$ 50 BN LOST?: Iran's Big Dollar Move To Hurt Trump? IRGC To Collect Hormuz Toll In Chinese Yuan
May 8, 2026
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3:46Now Playing$ 50 BN LOST?: Iran's Big Dollar Move To Hurt Trump? IRGC To Collect Hormuz Toll In Chinese Yuan
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as posted by the channelIran is reportedly planning a major economic counterstrike in the Strait of Hormuz by imposing new shipping tariffs and encouraging payments in Chinese yuan instead of US dollars. Tehran claims the move is aimed at securing “war reparations” and could generate up to $50 billion annually. Reports suggest some vessels heading to China, India and Japan may already be paying in yuan, accelerating fears of a shift from the petrodollar to a “petroyuan” system. As Gulf tensions rise and the UAE exits OPEC, analysts warn the move could weaken US financial dominance, strengthen China’s influence and reshape the global energy trade order.
#iran #usa #china #petroyuan #petrodollar #hormuz #straitofhormuz #opec #oiltrade #brics #geopolitics #middleeast #trump #yuan #dollar #mirrornow
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