World News@lemmy.worldEnglish · 2 days ago

Iran War Could Be Making of the Petroyuan, Deutsche Bank Says

www.bloomberg.com

Iran War Could Be Making of the Petroyuan, Deutsche Bank Says

www.bloomberg.com

schizoidman@lemmy.zip to

World News@lemmy.worldEnglish · 2 days ago

The war in Iran is testing the dollar’s role as the currency for global oil trade, with one long-term consequence being a potential shift to using more Chinese yuan, according to Deutsche Bank.

Iran is allowing the passage of ships through the Strait of Hormuz if oil payments are made in yuan, according to media reports.

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2 days ago
Your Armenian neighbor is named Petroyuan?
- AngryCommieKender@lemmy.world
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  Plot twist, the neighbor is Armenian, is named Pedroyuan and lives in Minnesota.

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