Iran demands RMB toll payments for Hormuz passage
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
The RMB may be an unexpected beneficiary from the conflict in Iran. Some background: Since declaring the Strait of Hormuz “closed” in early March, the Iranian military has reportedly levied passage fees on transiting ships, with some payment already settled in yuan (Lloyd’s List). Per Bloomberg’s so...