Submission statement: first time seeing this. CNN said that the Iranians could allow limited number of tankers to pass through Hormuz, as long as they trade their cargo in yuan. People talk about the petrodollar being an important part of the global financial system since the 1970s. Do you think if Iran does that and actually makes the gulf oil and products be traded in yuan (20% of total oil traded in the world) this would have geopolitical repercussions? Do you think Donald Trump will allow that as a way to make gas prices lower? How does that affect the US?
Over-Willingness-933 on
I think the US should sink all Chinese ships, as it’s clear China is linked with Iran
homusfordays on
Genius
Dumbpf deserves this. He’ll go down as the worst president ever haha!
Sakurasou7 on
Doesn’t matter. Insurance won’t cover them. Chinese flagged vessels have been stuck since the beginning
holyrs90 on
The US is moving Trops there, pretty sure they are going there for this reason, to make sure ships pass the straight, most of those are special forces and since iranian fire their drones from the mountains , take care of them and secure the straight .
Herzyr on
Do they still have the means to board/verify the tankers? Seems like a risky gamble for whoever desperate enough to attempt it
zman_aligator on
The US will destroy all Iranian oil infrastructure before allowing that.
The_Demolition_Man on
Pretty sure China does not want the Yuan to increase in value due to impacts on exports. Wonder how they feel about that.
ref7187 on
It was being reported that Iran laid mines in the strait yesterday. I am confused–can you still pass shipping around mines?
blobofhope on
Ohhh that has got to sting!
Of course not a fan of them but… clever. All of a sudden a few things are shifting… it could be nothing but it feels strangely pivotal if it happens.
Magicalsandwichpress on
Thats diabolical trolling coming out of Iran, stoking US insecurity and dranging China into line of fire.Â
Iran already settle it’s oil trade with China in CNY, and these boats have no trouble clearing Hormuz. Dangling the carrot is going to trigger the Gulf states and US while ostensibly currying favour for China. Providing US a non starter solution to the strait crises is a poison chalice that require a strong response least it was made to look like the problem to allies and partners.Â
whats_a_quasar on
If they mine the strait, I don’t think Iran can guarantee safe passage to specific ships even if they want to
myphriendmike on
Is anyone in this thread proficient in currency and balance of payments? I’m not, but I know an export
-led country (China) cannot control their currency exchange through oil trade when they export the entire world’s widgets. The US has and can because it consumes so much. China can’t just step into that role because one weak country wants to trade in yuan.
BeatlesCoted_Azur on
Wow!
Iran also cleared two Indian-flagged ships carrying LPG to India through Hormuz 2 days ago “for its friend India”. Another ship carrying Saudi oil to India was also allowed through.
China and India flexing their geopolitical muscle in West Asia, while the US and West are quickly losing ground in the region. I wouldn’t be surprised if an OPEC-BRICS alliance is formed in the next year or so, to develop strategic oil and gas supply chains that could withstand wars and crisis situations in future.
14 Comments
Submission statement: first time seeing this. CNN said that the Iranians could allow limited number of tankers to pass through Hormuz, as long as they trade their cargo in yuan. People talk about the petrodollar being an important part of the global financial system since the 1970s. Do you think if Iran does that and actually makes the gulf oil and products be traded in yuan (20% of total oil traded in the world) this would have geopolitical repercussions? Do you think Donald Trump will allow that as a way to make gas prices lower? How does that affect the US?
I think the US should sink all Chinese ships, as it’s clear China is linked with Iran
Genius
Dumbpf deserves this. He’ll go down as the worst president ever haha!
Doesn’t matter. Insurance won’t cover them. Chinese flagged vessels have been stuck since the beginning
The US is moving Trops there, pretty sure they are going there for this reason, to make sure ships pass the straight, most of those are special forces and since iranian fire their drones from the mountains , take care of them and secure the straight .
Do they still have the means to board/verify the tankers? Seems like a risky gamble for whoever desperate enough to attempt it
The US will destroy all Iranian oil infrastructure before allowing that.
Pretty sure China does not want the Yuan to increase in value due to impacts on exports. Wonder how they feel about that.
It was being reported that Iran laid mines in the strait yesterday. I am confused–can you still pass shipping around mines?
Ohhh that has got to sting!
Of course not a fan of them but… clever. All of a sudden a few things are shifting… it could be nothing but it feels strangely pivotal if it happens.
Thats diabolical trolling coming out of Iran, stoking US insecurity and dranging China into line of fire.Â
Iran already settle it’s oil trade with China in CNY, and these boats have no trouble clearing Hormuz. Dangling the carrot is going to trigger the Gulf states and US while ostensibly currying favour for China. Providing US a non starter solution to the strait crises is a poison chalice that require a strong response least it was made to look like the problem to allies and partners.Â
If they mine the strait, I don’t think Iran can guarantee safe passage to specific ships even if they want to
Is anyone in this thread proficient in currency and balance of payments? I’m not, but I know an export
-led country (China) cannot control their currency exchange through oil trade when they export the entire world’s widgets. The US has and can because it consumes so much. China can’t just step into that role because one weak country wants to trade in yuan.
Wow!
Iran also cleared two Indian-flagged ships carrying LPG to India through Hormuz 2 days ago “for its friend India”. Another ship carrying Saudi oil to India was also allowed through.
China and India flexing their geopolitical muscle in West Asia, while the US and West are quickly losing ground in the region. I wouldn’t be surprised if an OPEC-BRICS alliance is formed in the next year or so, to develop strategic oil and gas supply chains that could withstand wars and crisis situations in future.