.

[red4slash]

The Strait of Hormuz had never experienced any problem or disruption until the US and Israel launched a preemptive strike against Iran, even while negotiations were still ongoing. That is the root cause of all the problems. Therefore, the only and best solution is for the US to end its blatant acts of aggression and bullying against Iran. And compensate them for the damage they have caused to Iran, that's all.

The problem now is they will never do that because there is always a reason for global peace and to think as if they are the police of the world and that has been the case for a long time.  US will continue to try to do everything in its power to achieve what they want under the pretext of stabilizing the situation but of course we understand their intention is to make their country no one dares to touch and keep them on top where other countries are subject to what they want.

At this time Iran still can not be conquered but when they can do that then it is certain there will be other countries that become their goal because from the beginning we can even see Iraq, Venezuela, Iran and possibly there are more of their next targets including currently Cuba which is indeed being threatened with what is done by the US.

[STT]

Chinese Yuan is the currency of Iran's largest customer so that much is quite likely, its not even new I would guess.  Enforcing that as the new currency for all oil sales is really unlikely.
  I cant see Chinese Yuan as being the new global currency, the country is feared not respected and lacks basic balance and control.  Their power is unilateral rather then by agreement which doesn't lend itself to trade beyond countries like Iran which will always choose to massacre their own people like a commodity.
   I'm not sure Iran is Afghanistan with its hills, it could lose the war but they can bargain on the basis USA started a fight they don't actually want.  I don't see any force to take over the country, in Libya or Syria you have a variety of forces but it seems a possibility lacking here.
  I don't see either side winning this conflict, like many wars its mostly just death destruction and loss.

[free-bit.co.in]

I think controlling the Strait of Hormuz is one of the strategic reason on why this war escalate. Also what we commonly see discussed by US and Israel is about Nuclear weapons created or owned by Iran.

But this war would not have happened and the Strait of Hormuz would not have been closed if the US had not attacked Iran.
You are overlooking something. The US is the only country to have ever used nuclear bombs to attack other countries, to date. Meanwhile, they accuse Iran of wanting to possess nuclear weapons since 2003, and Iran has never possessed any to date.

But resources is one of great factor on why US is eager to attack Iran, but unfortunately they made lots of miscalculation and shit happens not only with them but also including with other countries since economy in the worlds fuck up due to that war started by US.

There is a funny reasoning shared by some random people online and they say Trump did this just to cover up his relation on Epstein controversy, which for now this is pure rumors.

What we are experiencing is the consequence of nominating a man with pedophilic and belligerent tendencies as president of a superpower.

This is not just a rumor, it is true because Trump's name is mentioned nearly 40,000 times in Epstein's document. But that was not the main reason for this war.

[Halifat]

-snip-
Therefore, the only and best solution is for the US to end its blatant acts of aggression and bullying against Iran. And compensate them for the damage they have caused to Iran, that's all.

Well, I don't think Trump will be willing to provide the necessary compensation. They supposedly offered Iran a peace agreement, but the terms of the agreement are ridiculous and even nonsensical, as the US only offered points that benefited them. Iran, on the other hand, gained nothing. As long as a peace agreement doesn't benefit Iran, I don't think peace will ever be achieved between the two sides.

Trump always thinks he's very smart, but in this situation now I see Iran as the winner of this war because they use their strategy very well to make life difficult for Trump. The peace agreement that was sent from the US president seems not to be an agreement, because just as you said, Iran did not benefit anything and if that is the case it is not recognized as a peace deal if one part will only benefit while the other does not. Iran took USA by surprise which I believe they are still struggling to survive it up to this moment, they are even begging other nations to help them out because if Iran continue to trade with China currency it's simply means that America is falling Down, which they will not want that to happen.

[DrBeer]

Why not their own currency? I understand they are not stranger to China, they are friends and allies, which never made sense to be considering they are a Muslim country and China is killing their own Muslims, so no idea how that ally system works.

But in the end, I know that they are allies, but still doesn't make sense, Iran should be looking to make money, and the best way to do that would be selling your oil for your own currency, that way others are buying up your currency, making it more powerful, instead of making China more powerful. You may think nobody will use theirs, but during an oil shortage, I am sure everyone will be fine with it.

Iran cannot accept payments in Iranian rials. The Iranian rial is not freely convertible and does not function through international payment systems. Moreover, inflation makes it completely unattractive. Let’s ask ourselves: why does Iran sell oil for Iranian rials, while Russia, for example, does not sell oil for rubles?

As for China—that’s a very interesting observation. I’ve always found it fascinating to watch how rallies and waves of protests along the lines of “let’s protect Muslims” are “manually” orchestrated, for example in the Gaza Strip, yet everyone buries their heads in the sand and remains silent about China, which has been committing genocide against Muslims for decades.
 Moreover, the leaders of countries that frantically demand to “protect Muslims” in other countries maintain the warmest of relations with China, as if they don’t notice what’s happening there It seems that where there’s money, “brothers in faith” take a back seat...

[atookz]

As to whether Iran desires that the Iranian oil in the Strait of Hormuz be traded through the yuan, it is a fact that Iran has constantly advocated that the non-dollar currencies should be used especially as a result of the sanctions that have been imposed by the United States. They are also getting close economically linked with China and therefore it will be rational to transact business using the yuan in bilateral transactions. However, that is unlike making all the oil that goes through the Strait of Hormuz to be sold in yuan. That is much more complicated and is not such a definite world policy.

It is not the beginning of the dedollarization process and is just another step in the process. The dollar will not fall down in the near future, however, the dominance of the dollar may be eroded over time as substitutes such as the yuan can be found. I know the United States will put efforts to keep this off because they stand to gain in preserving the dominance of the dollar.

[Oluwa-btc]

Iran want payments, they want in yuan, they are basically making the rules at this point. I mean USA started this war saying they will bring a regime change and bring democracy (like they said in Iraq war) and they thought they were the big bad boys being able to just missile and kill anyone they want, and in a few weeks they became a nation who begs Iran to let the strait go and got their feelings hurt and calling unfair during a war, lol.

It is so funny to see USA in this situation, they know when it comes to military they are strong, if you go 1v1 battle against them then you are going to be beaten, but when it comes to geopolitical and beurocratic battle, USA is just a bunch of tools who have no idea what to do lol.

Making the rules now is such a huge win for them. They're honestly the bad guys and terrorists. They intentionally bomb an elementary school in Iran but their allies could not call that a war crime and crime against humanity because that is just exactly what they do themselves.

They have a stupid president who has stupid people around him, so they cannot win against  Iranian Mathematicians calling the shots on behalf of their own people. Sending a ground invasion will bring back more coffins home, the American Congress better put Trump in his place.

[Swordsoffreedom]

We're seeing that he's so vocal about the situation and it's really possible that he's taking advantage of it. It's not only in the war in the Strait but also in the markets where they should be able to capitalize the situation and not let it pass that they're going to make some money out of it. We see it from time to time that if there are some new announcements that seems to be significant, the market moves a lot. If there are positive progress, the markets are also showing positive progress just as how it was announced by him.

Actually here I will say that the trump really know that he will never going to win against the Iran on this war although by this conflict he is worsening the world economy and here the Israel also have the another goal and that is why even the trump saying about the ceasefire the Israel breaking that again and again.

And I am saying that trump know that there is no winning chance for him and in the meantime his position is now weak on his own country and that is why I think he is trying to feel his pocket by the power of his position. Already we are seeing that after 48 hour ultimatum he increases this to 10 days if I am not wrong. Such talks and actions by the US mean that they are in a weak position and want to stop the war. However, I saw in the news today that Iran has completely rejected 15 of the US points, while Iran has raised five more points that directly conflict with US interests.

How can we be sure that Trump is not secretly ordering Israel to continue the attacks while he is negotiating with Iran? Do not be too quick to believe everything they say, politic and tactics in war are far more complex than they want us to see and know. Just like last month, the US unexpectedly launched an attack on Iran despite claiming that negotiation were ongoing

As for Trump, he underestimated Iran's strength and now he is losing ground. He is trying to find a solution that would allow the US to withdraw from the war without losing face internationally. But he failed because the whole world witnessed his disastrous defeat in this war

[coupable]

Why not their own currency? I understand they are not stranger to China, they are friends and allies, which never made sense to be considering they are a Muslim country and China is killing their own Muslims, so no idea how that ally system works.

It is an economic ally, nothing about ethnicity. Iran doesn't have a big benefit from selling its oil in exchange of Iranian rial because it won't be able to use it later in global trade market. And at the same time, it doesn't support the USA system by supporting the use of the American dollar. So as an act of defense against USA influence, Iran pretending to opress the global regime by orienting towards another approach like accepting Chineese Yuan or the Russian Ruble. Thins won't hppen and the USA won't let this happen.

[Oluwa-btc]

We're seeing that he's so vocal about the situation and it's really possible that he's taking advantage of it. It's not only in the war in the Strait but also in the markets where they should be able to capitalize the situation and not let it pass that they're going to make some money out of it. We see it from time to time that if there are some new announcements that seems to be significant, the market moves a lot. If there are positive progress, the markets are also showing positive progress just as how it was announced by him.

Actually here I will say that the trump really know that he will never going to win against the Iran on this war although by this conflict he is worsening the world economy and here the Israel also have the another goal and that is why even the trump saying about the ceasefire the Israel breaking that again and again.

And I am saying that trump know that there is no winning chance for him and in the meantime his position is now weak on his own country and that is why I think he is trying to feel his pocket by the power of his position. Already we are seeing that after 48 hour ultimatum he increases this to 10 days if I am not wrong. Such talks and actions by the US mean that they are in a weak position and want to stop the war. However, I saw in the news today that Iran has completely rejected 15 of the US points, while Iran has raised five more points that directly conflict with US interests.

How can we be sure that Trump is not secretly ordering Israel to continue the attacks while he is negotiating with Iran? Do not be too quick to believe everything they say, politic and tactics in war are far more complex than they want us to see and know. Just like last month, the US unexpectedly launched an attack on Iran despite claiming that negotiation were ongoing

As for Trump, he underestimated Iran's strength and now he is losing ground. He is trying to find a solution that would allow the US to withdraw from the war without losing face internationally. But he failed because the whole world witnessed his disastrous defeat in this war

Everybody understands what Hitler was trying to do now, these Jews are heartless with no atom of human sympathy for humanity. And yes, you're spot on, in the last 9 months, the Iranians have been deceived twice while trying to negotiate at the same killing their Iranian negotiators. Gladdens me to see someone bullying the bully who thinks he can just have everything his way. Being underestimated is exactly how underdogs move and these moves from Iranian government has affected not just the US, their petrodollar but also the world.

[YOSHIE]

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

Currently, countries that depend on oil through the Strait of Hormuz are starting to be shaken, the economic impact is already being felt in various parts of the world and if Iran treats and opens up space for petroyuan, This will create a storm for petrodollars, this will add pressure and increase the conflict between Iran and the United States.

We know that so far the world economy and oil trade has strengthened the dollar, almost 99% of it is done with dollars, for that we know that oil is currently needed and important in everything such as industry, factory operations, transportation, and so on, of course they will use the yuan for transactions, if that happens I think it will create destruction for the dollar and will open up opportunities to create a third world war, this situation cannot be taken lightly.

[LOVER BOY 422]

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 actually know what China need nothing but the world power which is not going to be possible, if not it will bring a heavy war between China ,Iran and Israel and the war might even affect us here in Nigeria, I wish they should dialogue and make peace, if the oil is now sold in yaun this means they have the world power indirectly, and with time they will want to take over the world and Chinese is never a good country but I pray for peace to come in-between these countries.

[Nanga Parbat]

I think controlling the Strait of Hormuz is one of the strategic reason on why this war escalate. Also what we commonly see discussed by US and Israel is about Nuclear weapons created or owned by Iran.

But resources is one of great factor on why US is eager to attack Iran, but unfortunately they made lots of miscalculation and shit happens not only with them but also including with other countries since economy in the worlds fuck up due to that war started by US.

There is a funny reasoning shared by some random people online and they say Trump did this just to cover up his relation on Epstein controversy, which for now this is pure rumors.

It was the strategy that no one was expecting. No doubt Iran is defending itself by using strong tactics and the strategy of control  over the Strait of Hurmoz and decided to impose taxes on oil shipment passing. This decision really shaken the economy of almost more than half of the world. It's this one decision create big disturbance in economy globally. on one side yes we can say that he is taking the revenge of attack, but at the same time he is handling or strengthening its economy by this technique. Receiving taxes boost its economy even in the war simultaneously disturbed the others economy. Shift in currencies of yaun is another threat. It's not a small matter , yaun is going to be strong day by day as compared to the dollar that's a very serious threat for the US.

[DrBeer]

Control over the Strait of Hormuz resulted from Iran’s actions to block all oil tankers. This has created problems around the world.
A way out of this situation? There aren’t many options:
- Ultimately, the replacement of the Ayatollah regime and Iran’s return to the global economy and normal relations with the rest of the world.
- Developing land-based oil supply routes.

We’ll see which of these is easier, faster, and less costly to implement.

The Strait of Hormuz had never experienced any problem or disruption until the US and Israel launched a preemptive strike against Iran, even while negotiations were still ongoing. That is the root cause of all the problems. Therefore, the only and best solution is for the US to end its blatant acts of aggression and bullying against Iran. And compensate them for the damage they have caused to Iran, that's all.

1. The U.S. is not at war with Iran, but with the Iranian regime.
2. “And compensate them for the damage they have caused to Iran, that's all” – Tell me, should these rules apply to all similar situations and all countries, with regard to all past and present events?
 

[beerlover]

Iran Rial is sanctioned, Russian Ruble is sanctioned, Chinese Yuan is not. So it makes sense that they would prefer this, because the entire globe can use it and won't have any issues. Also the reality is that Iran wants money for every passing ship, and if you have a tanker with carrying lets say 1 million barrels worth of oil, then we are talking about 90 million dollars worth of product there.

I am sorry but if you are not going to profit even 1-2 million from that enough to pay for Iran, then you are doing something wrong. Imagine the profit margins are so razor thin that even 1-2 million dollars makes you lose money, that's not okay at all. If Iran does this, the world has to just follow the rules of conflict, if they didn't want to, then they should have not missiled them.

[CageMabok]

...

I actually know what China need nothing but the world power which is not going to be possible, if not it will bring a heavy war between China ,Iran and Israel and the war might even affect us here in Nigeria, I wish they should dialogue and make peace, if the oil is now sold in yaun this means they have the world power indirectly, and with time they will want to take over the world and Chinese is never a good country but I pray for peace to come in-between these countries.

Why do you think China is not a good country?
I don't see China as a bad country, and in fact, it is far better compared to the United States and Isr43l, which generally like to wage war and attack countries with oil, such as Iran. So, I don't know from what perspective you consider China a bad country. If we look at the desire for world domination, America has already done this through petrodollars, so every country buying oil in the Middle East must have dollars to pay for it in that currency.

And now that Iran has been attacked first by America, which resulted in retaliatory attacks on all American bases in the Middle East, some people are starting to not realize that the root of all this is the attack on Iran because if Iran had not been attacked first, perhaps the Strait of Hormuz would still be open because Iran would not have become angry. But for now, Iran has become very upset by the actions of the two countries that I mentioned because the attack they carried out also killed one of Iran's highest leaders and also children in a school.