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Iran is keeping the Straits of Homuz open for business.

Iran has announced that it will not attack any ship passing through the Strait of Hormuz if it meets two conditions:

1. It must not be affiliated with the US or Israel, and
2. It's cargo must be paid for in Chinese yuan.
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DeWayfarer · 61-69, M
In other words it doesn't want to keep the straights open. 🤷🏻‍♂

Most ships pay in the currency whose flag they carry. Like German ships fly the German flag and pay in Deutschmark.

This is to avoid currency laundering.
sree251 · 41-45, M
@DeWayfarer
In other words it doesn't want to keep the straights open. 🤷🏻‍♂

The Straits is open to everyone except Donald Trump and Netanyahu.

Most ships pay in the currency whose flag they carry. Like German ships fly the German flag and pay in Deutschmark.

You can pay in Deutschmark or US Dollars but change them to Chinese yuan.
DeWayfarer · 61-69, M
@sree251
You can pay in Deutschmark or US Dollars but change them to Chinese yuan.

So you would have the yuan laundered! 😆

China would just love anyone for doing just that. Instantly destabilizing the yuan.
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Gibbon · 70-79, M
Because they don't want their precious island blown to kingdom come
MasterLee · 56-60, M
Funny they think they have a choice

 
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