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

[tabas]

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.

While worsening the global economy, there are a few close to him that's making so much money. They know what will happen next and what he will say because of how they are close to him. And that's why if there are a few that's taking advantage of the situation, he knows those people. And as they benefit from the situation, this is the expense that everyone is paying who's having a hard time now with this conflict.

[Swordsoffreedom]

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.

Yes, China has never been a good country, and they have their own ambition. However, compared to the United States, they are still far less cruel and despicable. At least they did not use nuclear bombs or herbicide orange to commit genocide like the United States did. They also did not attack any country or plunder its mineral resource

All great power are inherently evil and prioritize their own national interests over global interest. That is why a multipolar world would be far better than a unipolar world. Therefore, instead of supporting the hegemony of any one nation, let's support a multipolar world where power is shared equally.

[DrBeer]

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.

Okay, Iran wants to charge a fee for every tanker passing through the Strait of Hormuz. The question is: could Portugal, for example, also demand a fee for every tanker passing through the Strait of Hormuz? I want to understand who has the right to collect money. For example, could I also demand $1,000 from every tanker-in cryptocurrency, no less!
Or, for example, could the UK demand payment from Iran for every electron passing through the electrical circuit in Iran’s power grid?
No? Why not?
What are the criteria for who can demand payment and who cannot?
 

[Oluwa-btc]

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.

What is wrong with desiring that?! That is your perspective honestly, you do not derm it possible doesn't mean it will not happen. What are you even writing China, Iran and Israel?! Chins buys oil directly from Iran, you can see they consider them partners to an extent. You as Nigerian and African ignorant asf, because if you're not, you'll know who funded an apartheid killing your African brothers and sisters in South Afrca. There'll be peace when Israel stops bombing their neighbours and quits killing children. Paying in petroyuan doesn't make them world power, just an effective way to displace the use of the dollar on petrol purchase through the Strait of Hormuz.

[STT]

I was looking into this and surprised to find China already has 5 years worth of reserves, ie. they dont need Iran quite as much as people presume.
  They could stop all oil or gas imports from anywhere but continue their economy internally for a further five years; I did presume they were far worse off then that.

I know China has gold reserves and produces alot but the oil they accumulated is 7x greater in size and I presume some of this is oil production and oil fields across Asia they own as a nation.
  So no doubt Iran is important but they could just allow this situation to continue for years.   Its actually the rest of the world which is less prepared then China, also consider Russia is continually failing and was in prior decades one of the largest exporters.

  I think as a trend oil production must rise everywhere else outside of conflict areas and that stands true regardless of near term actions in this war, the liability of the strait of Hormuz will never go away.
    Even if war ends tomorrow and perfect peace begins, unlikely but in any case the insurance cost of those boats to take a chance is going to increase massively.  Shipping and insurance is a cost of production, now its higher now the oil barrels cost more for years to come the whole world will see energy inflation; likely also an ongoing years long deficit with China foreseeing that apparently.

https://www.worldometers.info/oil/china-oil/#oil-reserves


War is not ending, the area of Yemen is now actively starting further attacks supported by Iran to threaten the Red Sea and oil shipping in the Suez Canal.   If true and expanding as a problem it would force global shipping to navigate the rough seas around south africa instead, again massively more expensive and favoring more local energy production.

https://www.economist.com/middle-east-and-africa/2026/03/28/the-houthis-attack-on-israel-heralds-escalation-of-the-iran-war

[Cheema02]

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.

Strait of Hormuz is very important global route for trade and especially for oil supply and if its affects even temporarily then its have a huge impact on global oil market and also on global economy. So if due to conflict Iran changes the trade pattern and start trading in Yuan then its completely destroy the petrodollar system which directly encourage the US dollar. And for daily process energy is complimentary for transport, manufacturing and almost in every field of life and if the payment methods is converted to Yuan then its gives strength to new currency. But Dollar is very stable due to huge global reserve and its not collapse suddenly but this type of strategies may increased conflicts between the super powers. But currently the situation is very sensitive and global economy faces the Cruces and trying to but the contries in war indirectly.