Iran to Allow Only Yuan-Trading Oil Tankers Through Strait of Hormuz, ‘De-Dollarization’ Seen as Key Objective

Kathmandu – Iran has announced a new policy that would allow only oil tankers trading in Chinese yuan to pass through the strategically important Strait of Hormuz, in what analysts see as a move aimed at reducing global dependence on the US dollar. The development comes amid rising tensions in West Asia following recent military…