The Hormuz Toll Is Being Paid in Yuan
At least two vessels have paid Iran's $2 million Strait of Hormuz toll in Chinese yuan — the first live transactions in a post-dollar energy payment system.
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Bureau: Delhi
At least two vessels have paid Iran's $2 million Strait of Hormuz toll in Chinese yuan — the first live transactions in a post-dollar energy payment system.
The US offered a 30-day sanctions waiver on Iranian oil — and India's refiners, China's Sinopec, and Iran itself all said no thanks.
Pakistan's hosting offer remains on the table, but Iran's five-point counter-proposal has made acceptance functionally impossible.