The Hormuz tollbooth is a precedent, not a de-dollarisation revolution
By charging renminbi and cryptocurrency tolls at the Strait of Hormuz, Iran has become the first state to pair control of a physical chokepoint with an operational demand to trans…
By charging renminbi and cryptocurrency tolls at the Strait of Hormuz, Iran has become the first state to pair control of a physical chokepoint with an operational demand to transact outside the dollar system.
Source: https://eastasiaforum.org/2026/06/16/the-hormuz-tollbooth-is-a-precedent-not-a-de-dollarisation-revolution/