The Hormuz Petrodollar Trade: How One Waterway Could Reprice Oil, Gold, Bitcoin, and the U.S. Dollar Hormuz Petrodollar Trade
Nineteen days into a war filled with missiles, drones, and enough expensive hardware to make a Pentagon accountant weep, the most dangerous weapon turned out to be a sentence. Iran suggested that oil tankers could pass through the Strait of Hormuz again, provided the cargo is paid for in Chinese yuan instead of U.S. dollars. Four words…