04/04/2026
IRAN war ๐ฎ๐ท with US ๐บ๐ธ~
CHINESE YUAN has overtaken dollar use at the 'Hormuz strait'
As of April 2026, Iran is reportedly requiring ships and oil tankers passing through the Strait of Hormuz to pay transit fees in Chinese yuan (CNY), cryptocurrency (specifically stablecoins), or Iranian rials. The US dollar is explicitly not accepted due to sanctions, with fees starting at roughly $1 per barrel.
Key Details on Iran's Hormuz Transit Tolls:
Accepted Currencies: Chinese Yuan (CNY), Stablecoins (crypto pegged to fiat), and Iranian Rials.
Targeted Payment: The system is designed to bypass the U.S. dollar-based SWIFT banking system.
Payment Process: Payments are coordinated through intermediaries linked to the Islamic Revolutionary Guard Corps (IRGC).
Toll Structure: Reports indicate a fee of approximately $1 per barrel for oil tankers, which can result in roughly $2 million per vessel.
Geopolitical Screening: Vessels are subjected to a "friendliness" ranking system, impacting their ability to pass.
This move is a strategic initiative to bypass Western financial sanctions and assert control over the vital oil shipping lane.
Follow;
The Gaza
The Universe