Iran may allow oil tankers through the Strait of Hormuz if traded in Chinese currency
Iran could allow a limited number of oil tankers to pass through the Strait of Hormuz if the cargo is traded in Chinese yuan, CNN has reported, quoting an unnamed Iranian official.
Al Jazeera could not independently verify the claim.
The proposal forms part of a broader plan Tehran is reportedly developing to manage tanker traffic through the strategic waterway following the Israeli-US war on Iran.
Most global oil sales are conducted in US dollars, though sanctioned Russian crude has increasingly been traded in roubles or yuan.