Yuan, Not Dollars: Iran’s Hormuz Toll Booth Picks Its Currency

Iran’s Islamic Revolutionary Guard Corps has begun accepting yuan-denominated passage fees in the Strait of Hormuz, routing payments through Chinese maritime intermediaries while Tehran’s parliament advances legislation to make the practice permanent, shipping intelligence firm Lloyd’s List confirmed Thursday. The system — which maritime analysts have labeled the “Tehran Toll Booth” — runs through IRGC-linked […] The post Yuan, Not Dollars: Iran’s Hormuz Toll Booth Picks Its Currency appeared first on the deep dive.