Iran is talking with 8 countries about allowing their ships safe passage through the Strait of Hormuz if those countries agree to buy Iranian oil in Chinese yuan instead of U.S. dollars.

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://www.msn.com/en-xl/money/general/iran-negotiates-hormuz-passage-for-yuan-traded-oil/ar-AA1YRXO5

https://caliber.az/en/post/iran-discusses-yuan-based-oil-shipping-deals-with-eight-countries