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Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?

Iranian tariffs in the Strait of Hormuz may change how oil is traded and priced, with implications for currencies, alliances and global economic power.

First seen · 8:08 PM UTCMay 11, 2026

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Iran wants oil tariffs paid in Chinese yuan – is the power of the US petrodollar in decline?Iranian tariffs in the Strait of Hormuz may change how oil is traded and priced, with implications for currencies, alliances and global economic power.
8:08 PM UTC

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