So all of that explains why I think this decision by the Iranian government to announce that it will allow ships to 43:19 travel through the straight of Hormuz if they sell oil in Chinese yuan. This really is a geopolitical earthquake that 43:26 could have massive repercussions not only politically but economically and 43:32 could challenge the petro dollar system because the reality is that still 80% of 43:37 oil around the world is still sold in US dollars. And even if Iran only succeeds 43:43 in reducing that to 75% or 70% that is still a massive shift. Dolorization is 43:51 not something that's going to happen overnight, but it is something that absolutely is happening. And it's only 43:57 accelerating as the US empire is just attacking countries around the world. 44:03 Bombing Venezuela, bombing Iran, imposing an oil blockade of Cuba, 44:08 threatening to colonize Greenland, threatening to take over the Panama Canal, threatening to annex Canada. I 44:15 mean, the list goes on and on of the <



https://youtu.be/X2zBWcGahuc?si=1YR3SPkG4jpjN3mi



Description Iran challenges US dollar, demanding oil be sold in Chinese yuan, as it targets US corporations 4,117 Likes 31,399 Views 3h Ago In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth, causing energy prices to skyrocket. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China's currency, the renminbi (aka yuan).<


Iran is also targeting offices of major American corporations, and wants to force them out of the Middle East (West Asia), while trying to expel US military bases. Ben Norton explains how this war affects the the global reserve currency.


Topics 0:00 Iran war causes energy crisis 0:29 Oil price skyrockets 0:56 Fears of economic crisis 2:07 Strait of Hormuz 3:21 Iran permits Chinese oil tankers 4:17 Iran says: sell oil in RMB, not USD 4:43 Dollar dominance & petrodollar 6:28 Asymmetric warfare 6:59 US military bases in Middle East 7:47 Iran strikes CIA stations 8:46 Iran hits US refueling planes 9:10 US empire underestimated Iran 10:32 Iran targets US corporations 12:03 Economic warfare 13:07 (CLIP) Scott Bessent on sanctions 14:05 New leader Motaba Khamenei 15:21 Iran strategy spelled out 17:08 Tehran wants revenge 18:51 Yemen, Red Sea, Bab al-Mandab 22:16 US war on Yemen in 2025 23:23 Anti-colonial wars 24:16 Trump sends more US troops l0 Us war on remen in