Wonder how many countries will comply with this? If several get on board this could get interesting
GoneSilent on
How would that work? Show your receipt?
Saberinbed on
US economy on the bring of collapse
Nearby-Lab0 on
Petrodollar 1971 – 2026
Typingdude3 on
1 Yuan = .14 of a dollar. If it goes much higher than that the Chinese export market will collapse. Yuan is a worthless currency on purpose, can’t see China wanting to change that.
Savoir_faire81 on
Expected.
The Iranians have figured out that regardless of whatever is bombed they have a stranglehold on the strait. The US cant stop them without boots on the ground. So unless that happens the strait just became part of Irans territorial waters.
If Trump chickens out or doesn’t completely end the regime this will be the new norm and Iran will have huge leverage on the global economy. If Trump sends troops in it will be another decades long bloodbath. There isn’t a win scenario here for the US.
rizorith on
The destruction of the US dollar will be the biggest legacy of Trump, assuming it’s not the destruction of democracy.
cheetuzz on
can someone ELI5 what this means?
DonALT_Trumb on
What we probably need here is another „Peace Board“
Donnie… do your corruption thing…
Gomnanas on
Uh…Wouldn’t this be GOOD for countries like South Korea? The won to dollar exchange rate is awful. It’s probably cheaper to trade in yuan lol
locnloaded9mm on
By the way price of the brick going up.
kvas_taras on
Putin will instruct minion Trump to pay
WasThatInappropriate on
Loss of reserve currency status is what, like stage 5 of 7 in the empire collapse model right?
Shamino79 on
The actual cargo from all ports must be traded in yuan? Or they are charging a passage fee in yuan?
Student-type on
So they can buy more radars and mines
Dependent-Bluejay289 on
Why not in rial? Lmfao I don’t get it.
Polardragon44 on
None of y’all seemed to have read it.
„Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that their cargo is priced in Chinese yuan, a senior US official told CNN.“
Iran hasn’t even said anything officially. It’s a US official who mentioned it.
Edit: Seeing that it came from the Daily News Egypt I wouldn’t be surprised if it was…. editorialized or even just made up as part of a larger psyop.
blufin on
The de-dollarisation of the oil trade would be a nail a significant factor in the downfall of the dollar as the primary global reserve currency. But I still would put trust Yuan as a replacement.
TechNoirLabs on
Time to start learning mandarin
jrock2403 on
I can see the US trying to pay by sending some mexican Juans…
jojoblogs on
Does China really want their currency to get more valuable? That would seriously hurt their export economy, no?
flavorfox on
How do they know what a given ship is trading its oil in?
on_fire_kiwi on
Well played China, well played
Specific_Success214 on
Iran with the few cards they have to play have been smart.
HcVitals on
Irans playing the smart game. Starving out American resolve. The whole world is getting angry about oil prices. Forcing America to rethink the timeline or make a solution.
1. They asked seven nations to help police the straight, all have rejected (eg. UK, France, China, South Korea & Japan – the remaining 2 are unclear, he said he asked 7)
2. China is in a great position. They’ve been doing their own thing and now this global whisper of using the Chinese yuan for Iranian oil, even rumours will shift global markets. People will preemptively move to Yuan
3. This is an expensive war for America, funding their own & Israel’s military capabilities to fight a war at Israel’s behest.
4. Trump literally said ““Maybe we shouldn’t even be there at all.” When asking other countries to police the straight.
This war is a shambles, and a power play on another global oil reserve checking chinas access to oil. The self investment is expected of anyone but America shroud it in nobility and religion when we know America wants oil and Israel wants the holy land.
ClubSoda on
Gold $100,000 US per ounce by Christmas.
whisperwalk on
Transshipment. Those who dont comply might sell to those who do.
kpingvin on
Petroyuans
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28 Kommentare
Wonder how many countries will comply with this? If several get on board this could get interesting
How would that work? Show your receipt?
US economy on the bring of collapse
Petrodollar 1971 – 2026
1 Yuan = .14 of a dollar. If it goes much higher than that the Chinese export market will collapse. Yuan is a worthless currency on purpose, can’t see China wanting to change that.
Expected.
The Iranians have figured out that regardless of whatever is bombed they have a stranglehold on the strait. The US cant stop them without boots on the ground. So unless that happens the strait just became part of Irans territorial waters.
If Trump chickens out or doesn’t completely end the regime this will be the new norm and Iran will have huge leverage on the global economy. If Trump sends troops in it will be another decades long bloodbath. There isn’t a win scenario here for the US.
The destruction of the US dollar will be the biggest legacy of Trump, assuming it’s not the destruction of democracy.
can someone ELI5 what this means?
What we probably need here is another „Peace Board“
Donnie… do your corruption thing…
Uh…Wouldn’t this be GOOD for countries like South Korea? The won to dollar exchange rate is awful. It’s probably cheaper to trade in yuan lol
By the way price of the brick going up.
Putin will instruct minion Trump to pay
Loss of reserve currency status is what, like stage 5 of 7 in the empire collapse model right?
The actual cargo from all ports must be traded in yuan? Or they are charging a passage fee in yuan?
So they can buy more radars and mines
Why not in rial? Lmfao I don’t get it.
None of y’all seemed to have read it.
„Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that their cargo is priced in Chinese yuan, a senior US official told CNN.“
Iran hasn’t even said anything officially. It’s a US official who mentioned it.
Edit: Seeing that it came from the Daily News Egypt I wouldn’t be surprised if it was…. editorialized or even just made up as part of a larger psyop.
The de-dollarisation of the oil trade would be a nail a significant factor in the downfall of the dollar as the primary global reserve currency. But I still would put trust Yuan as a replacement.
Time to start learning mandarin
I can see the US trying to pay by sending some mexican Juans…
Does China really want their currency to get more valuable? That would seriously hurt their export economy, no?
How do they know what a given ship is trading its oil in?
Well played China, well played
Iran with the few cards they have to play have been smart.
Irans playing the smart game. Starving out American resolve. The whole world is getting angry about oil prices. Forcing America to rethink the timeline or make a solution.
1. They asked seven nations to help police the straight, all have rejected (eg. UK, France, China, South Korea & Japan – the remaining 2 are unclear, he said he asked 7)
2. China is in a great position. They’ve been doing their own thing and now this global whisper of using the Chinese yuan for Iranian oil, even rumours will shift global markets. People will preemptively move to Yuan
3. This is an expensive war for America, funding their own & Israel’s military capabilities to fight a war at Israel’s behest.
4. Trump literally said ““Maybe we shouldn’t even be there at all.” When asking other countries to police the straight.
This war is a shambles, and a power play on another global oil reserve checking chinas access to oil. The self investment is expected of anyone but America shroud it in nobility and religion when we know America wants oil and Israel wants the holy land.
Gold $100,000 US per ounce by Christmas.
Transshipment. Those who dont comply might sell to those who do.
Petroyuans