For oil tankers stranded in the Strait of Hormuz, Iranian officials have imposed new conditions for passage: settlement must be made in Chinese Yuan (CNY 🇨🇳). At the outset of the conflict, I stated that besides the Israeli factor, a crucial reason for the US military action against Iran was oil. Trump, as a Republican, has close ties to the oil interest groups that back him, and oil is a key tool for achieving the "petrodollar" strategy, making the dollar the global reserve currency. For countries that have long been at odds with the US and subject to sanctions, the availability of the Yuan as a new option naturally garners their full support. Therefore, at the beginning of 2026, we saw Trump first raid Venezuela to arrest Maduro, and then attempt to overthrow the Iranian regime. The essence is that these "disobedient" oil-producing nations are planning to use the Yuan for settlement, a move that will inevitably seriously threaten the dollar's status. To prolong the massive US debt and ensure the dollar continues as the settlement currency for international trade, this war is inevitable, but the current situation seems to be moving in the opposite direction. In short, this is essentially a currency war.