March 14, 2026 | 03:17 pm
TEMPO.CO, Jakarta - Iran is considering allowing a small number of oil tankers to pass through the Strait of Hormuz on the condition that cargo is traded in Chinese yuan, a senior Iranian official told CNN on Friday, as reported by Anadolu.
The official said this potential step is part of Tehran's plan to manage the flow of oil tankers through the strategic waterway.
Most global oil is traded in US dollars, except for sanctioned Russian oil priced in rubles or yuan, CNN reported.
The media added that China has spent years trying to expand the use of the yuan in oil transactions, but the dollar remains the primary reserve currency.
Concerns about disruption in the strait, a vital route for energy supplies, have driven oil prices to their highest level since July 2022, following the start of the Russia-Ukraine conflict earlier this year, it said.
The Strait of Hormuz carries about 20 million barrels of oil per day and around 20 percent of the global liquefied natural gas trade.
The UN warned on Friday that restrictions on shipments through the strait could have a significant impact on humanitarian operations in the region.
Tehran effectively closed the Strait of Hormuz on March 1, after Israel and the US launched a joint attack on Iran on February 28, which has so far killed about 1,300 people, including the then Supreme Leader, Ayatollah Ali Khamenei. Hostilities have escalated since then.
Read: Indonesia Intensifies Talks with Iran on Safe Hormuz Ship Passage
Click here to get the latest news updates from Tempo on Google News
Dubai Detains British Tourist for Recording Iranian Attacks
1 jam lalu
A 60-year-old British tourist faces two years in a UAE prison after filming an Iranian missile strike in Dubai.
US-Israeli Strikes Damage Iran's Cultural Heritage Sites
1 jam lalu
UNESCO World Heritage Sites in Iran are at risk, with several monuments already damaged by US and Israeli strikes.
As Iran War Rages, Gulf Neighbors Worry About Security
2 jam lalu
Experts urge a return to diplomacy as US-Israeli strikes on Iran and Iranian rocket retaliations continue across the region.
Indonesia Intensifies Talks with Iran on Safe Hormuz Ship Passage
3 jam lalu
The Indonesian Foreign Ministry is intensifying its diplomatic efforts to ensure the safety of Indonesian ships passing through the Strait of Hormuz.
Malaysia Considers WFH for Public Sector Employees
4 jam lalu
The Malaysian government is considering the implementation of WFH for public sector employees as an efficiency measure in the face of global geopolitical conditions.
Iranian Missiles Hit 5 US Tanker Aircraft in Saudi Arabia, 6 Dead
5 jam lalu
The all six crew members of the aircraft were reported to have been killed, as confirmed by the Pentagon on Friday.
China Donates $200,000 to Families of Iran School Strike Victims
6 jam lalu
China provides $200,000 or around Rp3.3 billion in aid for parents whose children were killed in the US attack on an Iranian elementary school.
Prabowo Cites Pakistan as Indonesia Weighs Austerity Amid Iran War
7 jam lalu
Prabowo said Indonesia should also consider cutting fuel use, though the government is still reviewing possible measures.
Fact Check: AI-Generated Photos Portray Indonesian Man as Iran Missile Technician
8 jam lalu
The uploader claimed the man was 33-year-old M. Hasbi Alkhairi, allegedly earning Rp315 million a month as a missile technician in Iran.
Iran War Escalates, Indonesia Postpones D-8 Summit in Jakarta
17 jam lalu
Indonesia chairs the D-8 for the 2026-2027 period, and was scheduled to host the D-8 Summit on April 15, 2026.
