Iran Wants to Pay Oil Tariffs in Yuan—Is the Power of the U.S. Petrodollar Declining?
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May 8, 2026
Auckland, Iran and the United States have blocked the Strait of Hormuz for weeks, making it clear that the narrow waterway is now critical to the outcome of the conflict. Iran Wants to Pay Oil Tariffs in Yuan—Is the Power of the U.S. Petrodollar…