TechFlow News, March 14: According to JINSHI Data, on March 13 local time, CNN cited a senior Iranian official stating that Iran is considering permitting a limited number of tankers to pass through the Strait of Hormuz—provided those tankers carry oil cargo settled in Chinese yuan. The source added that Iran is currently developing a new plan to manage tanker passage through the Strait of Hormuz, and the above-mentioned potential measure is being proposed within this context. CNN noted that international oil trade is currently conducted almost entirely in U.S. dollars, with the sole exception being sanctioned Russian oil, which is traded in rubles or yuan.
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