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Iran may let oil tankers trading in Chinese yuan cross Strait of Hormuz: Report
short by Medhaa Gupta / on Saturday, 14 March, 2026
Iran may allow a limited number of oil tankers to cross the Strait of Hormuz if their cargo is traded in Chinese yuan, CNN reported, citing a senior official. Most of the world's oil is traded in US dollars except for some sanctioned Russian oil, which trades in roubles/yuan. Recently, an Indian-bound LPG tanker was allowed to cross the strait.
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