News

petrodollar
2026-07-23 19:30:15

Iran Demands Yuan for Hormuz Passage, Threatening Petrodollar Collapse

In March 2026, Iran required all tankers passing through the Strait of Hormuz to settle oil trade in yuan instead of dollars. At least two vessels have complied. Oil prices surged to $100/bbl. Ray Dalio warns the petrodollar system could collapse, though yuan oil trade accounts for only 5%.

00
Iran Demands Yuan for Hormuz Passage, Threatening Petrodollar Collapse
Mastercard
2026-07-23 19:30:15

Mastercard Launches Crypto Partner Program With Over 85 Firms

Mastercard announces global Crypto Partner Program, bringing together Binance, Ripple, Circle, PayPal, Gemini and 80+ others to focus on real-world blockchain payment use cases like cross-border transfers and B2B settlements.

00
Mastercard Launches Crypto Partner Program With Over 85 Firms