Explained | Iran War Sparks Global Currency Shift: Petroyuan vs Dollar
The ongoing Iran conflict is no longer just a geopolitical crisis. It is now raising serious questions about the future of global finance. As tensions escalate in the Strait of Hormuz, China’s push for the “petroyuan” is gaining renewed attention. Could this mark the beginning of a shift away from the US dollar’s dominance in global oil trade?NDTV's Apurva Adhikari decodes how the Iran war is influencing currency dynamics, why the dollar still holds power, and whether the yuan can realistically challenge it.
