The Iran conflict is not just reshaping geopolitics, it’s also stirring a fresh debate in global finance.
As Tehran begins accepting payments in China’s yuan for oil, talk of a “Petroyuan” is back on the table.
But can the Chinese currency really challenge the dominance of the U.S. dollar, or is this momentum just temporary?
Take a look at this next report for more.

Iran War: Can Yuan Replace the Dollar in Global Oil Trade?

A silent shift is underway in global oil trade, and it’s not about supply, but currency. Recent transactions show that some buyers are no longer paying for Iranian crude in U.S. dollars. Instead, deals are being settled in Chinese yuan, marking a departure from the decades-old petrodollar system. The trigger behind this shift is geopolitical pressure.

Oil Trade Shifts Away From US Dollar

Ever wondered how Iran continues to sell oil, especially to China? A new report by The Wall Street Journal claims that China has developed a discreet financial and commercial network to continue buying oil from Iran despite international sanctions.


How China is Powering Iran's Oil Trade

The United States’ military campaign against Iran, launched on February 28 in concert with Israel, is not merely a conflict over nuclear proliferation or regional dominance. It is, at its core, a war with deep economic underpinnings—rooted in Washington’s determination to protect the petrodollar system that has sustained American financial supremacy for half a century.


Hormuz Flashpoint Could Accelerate Global De-Dollarisation

Days of dependency on Strait of Hormuz for global oil trade will be over, even if it takes several years, as the Iran war has proven how Tehran can put a chokehold on the chokepoint. Gulf states are accelerating pipeline and transport plans to bypass the strait. But will they succeed?

Strait of Hormuz crisis: Gulf states rush with alternative pipelines, infra to bypass chokepoint amid Iran war. What can they do, what are problems?

Iran has reassured India on safe passage of its vessels via Strait of Hormuz. Reports meanwhile claim that the IRGC is charging $1 per barrel toll in yuan and cryptocurrency like stablecoins. But the situation is far from normal

‘Indian friends are safe’, says Iran on Strait of Hormuz transit as IRGC reportedly charges $1 per oil barrel in yuan and stablecoins

The Islamic Revolutionary Guard Corps says countries will get safe passage through the Strait of Hormuz on one condition: they expel US and Israeli ambassadors.

With oil prices surging, what could this mean for global trade? Scroll down to read more.

'Expel US & Israeli ambassadors': IRGC offers 'full freedom' in Strait of Hormuz to Arab, European nations on one condition

Moscow’s crude oil shipments dropped sharply in November as U.S. sanctions on Russian energy giants Rosneft and Lukoil took effect. According to data from Kpler, the restrictions have significantly disrupted Russia’s global export flows. This video explains how the sanctions work, the impact on global markets, and what to expect next.

U.S. Sanctions Choke Russian Global Oil Supply 

To further isolate the Russian military and economic infrastructure in the weeks leading up to Donald Trump's inauguration, the Biden administration is considering additional, more severe penalties on Russia's profitable oil trade.

US weighing new, harsher sanctions on Russia's lucrative oil trade

To further isolate the Russian military and economic infrastructure in the weeks leading up to Donald Trump's inauguration, The Biden administration is considering additional, more severe penalties on Russia's profitable oil trade.

US Weighing new sanctions on Russia's lucrative oil trade

India has put $ 37 billion into Moscow's coffers with unprecedented purchase of Russian oil at a time it is locked in a war with Ukraine. Watch in for more details!

Russia's shifting oil export trends

India paid an average of $85.42 per barrel for Russian oil in November. It is the highest since the G7 economies imposed a price cap of $60 per barrel to cut Moscow's revenue. India paid 1.4% more for Russian oil in November compared to $84.20 per barrel in October, as per reports. Watch this video to find out why.

Why did Russian oil price in November for India hit a 12-month high?

Russia has surpassed Saudi Arabia to become China's top crude oil supplier in 2023. The world's biggest crude importer has defied western sanctions to purchase discounted oil for its processing plants.

Russia pips Saudi Arabia to become China's top crude supplier in 2023

Russia pips Saudi Arabia to become China's top oil supplier

The Red Sea has been the centre of military escalation in the last few weeks with fears of the Israel-Hamas war spreading to neighbouring nations. Yemen's Iran-backed Houthi rebels have targetted commercial vessels in the Red Sea using missiles, drones and helicopters.

Rising Red Sea tensions and its potential impact on India's export and oil trade

We delve into the high-stakes world of global oil trade, where Russia faces a formidable challenge in one of its most lucrative routes. The decades-long dominance of the U.S. Dollar in international oil transactions is now under scrutiny due to political hurdles and the complexities of currency conversion. India, asserting its position as a major buyer, insisted on paying for oil in rupees. This demand collided with informal guidance from the russian central bank, signalling non-acceptance of the currency. The consequence? Nearly derailing trading activities.

India's currency clash threatens major Russian oil routes

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