CLOSUE OF THE STRAIT OF HORMUZ COULD ACCELERATE THE YUAN AS THE GLOBAL CURRENCY
Iran’s new leader, the Ayatollah Mojtaba Khamenei said the critical Strait of Hormuz will remain essentially closed as a “tool of pressure”.
The announcement comes as International Energy Agency said the world is facing the “largest supply disruption in the history of the global oil market.”
Trump’s energy secretary has admitted US Navy is not able to escort vessels through the Strait of Hormuz as Iran attacks ships in the waterway.
https://edition.cnn.com/world/live-news/iran-war-us-israel-trump-03-12-26
Iran is playing the economic card by closing the Strait of Hormuz to oil and gas for the US, UK and Europe.
By blocking the Strait of Hormuz indefinitely to all but Chinese or allied tankers, Iran can devastate the economies of the US, UK, Europe and also Israel, and, at the same time, bolster the economies of the BRICS.
And it help destroy the petro dollar, the Gulf States, and with them the US bases in the Gulf states, as well as an important export market for US weapons.
In short, Iran can score an economic bonanza just by keeping the Strait closed.
The calculation that China wants to keep on exporting to the rest of the world and the West and so has a stake in ending the war and pressuring Iran quickly may be wrong.
China can switch its energy and export trade to focus on the BRICS, East Asia and let the West collapse economically.
By helping destroy the petro dollar and dollar, it can bolster demand for the Yuan.
https://www.zerohedge.com/markets/chinas-de-dollarization-push-meets-washingtons-defense-dollar
Then China, Russia and Iran will be in position to buy up huge chunks of the impoverished, shattered economic ruin which will be the West.
Meanwhile, time is running out for the military operations of the US and Israel because missiles are running.
Trump and Netanyahu did not have a realistic plan for dealing with a longer war with Iran, ignoring the risk of very low stocks of air defence missiles and with only two months supply of critical rare earth minerals in stock which are needed to make new missiles, radars, jets.
https://www.zerohedge.com/political/washington-reportedly-has-just-two-months-rare-earths-left
This is another self inflicted disaster of Trump and the result of his miscalculation in the trade war with China. It is a disaster for America s military industrial complex and power and so for the dollar. It has been military might in places like teh Gulf which has kept oil under de facto under the US control through the petro dollar.
When Trump and Netanyahu fire the last air defence missiles, there will be few or none coming online because a vital element is being withheld by China due to Trump s trade war.
Iran has a vast array of missiles, which it can continue to use to destroy targets.
It certainly has the capacity to wipe out Israel if Israel uses a nuclear weapon against it.
https://www.zerohedge.com/markets/why-constant-talk-taco-likely-wrong-both-sides-escalating
From media
In this sense, the struggle between the United States and China is not just a trade war or a geopolitical rivalry; it’s an all-out contest over controlling global finance.
Washington’s tariffs, sanctions regimes, energy policies, and strategic control of trade routes all reinforce the current dollar-centered system.
Beijing’s tactical response includes expanding BRICS cooperation and adoption, currency diversification, digital yuan experiments, and alternative financial infrastructures to create a world in which U.S. financial dominance is no longer absolute.
https://www.zerohedge.com/markets/chinas-de-dollarization-push-meets-washingtons-defense-dollar
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