It’s even funnier considering Iran had allowed food shipments to Egypt to go past for free due to Egypt implementing policies Iran deems as respectable. Egypt frankly hasn’t done shit, so I’d imagine it wouldn’t be troublsome to negotiate with Iran about passage through the straight.
To me the toll system more appears like a way for Iran to charge countries based on their level of economic development, while minimizing the effects of the petrodollar on Global South countries.
People are talking about how Iran is charging oil in Yuan, but I think this will change after the war. Yuan is useful to Iran because China is a massive trading partner, however I think that as BRICS becomes more influential, and the US Sanctions regime collapses further, Iran will begin accepting the national currencies of other countries. That way they can more easily access parts of the global economy without having to use the dollar.
Within a couple tears time, maybe even some months from now, I expect to start seeing headlines about Iran trading oil to India in Rupees or another BRICS country and their national currency.
It’s even funnier considering Iran had allowed food shipments to Egypt to go past for free due to Egypt implementing policies Iran deems as respectable. Egypt frankly hasn’t done shit, so I’d imagine it wouldn’t be troublsome to negotiate with Iran about passage through the straight.
To me the toll system more appears like a way for Iran to charge countries based on their level of economic development, while minimizing the effects of the petrodollar on Global South countries.
People are talking about how Iran is charging oil in Yuan, but I think this will change after the war. Yuan is useful to Iran because China is a massive trading partner, however I think that as BRICS becomes more influential, and the US Sanctions regime collapses further, Iran will begin accepting the national currencies of other countries. That way they can more easily access parts of the global economy without having to use the dollar.
Within a couple tears time, maybe even some months from now, I expect to start seeing headlines about Iran trading oil to India in Rupees or another BRICS country and their national currency.