Tehran and Beijing both stand to gain from boosting status of the Chinese yuan.
Tehran and Beijing both stand to gain from boosting status of the Chinese yuan.
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As the United States-Israel war on Iran — paused for two weeks on Wednesday amid fresh diplomatic talks — has roiled the global economy for more than a month, Iran and China have seized the opportunity to address a shared gripe about the global financial system.
Their common cause: ending the hegemony of the US dollar.
Heading into the summit, Beijing and Washington will likely reaffirm their shared intention to reopen the Strait of Hormuz and…
While not immune to disruptions in Hormuz, Beijing has used numerous approaches to reduce its vulnerability
As fears mount that Tehran could block strategic chokepoint, Beijing urges calm to protect global energy trade.
Speculation has been circulating that Washington’s aim is to force Beijing to put pressure on Tehran to strike a peace deal.
The dollar index, which tracks its performance against a basket of major currencies, fell almost 10% through 2025.
BEIJING: China has expressed its anger over Israeli-US strikes on Iran but, despite hits to its oil imports, will not risk its…
