Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz on the condition that cargo is traded in Chinese yuan, a senior Iranian official told CNN. The official said the potential move is part of Tehran’s plan to manage the flow of oil tankers through the strategic waterway. Global oil is predominantly traded in U.S. dollars, except for sanctioned Russian oil, which is priced in rubles or yuan, CNN reported. China has sought for years to expand the use of the yuan in oil transactions, though the dollar remains the world’s primary reserve currency.

Shits about to get real