Inside the Hormuz chokehold: a Greek shipowner's struggle to pay Iran in yuan and the global pivot to gold

The conflict between Iran and the US is intensifying due to the Hormuz Strait crisis, leading to a restructuring of regional energy security. Iran is seeking to compensate for damages with payments in yuan, strengthening ties with China. This could challenge the dollar-dominated petrodollar system established after the 1970s oil crises.