U.S. Senator Lindsey Graham: Iran is charging ships to pass through the Strait of Hormuz and taking yuan, which poses a threat to the U.S. dollar.

(Comment from me below the quote)

"As for the Strait of Hormuz, right now the IRGC - the Iranians - are charging ships to pass through the straits, and they’re taking yuan, not dollars.

One threat in all of this debacle is that if we start allowing Chinese currency to be used in oil trading, it will hurt the dollar. Since 1974, every barrel of oil sold and traded in the world has been traded in dollars.

Now what are the Iranians trying to do? They’re trying to change the currency from the dollar to the Chinese yuan - and that’s an attack on the dollar. And that needs to end too."

The coming hours and the decisions that will be made in Iran and regarding Iran will be truly decisive, both for the entire Middle East and for the global economy.

I hope that all decision-makers on both sides take into account the potential economic and humanitarian consequences.