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Iran considering yuan-only oil transit through Strait of Hormuz: report

Summary by IOL
Iran is said to be considering a plan to allow oil tanker access through the Strait for shipments that are traded in Chinese yuan. Could this move reshape global oil markets amid escalating geopolitical tensions?

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Iran considering yuan-only oil transit through Strait of Hormuz: report

Iran is said to be considering a plan to allow oil tanker access through the Strait for shipments that are traded in Chinese yuan. Could this move reshape global oil markets amid escalating geopolitical tensions?

·South Africa
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IOL broke the news in South Africa on Tuesday, March 17, 2026.
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