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Bloomberg reported on the revival of the Petroyuan initiative due to the war in Iran

Bloomberg: Conflict in the Middle East has led to the revival of the Petroyuan initiative

Tue, 04/14/2026 - 11:04

Photo: Global Look Press/Sheldon Cooper

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The conflict in the Middle East and the closure of the Strait of Hormuz have provoked a sharp increase in oil payments in yuan. This was reported by Bloomberg on April 14.

According to the agency, the National Cross-border Interbank Payment System recently recorded a record one-day transaction volume of 1.22 trillion yuan ($179 billion).

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Registered by the Federal Service for Supervision of Communications, Information Technology and Mass Communications. Certificates of registration Certificate of registration: EL № FS 77 - 76208 dated July 8, 2019. , Certificate of registration: EL № FS 77 - 72003 dated December 26, 2017.