Oil Price Surge: Will Yuan Payments for Hormuz Passage Reshape Global Energy Trade Amid US-Iran Escalation?
A dramatic new twist is emerging in the fast-escalating US-Iran war, as reports suggest Tehran is exploring a controversial proposal: allowing oil tankers safe passage through the Strait of Hormuz in exchange for payments made in Chinese yuan.
Oil Price Nears $100 as Iran Issues Fresh Evacuation Alerts for Saudi, UAE, Qatar Energy Facilities After Larijani Assassination
Oil prices are pushing toward the $100 mark as geopolitical tensions in the Middle East intensify, with Iran issuing evacuation warnings and signaling potential strikes on key Gulf energy infrastructure.
The World’s Most Critical Oil Chokepoint Just Closed. New Zealand and Australia Are Running on Fumes
A war in the Middle East has turned a decade-old energy security warning into an emergency. For two countries that quietly dismantled their refining industries, the reckoning has arrived.
Oil Surge, Pentagon vs. AI, and Bitcoin’s Identity Crisis: How the Iran War Exposes the New Market Order
The market’s first instinct in a crisis is usually simple: buy oil, buy gold, dump risk. The Iran war has blown that script apart.
Hyperledger used to track US oil on a blockchain
IBM, commodities trading house Trafigura, and the French investment bank Natixis are pioneering a blockchain solution for US crude oil transactions. Using a distributed ledger to host this market “allows major steps in a crude oil transaction to be digitized on the blockchain, ensuring improved transparency, enhanced security, and optimized efficiency,” according to IBM.
