Iran is Developing an Oil Trading System Without the US Dollar

Iran's been trying for ages to sell its oil without relying on the US dollar. With sanctions and all the political pressure, they’re on the lookout for different ways to trade oil with partners like China and others. This war has given them just the right opening to amp up that strategy without too much attention. It seems like Iran is using a selective passage policy, almost like a divide and conquer tactic. Some countries, like China, India, and parts of Europe, might still get access to oil routes, while the US and Israel are facing tighter restrictions. Seems like this is more about the Strait of Hormuz than any actual deal. If this keeps going, we could end up with a 2-tier global economy. Some countries might snag oil at lower prices while others get hit with higher prices or have to find different sources. There’s also a historical echo of the 1956 Suez Crisis when Britain and France got sidelined, and new trade routes became the norm. We might see something like that again if new oil trading systems take shape. Another interesting angle is that there could be more oil trades settling in Chinese yuan instead of US dollars, which might gradually erode the petrodollar’s clout. Honestly, I think the US stepped into a huge trap by not fully considering the implications of this war before jumping in.

This is the most serious threat to the petrodollar. The attack on the oil countries (Venezuela, Iran) was carried out by the United States just to prolong the existence of the petrodollar and the modern financial system. If a fairly large part of the oil is sold for yuan, this destroys the dollar's monopoly. That is, it undermines the basis of the well-being of the United States. To save its crumbling world domination, the United States is capable of using nuclear weapons. Moreover, the United States has already done this twice against Japan.

Don't know how effective would that be since gulf countries are channeling the oil to port yanbu in the red sea. Try to take a look at marine traffic and you'd notice that ships are being rerouted to the red sea.

How can a human being with conscience say something like using nuclear weapons on Iran, do you think Russia and China will let them go free if they retire to such devilish means, this is a crazy idea to write. It is not as if the dollar is stronger than gold or bitcoin. The United States has used the same means to kill those who go against the dollar attempting de-dollarization. Libya, Iraq, Venezuela and now Iran are all the very reason for these attacks. Iran is attacking the dollar finely.

Do you think Trump is not capable of this? And I think he's very capable of using nuclear weapons. Especially if he starts losing the war. Or do you think that a person who was at least friends with the regulars of Epstein's Island (who ate babies) would be very remorseful if he killed millions of people? Doubtful.

What difference does that make with the current destabilisation going on in their country? Iran must hate the USA and USD further, I understand, but this changes nothing. As a sovereign nation, what were they afraid of? They were free to have bilateral relationships with the country of their choice, war or not. Some countries have done this long before them, including a G20 country like South Africa. Iran is also a BRICS member, so they have all rights.

I also read some rumor that the United States is planning to use nuclear weapon in a war. But I think it is just fake news, or maybe a psychological tactic or information manipulation aimed at putting pressure on the opponent. Because the use of nuclear weapons is too extreme and the consequences are unpredictable. That could lead to WWIII, and the United States might not survive if nuclear war broke out. I believe they are aware of that as well. Iran is playing its cards by only allowing ships that are not from the US, Israel, or their allies to pass through the Strait of Hormuz. Or only oil tanker paid for in Chinese yuan would be allowed to pass through the strait. These are very clever strategies, but it is still too early to say that they truly threaten the petrodollar empire.

If he uses nuclear weapons, it would only further demonstrate how disastrously the United States has failed in the war. And the use of nuclear weapons would be considered the most cowardly and despicable act. Personally, I do not believe he would dare use nuclear weapon. Because once that happens, the consequences will be extremely serious, not only for Iran but also for its Gulf allies and the United States itself. I also do not think America's Gulf allies would let him do that. Nuclear weapons are not something to be used indiscriminately.

Yes, that's what I heard. In the event that China introduces the yuan currency instead of the US dollar and opens the way for oil, it has decided to reopen the Strait of Hormuz, keeping China under complete control. However, even in the midst of war, the Strait of Hormuz has sufficient connectivity with various countries around the world, and Iran will not block countries that import oil in Chinese currency. It remains to be seen whether the Russian currency ruble will be added later.

Then I would say he is stupidest Leader ever. History already knows the aftermath of Nuclear war heads. With the current global position, most of the leading countries got this and it would be disaster if anyone of them use it. It wont end the war, it will start another one. Then it wont be for Oil or Sea route, it would be for saving our lives. Isn't funny man.

At least we can say that they are trying to threaten the petrodollar, for them it’s simply everything they have against anything that will be of benefits to the US. Yes I know the impact is not going to be easily felt of this but at least they are seeing to be fighting back and not backing down. Personally I think it would be just a small impact because this is where 20% of the oil passes only and not the entirety of the oil. As for Trump retaliation I do think he can not use his nuclear weapon in this war because of many reasons but purposely because of the reason he is fighting this war.

He does that and suddenly he will help accelerate the plans for WW three. Russia and China will be forced to be a part of the of this if it comes to nuclear weapons. I have no surprises he will do such a thing since he already targeted Iranian schools of children and girls. The congress better move fast or else the world find themselves in a catastrophic situation. His attempts to get his allies sending ships to help open the strait of Hormuz all been rejected. They do not want to be dragged into unnecessary war with iran

They allowed this oil to pass through not to create a new oil route, it is just to maintain the existing relationships with those countries that are not the allies of US, I don't think Iran is winning this war, it can just prolong the attack and once it ends the things will be as usual but whoever controls their source will not be selling at the same price it usued to be. US wants to become monopoly so they can decide the price.

The current US president is unpredictable. He has proved to have little or no respect for international laws or international treaties. He could decide to use more dangerous weapons on Iran if the war becomes fierce. I don't trust China or Russia to come to the aid of Iran. Nicolás Maduro a close ally of Russia and China was kidnapped and nothing happened. The dedollarization process has been going on for a long time. BRICS nations have encouraged members States to accept local currencies for trade between members. With the dominance of the US dollars international trade, the blocking of the Strait of Hormuz will have juat minor effect. Other nations have decided to engage in dialogue with Iran to enable their ship to pass through.  Hopefully, this blockage will be over soon.

The reality looks different from my own side, Iran can go ahead and sell their crude oil using any other currency apart from the dollar because of this opportunity they've had, but they should forget about wanting to reduce the influence of the dollar or the De-dollarisation approach they want to bring in. First America has more international influence and more alliance more than them, this is like fighting an Elephant when you are a Honey-badger. Whatever effect you might see on the part of U.S, the one for Iran is three times more.

The United States now knows very well how much pressure they are under. Though the country is now requesting a ceasefire, Iran is not willing to accept it, which has put them in even bigger trouble. The whole world knows that America is so financially strong because of its dollar system. If the value of this dollar can be reduced in any way, then the power they have shown so far in the world economy may end. For Iran, this strategy is a big loss for the United States on the one hand, and a big opportunity for China on the other. The situation in the Strait of Hormuz will determine which currency system will be effective.

If the US tries this, then Russia has received the boost they needed to activate similar stunt against Ukraine and trust me, there would be nothing stopping them. It would also energize North Korea to be at liberty with their nuclear activities. US knows better than activating nuclear war at a time like this, It cannot use the same weapon which is its excuse for invading Iran against it, that would be outright stupidity and by doing it, I would be very convinced Trump has lost his mind and has completely lost control of the situation if he now resorts to using nuclear warhead.

It’s a bit gullible to assume that the leaders of our countries won’t result to such cruelty just ti save their own country and its standing on the world. Trump will say one thing but would mean another. Trump is fearless and will do anything if he deems it necessary.

Iran will not "win" the war, but I doubt USA will win it neither, it is going to be something that doesn't benefit anyone. That is what USA wars are about anyways, to weaken your opponent and nothing more. USA will not gain anything from this, they will not suddenly turn Iran into a great nation or something, not a democracy that is like a western nation, look at Iraq or Afghanistan or any other nation they attacked, hell ISIS took part of Iraq for a decade, after USA left. So overall when I say this, Iran will not be looking good, but at the end of the day it is still not going to be good for neither Iran nor USA.

Iran has the power to control what oil flows through the strait of Hormuz right now, but don't think that they have full control of this situation or the ability to create this two tier structure you think will happen. Iran is a few bombs away from having their own oil export terminals destroyed and eliminating their ability to sell oil too. China is not going to get involved or protect them very much. The whole thing could be solved tomorrow by America & Israel backing down from this aimless war if they just had anything reasonable to negotiate with Iran right now. Iran is not going to surrender or give up very much, but it's actually understandable that they will cause economic havoc in this asymmetric war. Everyone with a shred of intelligence understood this would likely happen, stopping the oil flow, before the war even began and Trump ignored common sense