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The Iran Crisis Could Accelerate RMB’s Internationalisation. Asian Allies Unlikely to Back Trump.
Following US-Israeli strikes against Iran, Tehran has threatened to attack vessels passing through the Strait of Hormuz, through which roughly 20% of global oil and liquefied gas flows in normal times. The threat has pushed oil prices upward and raised concerns about global supply chains. Most of these fossil fuel shipments are bound for Asia, particularly China, India, Japan and South Korea. An Iranian official has suggested that Tehran is considering allowing limited oil t

Phoebe Chow
7 hours ago2 min read
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