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Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan
Iran Mulls Allowing Tankers Through Strait Of Hormuz If Trade Conducted In Yuan
Via The Cradle
Iran is considering allowing a "limited number" of oil tankers to pass through the Strait of Hormuz on the condition that the oil cargo is traded in Chinese yuan, CNN has reported.
A senior Iranian official told the US news outlet that Tehran is working on a new plan to manage tanker traffic through the strategic waterway on Iran’s southern coast.
via Associated Press
Iran has effectively sealed off the strait, allowing only its own and Chinese ships to...
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