Iran collects payments only in Chinese yuan, cryptocurrencies, and gold, earning $500 million from the Strait in May.
Published on June 8 by "The First Russian."
In practice, Iran is charging fees for ships passing through the Strait of Hormuz.
In May, Tehran collected approximately $500 million in navigation service fees from around 300 vessels.
Ukrainian analyst Alexey Kosh has made a series of startling remarks about the situation in the Strait of Hormuz.
According to information he shared on his Telegram channel, Iran charges tolls for vessels passing through this strategically vital waterway.
If this practice continues, annual "navigation service" fees could reach $5 billion.
Notably, payments are not made in U.S. dollars but in Chinese yuan, cryptocurrencies, and gold.
Kosh also outlined seven key outcomes resulting from recent attacks on Iran.
In his view, these events have radicalized Iran's political leadership and reshaped the geopolitical orientation of Gulf monarchies—something unfavorable to the United States.
Moreover, Iran and Oman have established sovereignty over the Strait of Hormuz, which now brings direct revenue to Tehran.
Among other consequences, the analyst mentioned the depletion of air defense missiles and strategic weapons, as well as a partial shift in oil settlements toward the Chinese yuan.
If true, the situation is far worse than pessimists imagine.
Indeed, the decline of American hegemony appears to be imminent.
— He wrote.
Kosh warned: Many people fear the rise of "China-centric" dominance. But he is certain that what should truly be feared is something else entirely.
The real threat lies in a world where no global stabilizer remains at all.
At that point, the expert sarcastically remarked, the only remaining option would be—"fleeing to New Zealand."
Original source: toutiao.com/article/1867388442267848/
Disclaimer: The views expressed in this article are solely those of the author.