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14.03.26 - 22:06
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Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan (ZeroHedge)
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Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan
Via The Cradle
Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported.
A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran's southern coast.
via Associated Press
Iran has effectively sealed off the strait, allowing only its own and Chinese ships to pass. Before the start of the US-Israeli war on Iran on February 28, at least 20 percent of the world's oil flowed through it.
Iran's Islamic Revolutionary Guard Corps (IRGC) says it will attack vessels linked to “aggressor nations,” such as the Gulf states that allow the US and Israel to use their territory for attacks on the Islamic Republic. The IRGC announced that the world should prepare for oil prices "reaching $200."...
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11.03.26 - 23:48
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Ron Paul Fears The Dollar Will Be A Casualty Of The Iran War? (ZeroHedge)
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Ron Paul Fears The Dollar Will Be A Casualty Of The Iran War?
Authored by Ron Paul,
President Trump's unconstitutional and unjust war against Iran is setting back his “affordability” agenda. The war has caused a big rise in gasoline prices. Among the related concerns is the hindering of the movement of oil through the Strait of Hormuz, the only available passage for ships to transport oil from the Persian Gulf.
The increased costs will do more than raise prices at the pump. An increase in gas prices brings increased transportation costs that will be passed along to consumers. Prices of a variety of goods, including food, will increase.
No wonder Energy Secretary Chris Wright, White House Chief of Staff Susan Wiles, and other Trump administration officials are frantically working to develop policies to lower gas prices. One possibility under consideration is deploying US troops to try to ensure ships can pass through the Strait of Hormuz. This could turn into a permanent deployment of US ...
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