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.

  • tirateimas@lemmy.ptEnglish
    7·
    3 days ago

    True but these things usually obey the rule of: “first gradually, then suddenly”

    And I wouldn’t be surprised if many others are just waiting for the initial spark.