Yuan: A petro-dollar replacement
Oil transactions denominated in US dollars have long served as a central pillar supporting the stability of the American economy. But the recent US‑Israeli military actions have altered that dynamic.
A growing number of countries are expanding the role of the Chinese yuan in their currency reserves and trade settlements, especially as global unease over the US president’s unpredictable behavior continues to rise.
Meanwhile, Iran’s Parliament Speaker Mohammad Baqer Qalibaf has warned that access to US‑linked financial assets may become increasingly restricted if tensions escalate further, urging investors to “get out while open.”
Strait of Hormuz crisis and the illegal US naval blockade
Illegal US naval blockade
The aggression against Iran exposes deep cracks in US, Israeli power
US postpones arms sales to Taiwan as war on Iran depletes arsenal
Israeli strikes kill six paramedics in south Lebanon
Iran censures Germany’s downplaying of US-Israel attack as merely ‘unnecessary war’
VIDEO | International journalists, activists call for justice over US attack on Minab school
VIDEO | Italy refuses to sanction Israel despite Ben-Gvir's flotilla taunt
VIDEO | Israeli expansionist agenda threatens Palestinian land and heritage
VIDEO | Palestinians condemn so-called Board of Peace report on Gaza
VIDEO | Medical plaster in short supply as Israeli 'dual-use' restrictions halt restoration
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
