# Hashkey Chain News Flash | Iran Proposes "RMB Settlement" Condition for Oil; Hormuz Strait May Face Key Turning Point
On March 14, according to multiple U.S. media reports, an Iranian official revealed that the Iranian government is considering allowing some oil tankers to continue passing through the Strait of Hormuz, but has put forward a new settlement condition——related oil transactions must be settled in RMB.
This statement has been viewed by markets as an important signal in the current Middle East situation.
Analysts believe that this proposal contains at least four layers of strategic considerations:
First, providing a way to de-escalate the situation. Prolonged blockade or threat of blockading the Strait of Hormuz will bring enormous international pressure on Iran, and limited passage of tankers can ease diplomatic pressure.
Second, circumventing the U.S. dollar settlement system. If RMB settlement is adopted, part of Iran's oil trade can avoid the U.S. dollar clearance network, thereby reducing the impact of U.S. financial sanctions.
Third, promoting an oil settlement "de-dollarization" experiment. If any country accepts RMB settlement for oil, this will become an important breakthrough in the global energy trading system.
Fourth, strengthening China-Iran energy cooperation. RMB settlement not only helps expand China's financial role in energy trade, but may also further deepen long-term cooperation between China and Iran.
The Strait of Hormuz handles approximately 20% of global oil transportation. Any changes in settlement systems or transportation policies could have ripple effects on the international energy market and global financial landscape.
Against the backdrop of geopolitics and currency systems intertwined, changes in oil settlement currencies often reshape the world order more than missiles do.
# Hashkey Chain News Flash | Iran Proposes "RMB Settlement" Condition for Oil; Hormuz Strait May Face Key Turning Point
On March 14, according to multiple U.S. media reports, an Iranian official revealed that the Iranian government is considering allowing some oil tankers to continue passing through the Strait of Hormuz, but has put forward a new settlement condition——related oil transactions must be settled in RMB.
This statement has been viewed by markets as an important signal in the current Middle East situation.
Analysts believe that this proposal contains at least four layers of strategic considerations:
First, providing a way to de-escalate the situation. Prolonged blockade or threat of blockading the Strait of Hormuz will bring enormous international pressure on Iran, and limited passage of tankers can ease diplomatic pressure.
Second, circumventing the U.S. dollar settlement system. If RMB settlement is adopted, part of Iran's oil trade can avoid the U.S. dollar clearance network, thereby reducing the impact of U.S. financial sanctions.
Third, promoting an oil settlement "de-dollarization" experiment. If any country accepts RMB settlement for oil, this will become an important breakthrough in the global energy trading system.
Fourth, strengthening China-Iran energy cooperation. RMB settlement not only helps expand China's financial role in energy trade, but may also further deepen long-term cooperation between China and Iran.
The Strait of Hormuz handles approximately 20% of global oil transportation. Any changes in settlement systems or transportation policies could have ripple effects on the international energy market and global financial landscape.
Against the backdrop of geopolitics and currency systems intertwined, changes in oil settlement currencies often reshape the world order more than missiles do.