SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Business News

The Economic Times

Business / The Economic Times

details

Irans Yuan push for oil trade signals fresh challenge to dollar dominance

Iran is reportedly considering demanding Chinese yuan for oil shipments through the Strait of Hormuz, a move that could challenge the US dollar's dominance in global energy trade. This potential de-dollarization strategy aims to bypass sanctions and bolster ties with China, potentially leading to global financial market volatility and impacting India's crude imports.

19 Mar 2026 6:08 am