PetroYuan A silent earthquake in global economy
· 8 min read
‘Petro-Yuan’: A silent earthquake in global economy
TEHRAN- Simultaneously with the escalation of geopolitical tensions in the Persian Gulf and the halt of vessel traffic in the Strait of Hormuz, media outlets have reported on China's decision to conclude oil contracts based on the Yuan with Persian Gulf countries, a move that analysts have interpreted as a challenge to dollar hegemony and a silent earthquake in the global economy.
