Oil Trade Shifts Away From US Dollar
Edited By WION Video Desk
Published: Apr 19, 2026, 11:15 IST | Updated: Apr 19, 2026, 11:15 IST
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.
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