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Iran war could boost China’s ‘petroyuan’ and weaken US dollar dominance, analysts say

SCMP Culture 26 March 2026 2h ago
Iran war could boost China’s ‘petroyuan’ and weaken US dollar dominance, analysts say
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Relevance
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Authority
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Brand Signal
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Depth
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The US-Israeli war in Iran could weaken the US dollar’s historic dominance in the oil-rich Middle East and bolster a “petroyuan” alternative backed by China’s currency, according to analysts at a lead
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