Iran is reportedly preparing a major financial shift in the Strait of Hormuz, with lawmakers proposing that all transit tolls for commercial vessels be paid exclusively in Iranian rials.
According to reports, a new parliamentary bill would ban the use of both the U.S. dollar and the Chinese yuan for maritime transit fees through the strategic waterway.
Iranian lawmakers framed the move as a push for monetary sovereignty and a challenge to foreign currency dominance in regional trade. “No more dollars, no more yuan,” officials reportedly declared while discussing the proposal.
The decision, if fully implemented, would mark a sharp change from earlier reports that Iran had accepted yuan, dollars, euros, and even cryptocurrencies for Hormuz-related transit payments. Analysts say the policy could further intensify tensions over global shipping and financial influence in one of the world’s most important energy corridors.
