No US Dollar Trade? Iran Sets Condition to Open Hormuz

Iran may allow a limited number of oil tankers to pass through the Strait of Hormuz. However, the ships may need to trade in Chinese yuan instead of US dollars. This condition could mark a major shift in global oil trade.

The development was reported by CNN, which cited an unnamed Iranian official. Details about the policy remain unclear. It is not yet confirmed how or when such a system would be implemented.

The news comes after recent US and Israel strikes against Iran, which have raised tensions in the Middle East. The Strait of Hormuz carries a significant share of the world’s oil shipments.

If Iran shifts oil trade to the yuan instead of the US dollar, it could challenge the long standing petrodollar system. Analysts believe this move may support the growing trend of de dollarisation in global energy markets.

The development was also discussed by Al Jazeera on the platform X. Many users described the idea as a strategic economic response to pressure from the United States.

Supporters say such a policy could target US economic influence without directly harming civilians. Some observers believe it could weaken Washington’s grip on regional trade routes while sending a strong political signal.

Many online reactions say the move could be a response to more than five decades of sanctions imposed by the United States on Iran. At the same time, critics warn that the policy could widen tensions into other economic sectors worldwide.

Humanitarian concerns are also rising as reports of civilian deaths continue after the attacks on Iran. Several countries are already feeling economic pressure as global oil prices climb above 100 dollars per barrel.

Analysts warn that without diplomatic efforts the crisis may deepen further. Continued instability could affect global energy markets and pull more civilians into the consequences of the conflict.