Middle East Eye
centerBREAKING'Hard to unseat the king': Iran's control of Hormuz may not be end of petrodollar

NEWS SUMMARY
Experts suggest Iran's control over the Strait of Hormuz, through which 20% of global energy passes, is unlikely to end the dollar's dominance in oil trade. Despite Iran's efforts to challenge the petrodollar system by potentially pricing tolls in yuan, unseating the dollar's hegemony remains a significant challenge.
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CONFLICT OVERVIEW
Iran
Internal political tensions, regional proxy conflicts, and international standoffs regarding Iran's nuclear program and geopolitical influence.
SOURCE PERSPECTIVES
How outlets across the bias spectrum are covering this conflict.
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Middle East crisis live: Trump suspends bombing deadline for two weeks; Iran says it will allow conditional passage through strait of Hormuz
The Guardian Middle EastDemocrats outraged at Trump’s Iran post: ‘A threat to commit a war crime’
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