According to CNN‑sourced reporting (carried by MSN and Caliber.Az), Iran is:
- Negotiating with eight countries
- Offering safe maritime passage through the Strait of Hormuz
- On the condition that oil transactions with Iran are conducted in Chinese yuan, not U.S. dollars
- Targeting countries outside the Middle East
- Exploring a broader strategy to regulate traffic through the strait during the current conflict
This is a direct challenge to the petrodollar system, which has dominated global oil trade for decades.
https://caliber.az/en/post/iran-discusses-yuan-based-oil-shipping-deals-with-eight-countries