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Story summary
- Deutsche Bank analysts say the war in Iran challenges the U.S. dollar's dominance in global oil trade.
- The conflict tests petrodollar system established in 1974 that links oil pricing to the dollar.
- Analysts warn that Gulf countries moving closer to Asia for trade could weaken the dollar's role.
- Iran's policy allows ships to pass through Strait of Hormuz if payments are made in yuan and signals a currency shift.
