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.

[passwordnow]

What's next? an ally of Iran, the Houthi's[1] are also joining the game. Yemen has also that passage in their area that they can take over and have a control. And as Iran asks for chinese yuan, maybe they'll also demand for that if they would also do the same thing as what their ally did. That's the Strait of Bab al-Mandab.

[1] As war on Iran enters second month, Yemen’s Houthis open new front

[Oluwa-btc]

What's next? an ally of Iran, the Houthi's[1] are also joining the game. Yemen has also that passage in their area that they can take over and have a control. And as Iran asks for chinese yuan, maybe they'll also demand for that if they would also do the same thing as what their ally did. That's the Strait of Bab al-Mandab.

[1] As war on Iran enters second month, Yemen’s Houthis open new front

You all keep updating what these nations do for self defence, to fight to keep their sovereignty. But nothing when Israeli soldiers kill reporters covering the war, when they are expanding into Lebanon killing thousands of Lebanese in the process  and committing ethnic cleansing. This is a war crime still and they can just get away with stuffs like this why?! It bothers me. Removing anything that has to do with the petrodollar in the middle east will be a good lesson taught. People should go to the market and trade with whatever customer and trade currency they want.

[AmaGold70]

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 think Iran agitation to buy petroleum products in Chinese yuan is nothing but to reduce the value of dollar, and I equally believe, China is only using Iran trying to achieve their aim. China is strongly behind Iran to sell oil in yuan and some other Arabic nations. But I don't really think this Iran agitation and protest is going to work just the way they think, because United States is a strong nation and among the world power. I equally know that US also have their allies who are solidly behind them and therefore will not allow such thing to happen. The oil that is bought in dollar is one thing that is giving strength and value to US dollar and once they allow this to happen, Chinese yuan will likely gain more value over the US dollar and is another way of shifting the position of United States to china.

[DrBeer]

What's next? an ally of Iran, the Houthi's[1] are also joining the game. Yemen has also that passage in their area that they can take over and have a control. And as Iran asks for chinese yuan, maybe they'll also demand for that if they would also do the same thing as what their ally did. That's the Strait of Bab al-Mandab.

[1] As war on Iran enters second month, Yemen’s Houthis open new front

You all keep updating what these nations do for self defence, to fight to keep their sovereignty. But nothing when Israeli soldiers kill reporters covering the war, when they are expanding into Lebanon killing thousands of Lebanese in the process  and committing ethnic cleansing. This is a war crime still and they can just get away with stuffs like this why?! It bothers me. Removing anything that has to do with the petrodollar in the middle east will be a good lesson taught. People should go to the market and trade with whatever customer and trade currency they want.

"People should go to the market and trade with whatever customer and trade currency they want. "- The idea certainly sounds good, but...
Tell me—would you be willing to buy the following in a store:
- vegetables, for example, for Thai baht
- rice for Indian rupees
- cars for euros or yuan
- gasoline for Iranian rials
and so on?
And here’s the question: why does the global economy prefer stable and secure currencies over all the world’s currencies?
Let me help with the answer: because with, say, dollars, euros, and similar currencies, you can buy virtually any goods on the market, whereas with the Iranian rial-virtually nothing...
Perhaps you have different information or an opinion; I’d be happy to hear from you!

[passwordnow]

What's next? an ally of Iran, the Houthi's[1] are also joining the game. Yemen has also that passage in their area that they can take over and have a control. And as Iran asks for chinese yuan, maybe they'll also demand for that if they would also do the same thing as what their ally did. That's the Strait of Bab al-Mandab.

[1] As war on Iran enters second month, Yemen’s Houthis open new front

You all keep updating what these nations do for self defence, to fight to keep their sovereignty. But nothing when Israeli soldiers kill reporters covering the war, when they are expanding into Lebanon killing thousands of Lebanese in the process  and committing ethnic cleansing. This is a war crime still and they can just get away with stuffs like this why?! It bothers me. Removing anything that has to do with the petrodollar in the middle east will be a good lesson taught.

All of them are in fault, we like to see all of these involve from wars and killings to end up in peace. But in their situation, it's unlikely to see them unite once again. There won't be stop into these arguments because one and the other have their own faults and crime against humanity.

People should go to the market and trade with whatever customer and trade currency they want.

Not easy on their end when they're all affected and they have agreements for their alliance. But whoever steps in and be brave who are really concerned with their people have to say what they want to say.

[stompix]

I remember 2022, Russia demanding payment for gas in roubles
Everyone on the forum: The dollar is dead!
Nobody actually paid in rubles!
2026: Iran demands payment in yuan!
Everyone on the forum: The dollar is dead!
Nobody in the real world actually pays in yuan other than China!

I mean, seriously, how gullible are you people for falling for this trick over and over again?

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

My god, are you for real?
Those are reserves in the ground, those mean nothing short-term and by short term I mean years!.

Oil Production   5,334,336   #5 in the world
Oil Consumption   16,370,536   #2 in the world
Daily Deficit   -11,036,200

No country in the world can bring 10 million barrels of oil production online, there won't be a building left standing in Iran before China even manages to drill those wells.

[buwaytress]

^ Ah yes, digital roubles and digital yuan, I do recall such things. With the axis using everything but the dollar, and the death of the greenback. Nice idea to toy with, but none of us will be alive were that to even begin taking shape.

And haha, yeah, I had to smile when I read you thought China had 5 years reserve and that meant barrels in the kitchen, STT, sorry =) I'm not exactly wiser, these things are a bit more normal when you come from an oil-producing region.

[Hanadawa]

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.

In geopolitics, no country in the world is truly good at helping another country without gaining any benefits. Many people still think that the United States, Israel, and NATO are one group, while Russia, North Korea, China, and Iran are another group. In fact, every powerful country in the world also has its own interests, and this is not like a friendly relationship where allied countries help each other. China has a less than good relationship with the United States, but that doesn't mean China will help Iran fight the US and Israel directly, because that would be very detrimental to China. But on the other hand, there is a theory that says China and Russia secretly help Iran by helping Iranian drones and missiles obtain high-precision intelligence from both countries. Even if that were true, I'm sure China and Russia would still deny it in front of the media.

[Crypto Library]

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.

If we look at the economic recessions in the world due to these unwanted wars, then the effects of the First World War from 1929 to 1930 were felt.
And if we talk about recent times, then the global financial crisis was seen from 2007 to 2009, and in 2020, we saw a financial crisis due to the Corona pandemic. Moreover, we also saw a financial crisis due to the war in Ukraine and Russia.
And if we talk about the current war, then this war is becoming a huge obstacle to the current huge technology and factories in the world that produce technology because due to the current war, we can see obstacles in the Middle East, which alone provides more fuel.
As a result, the issue that will happen is that many big factories will be closed due to this energy crisis, something like the Great Depression will happen again, and if the war escalates like this day by day, then this issue is very close to us.

[DrBeer]

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.

In geopolitics, no country in the world is truly good at helping another country without gaining any benefits. Many people still think that the United States, Israel, and NATO are one group, while Russia, North Korea, China, and Iran are another group. In fact, every powerful country in the world also has its own interests, and this is not like a friendly relationship where allied countries help each other. China has a less than good relationship with the United States, but that doesn't mean China will help Iran fight the US and Israel directly, because that would be very detrimental to China. But on the other hand, there is a theory that says China and Russia secretly help Iran by helping Iranian drones and missiles obtain high-precision intelligence from both countries. Even if that were true, I'm sure China and Russia would still deny it in front of the media.

I would rather talk about the interests of groups led by certain countries.
For example, the China-Iran-Russia-North Korea bloc. China takes the lead here, and it uses the other countries to advance its own geopolitical agenda. North Korea can be used to intimidate the entire region. Iran destabilizes the situation in the Middle East, where it’s possible to “hint” to the Gulf states: if you want peace, accept China’s rules of the game.
Russia is essentially a “guinea pig” for testing what would happen if China decides to annex Taiwan. Plus, it has become China’s raw materials slave. A sort of bonus that China naturally took advantage of. Iran, too, has become one of the forced oil suppliers, since there’s really nowhere else to sell it.
Russia, in this team of “Chinese puppets,” naturally hopes that a protracted military operation in Iran will allow them to profit from rising oil prices so they can continue their shameful terrorist war against Ukraine. However, Ukraine thwarted this opportunity by delivering devastating strikes against the terrorist state’s port infrastructure in Ust-Luga, and now Russia will not only fail to gain additional revenue but will also lose what it had.

In short, geopolitical games with varying degrees of success and differing objectives.

[dezoel]

I think Iran agitation to buy petroleum products in Chinese yuan is nothing but to reduce the value of dollar, and I equally believe, China is only using Iran trying to achieve their aim. China is strongly behind Iran to sell oil in yuan and some other Arabic nations. But I don't really think this Iran agitation and protest is going to work just the way they think, because United States is a strong nation and among the world power. I equally know that US also have their allies who are solidly behind them and therefore will not allow such thing to happen. The oil that is bought in dollar is one thing that is giving strength and value to US dollar and once they allow this to happen, Chinese yuan will likely gain more value over the US dollar and is another way of shifting the position of United States to china.

That is what they are going to do, attack USA with economical warfare because they know that they can. There is no need to just send missiles all around just to get whatever, it makes no sense and you would lose.

Iran is smart, and when you attack them, what was the expected result, them going out and saying "we are so sorry, it won't happen again" and stop? Of course not, they would fight back. But Iran also knows they can't fight purely in military front, so this whole Hormoz thing, yuan thing, everything they do, it's all about econoical warfare, and smart.

[Swordsoffreedom]

I think Iran agitation to buy petroleum products in Chinese yuan is nothing but to reduce the value of dollar, and I equally believe, China is only using Iran trying to achieve their aim. China is strongly behind Iran to sell oil in yuan and some other Arabic nations. But I don't really think this Iran agitation and protest is going to work just the way they think, because United States is a strong nation and among the world power. I equally know that US also have their allies who are solidly behind them and therefore will not allow such thing to happen. The oil that is bought in dollar is one thing that is giving strength and value to US dollar and once they allow this to happen, Chinese yuan will likely gain more value over the US dollar and is another way of shifting the position of United States to china.

No one is exploiting anyone, but rather, Iran and China share a common enemy and goal. That is to reduce dependence on the petrodollar system, which is the core strength of USD

Regarding the idea of ​​using petroyuan to replace petrodollar. The United States does not have the authority to decide whether or not to allow that to happen. The question is, what solution or tactics will they use to prevent that from happening?

They chose war as a solution, believing it could maintain Petrodollar position and prevent the formation of Petroyuan. But whether this is an effective solution remains to be seen

[SquallLeonhart]

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.

Wanting peace is not a bad thing, you should calm down. I do not know him, or whatever is going on in Africa, but I can tell you that we all over the world would want peace. And we all over the world know that Israel is the one that is responsible for it, but desiring peace is not a bad thing.

Wanting everyone to stop killing each other, go back to peace time, and just do our everyday normal tasks is our desire and hope, and that's not bad. He wants it in Africa, I want it outside of Africa where I am, we all want the same thing. I am sure you would want the same thing to ,desiring war is never good and should not be good. That is the old days, in modern days we should never want more wars, we should always hope for peace.

[bhadz]

Iran is smart, and when you attack them, what was the expected result, them going out and saying "we are so sorry, it won't happen again" and stop? Of course not, they would fight back. But Iran also knows they can't fight purely in military front, so this whole Hormoz thing, yuan thing, everything they do, it's all about econoical warfare, and smart.

They would definitely fight back, Trump and Hegseth are even trying to say something bad about their civilization that they'll send them back. What a kind of argument they're trying to deliver to this country that it's their fault for starting this war. Bombing bridges, schools and taking lives of innocent people. Historically, there's a lot of things that can be acknowledged with Iran. While I don't like them for closing the Strait of Hormuz as it is affecting our lives, they're just trying to defend what's been done to them but I wish to see that these countries agree and have stop already.