"Iran offered the European Union (EU) transit access through the Strait of Hormuz. Sounds like a small diplomatic move. It is not. The offer is a financial nuclear bomb. If Europe takes this deal, they pay in euros — not dollarsOne major non-dollar oil deal is all it takes to show the world it CAN be done."
"The petrodollar is the most powerful financial system ever created. Born in 1974. It forced every nation on Earth to hold dollars just to buy oil. That's the entire basis of US financial dominance."
"If that system cracks, BRICS accelerates, Gulf states reconsider, dollar demand collapses, and America can no longer fund its $34 trillion debt on easy terms." FULL STORY at above link.
"A senior Iranian official told CNN that Iran is considering allowing a limited number of oil tankers to pass through the strait on the condition that cargo is traded in Chinese yuan, not US dollars. The official said the potential move is part of Tehran's plan to manage the controlled flow of tankers through the waterway. At least two vessels have already paid transit fees in yuan." FULL STORY at above link.