[Salon] Hormuz dues -- posting from Linked In
- To: salon@listserve.com
- Subject: [Salon] Hormuz dues -- posting from Linked In
- From: Chas Freeman <cwfresidence@gmail.com>
- Date: Mon, 23 Mar 2026 13:56:25 -0400
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IT HAS BEGUN.
An Indian oil tanker has reportedly crossed the Strait of Hormuz after settling its dues in Chinese yuan — not U.S. dollars.
This is more than a routine maritime development. It signals a powerful shift in global energy trade dynamics. For decades, the petrodollar system dominated oil transactions. Today, that grip is clearly being challenged.
Iran is proving once again that strategic patience and economic resistance can reshape the global financial order. The era of a single-currency monopoly over energy trade is fading
A new multipolar financial system is rising — and the world is watching. 🌍🔥
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