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 …

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China is ditching the dollar fast: 30% of trade now in RMB, 50% of cross-border receipts settled in yuan. Shanghai Gold Exchange sees physical gold warrants near 40 metric tonnes

The faint reassurance that the dollar still dominates is fleeting because the trend is compounding. Every deal settled in yuan, every gold warrant moved into reserves, every transaction bypassing the dollar erodes the assumption of American financial supremacy, and no …

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China’s retail sales miss expectations. The yuan is fixed below 7.20, and 10-year yields drop to 1.75%, marking the steepest drop since September 2008.

Steepest drop since September 2008. pic.twitter.com/8lMdk43vdb — Financelot (@FinanceLancelot) December 16, 2024 China’s retail sales rose by 3% in November from a year ago, according to National Bureau of Statistics data released Monday, missing the forecast of 4.6% in a …

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