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Could Hormuz flare up into a dollar-yuan war?
Mint Mumbai
|March 23, 2026
The conflict in West Asia hasn't just seen oil weaponized by Iran, it raises the potential of a currency war that might need to join the scenario calculus of RBI and other central banks
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As reports emerged last week on which ships Iran had let through the Strait of Hormuz, India-bound carriers of LPG among them, one group was no surprise: vessels carrying Iranian crude exports.
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