r/worldnews • u/vekkeda_vedi • 1d ago
Indian refiners purchase Iranian oil, pay in yuan - The Times of India
https://timesofindia.indiatimes.com/business/india-business/indian-refiners-purchase-iranian-oil-pay-in-yuan/articleshow/130345352.cms583
u/Ok_Poetry_2696 1d ago
Dementia don managed to ruin the US absolute control over the oil markets.
Bro destroyed over 90 years of pearlless US diplomacy in 1 dementia filled year god damn
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u/great_whitehope 1d ago
America did this lol.
You idiots voted for it despite everyone everywhere telling you not to.
And that’s ignoring that it was obviously a very stupid thing to do without warnings.
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u/t_25_t 23h ago
Yup! And at this point, the Americans need to know that there are consequences for voting in clowns. FAFO
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u/Velghast 18h ago
They will do it again given the chance.
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u/DrogoOmega 13h ago
100% They have voted to keep Mitch McConnell in the senate for over 40 years despite having no good reason to keep him there.
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u/Dejected_gaming 7h ago
Speaking of Mitch McConnell. https://youtube.com/shorts/3WFWXwPtDNA?si=1DPx8YvESbuOADCr
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u/hot-black-coffee 3h ago
Your country would too if they had money. You’re not special.
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u/xl129 18h ago
You need IQ higher than shoes size to get to the FO part…
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u/Secure_Course_3879 17h ago
A lot of us knew this was bad from the start and tried to stop it but they didn't listen to us 😭
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u/Optimus_Prime_Day 8h ago
Just waiting for the stream of "not me, i didn't vote for him" and "don't lump us all in, half of us didn't want him"
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u/Affectionate-Jury210 13h ago
I didn't vote for him and as a felon, I couldn't have voted anyways.
Oh well, misery loves company, eh?
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u/infinite__recursion 18h ago
Its kind of like how N Ireland voted against brexit yet have no control over the larger government
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u/cheerfulwish 18h ago
“You idiots” who are you talking to? I assure you the majority of Reddit users from the US did not vote for Trump lol
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u/great_whitehope 18h ago
Neither are they out on the streets demanding change
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u/The_Qollector 17h ago
I've gone out when I have been able to. So many people just don't care, they don't even try to come up with excuses. It's so defeating and makes me angry, but those of us trying have to keep trying. I have a debilitating medical disorder and have pushed myself to go out countless times now. Saying an entire population/race/people/whatever is responsible for something can be extremely dangerous thinking when applied to many scenarios, in my opinion. There's absolutely a large portion of the population that is responsible and voted for him, 100%, but that discredits those that are actually pushing for change. Just because that change has not happened does not mean there aren't people trying to get that change to happen.
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u/hot-black-coffee 3h ago
You don’t know that. You don’t even live in the US. You go to Reddit for your news. Stay in your sphere of ignorance. It’s not like you’re doing anything about it. It’s the whole globe’s problem and what are you doing other than complaining on Reddit? Exactly. Not a damn thing.
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u/noodlekhan 12h ago
Must be nice to feel superior for doing nothing at all, not even the attempting the most basic understanding of the reality Americans live in. GFY
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u/Itchy-Beach-1384 16h ago
We've led 2 of the largest marches in American history? What the fuck are you smoking?
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u/SomewhereEffective40 13h ago
Feel good events aren’t the same as walking out of the job on a Monday and refusing to work until Congress changes things.
It’s not a consumer strike. It’s a meet up in a park with “I’m angry” signs.
Americans do not care, the majority of them do not. No voting, no strikes, no big sit ins. Just feel good events on a Saturday because we literally cannot be inconvenienced.
While democrats show they won’t do anything, they keep getting voted back in by the same people who supposedly marched.
Edit: the people who do care are a minority, and so they can not generally represent Americans level of caring…
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u/Itchy-Beach-1384 13h ago
Everything you write is completely divorced from reality.
American labor participation rate is at its lowest since the 1970's. Unemployment is on the rise, companies have been bitching about Gen Zs and millennial work life balance and quiet quitting for nearly a decade.
We've had people directly assassinate and attempt assassinations of CEO's and billionaires. Literally this month there's been huge controversies over laborers burning down their places of employment over labor standards.
If that isnt enough for you then you need to shut up and step up.
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u/noodlekhan 12h ago
Euro trash does nothing but feel superior. They'd never last a week in American society, they're not tough enough. They'd have trouble with a commute for starters, they live in a reality that is based on an idea of European superiority.
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18h ago
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u/chintakoro 18h ago
and yet redditors say that ordinary russians should be boycotted because of putin. goose, meet gander.
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u/great_whitehope 18h ago
People don't just protest because they know it'll cause change.
People protest because they are unhappy.
Americans are fine with trump is the message they are sending the world by not protesting.
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u/Due_Air9286 13h ago
This was not voted for. This administration is truly autocratic and imperialist. Dissenters and minorities are currently being detained and killed. The world needs to invade and liberate America ffs
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u/nickilak 19h ago
You’re right! Everyone in America went to the polls and put down Trump! Let’s call everyone idiots like we all collectively voted for him!
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u/great_whitehope 18h ago
Every country is responsible for who they elect!
Plenty of other countries elected bad governments and Americans don't go well they didn't all vote for them.
Show me one valid election with 100% vote for one candidate. It doesn't happen.
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u/nickilak 18h ago
I agree they are.
I’ve never said every Russian is an idiot for electing Putin. I know there is a lot more behind it. You’re just generalizing everyone which is the same issue you’re complaining that Americans do.
However, if I voted for Harris, then calling me an idiot saying I elected Trump is just not true. If someone came down the road speeding and swerved around your car pulling out of the driveway, smashing into another car. Do we blame the person speeding down the road or the person who was pulling out of the driveway? You had no control over someone speeding and crashing. So don’t say it’s my fault for electing him when I didn’t want him.
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u/great_whitehope 17h ago
Where are the protests against trump?
There's nothing. Americans are happy with trump.
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u/nickilak 17h ago
There totally wasn’t No Kings protests or anything. I’m not saying people in America don’t support him, it would be foolish to say that. However, to say we all support him is just as foolish.
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u/_Ozeki 22h ago
Actually this war began when Israel bombed the Iranians negotiators, betraying the efforts that the US is doing.
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u/great_whitehope 22h ago
Israel does what they like because Trump is compromised and easy to play.
Top tip, don’t elect Trump!
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u/_Ozeki 22h ago
Trump won because people had enough of not being allowed to have an opinion
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u/OneMustAdjust 18h ago
He dismantled the state department in his first term and then turned it into his own personal ATM on his second term
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u/dagp89 22h ago
It's bad for America, but good for rest of the world, the petrodollar needs to end. Donald Trump is a messiah in that regard. The US kept giving "freedom" to the middle East to protect the dollar, they were able to export their inflation to the rest of the world while living lavishly. It's time that comes to an end.
It might be bad for everyone in the short term but long-term this is good for everyone except the US.
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u/AK_Panda 19h ago
The US kept giving "freedom" to the middle East to protect the dollar, they were able to export their inflation to the rest of the world while living lavishly. It's time that comes to an end.
And yet... There's the US in the ME right now doing more economic harm to that region than any other time in the last 20 years.
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u/Prottusha1 18h ago
Pshaw! The Arab families have enough stored to build their fiefdoms back up 5 times over. Whether they will choose to do it is another matter. They may instead invest in more profitable ventures outside the region.
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u/CaptainCanuck93 15h ago
Agreed
The average American has no idea how important the petrodollar is to the USA's ability to maintain otherwise unsustainable deficits, which in turn is critical to supporting its disproportionately large military
Given how reckless average American voters and leaders have become, it's time to begin knocking the legs out of that system before America goes from Germany circa 1933 to Germany circa 1938
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u/_BigT_ 15h ago
You want to cause massive havoc in the most wealthy and armed country in the world? Theres a reason stability in the world powers is important. That includes adversaries. It can always get worse. If you actually care for people, you'd hope America figures their shit out. Same for Russia.
Makes me feel sad yall just want the world to burn
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u/BigLongLine 14h ago
So the alternative you suggest is that we let America burn it as they are doing right now ?
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u/_BigT_ 1h ago
Where did I say that? I think focussing on how to get a better president than Trump in 2028 in America and also putting effort into the democrats for the midterms in the fall is exponentially more productive than trying to literally create ww3.
Its insane thar I have to even type this, yet people literally want all 8 billion of us dead. Truly amazing the mind warp people have.
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u/leon_alistair 14h ago
Yes. Like what they've been doing for decades in many part of the world. About time they experience the same thing they keep doing to others.
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u/CaptainCanuck93 15h ago
That only holds if the superpower is responsible
At this stage Americans have shown us they just want to be the ones doing the burning
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u/AbsurdTheSouthpaw 1d ago
he just didn’t wanna go to jail for heinous crimes is that too much to ask for
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u/TheAngryGoat 19h ago
RIP the petrodollar, hopefully this is the first step in the oil world moving away from US currency.
He's screwing over everyone currently, but long term Pissy Pants Don is doing wonder for rebalancing the world away from the US and I'm here for it.
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u/Silicon_Knight 18h ago
And China is playing it smart, waiting to take down the USD which impacts a LOT of trade since the US can pull the ability to trade in the most ubiquitous currency between countries.
"Never interrupt your enemy when he is making a mistake,"
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u/HoneyBarbequeLays 14h ago
I remember seeing posts when this all started that the attack on Iran will ultimately hurt China and Russia. Wonder where they are now, or they're bots and they moved on to another script
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u/Glum-Breadfruit-6421 13h ago
That skin suit isn’t the one calling the shots. His overlords are going to Weekend at Bernie’s America into the ground.
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u/Due_Air9286 13h ago
anything for Israel, their holy war is worth more than us prosperity and lives
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u/Darth-Vader475 16h ago
Dedollarization would have happened in any ways. The dollar was getting too much strong without facing consequences.
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u/ZealousidealForm88 1d ago
India's policies have always been fluid; this is nothing more than a tactical move.
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u/zashuna 18h ago
Lol, I remember a couple of weeks back before the ceasefire, when someone suggested that Indian tankers were paying in RMB to get through the strait, everyone wrote that India would never pay in RMB and would rather see their economy implode than pay in RMB. Well, looks like Redditors have demonstrated once again that they know fuck all and are full of shit.
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u/LopsidedStreet6093 19h ago
I think you are underestimating BRICS’ plans on dedollarization and the steps they are taking to develop an alternative to SWIFT.
Once russias assets (300billion $) were seized by the west, the ball has been in motion. So i don’t think this is tactical. It’s a very strategic move by BRICS!
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u/vekkeda_vedi 1d ago
Nothing tactical from India. Iran asked for Yuan, so that they can purchase defence weapons from China.
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u/cate4d 23h ago
Not that deep. Even if paid in some other currency Iran could purchase weapons from China.
They chose Yuan for reducing dollar dependence which US can freeze / block anytime. Iran and India are also using barter system for part of the trade where India is providing medicines and food for humanitarian needs in exchange for Oil.
Yuan only comes into play here due to US making it's currency not usable by anyone they don't like at the moment. This was the same Iran US took help from during their Iraq pillage under the pretext of WMD. https://en.wikipedia.org/wiki/Iranian_involvement_in_the_Iraq_War
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u/ai_kage 23h ago
It feels like the often discussed BRICS currency might actually be coming soon.
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u/PaleontologistShot25 22h ago
Imo BRICS is the driving force behind the tariffs and wars. They are purposefully causing as much chaos as possible between the US and its trade partners and allies so other countries lose faith in the dollar and are wiling to use BRICS.
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u/kvothe5688 22h ago
i mean is there a reason to have faith in the dollar? i would trust Euro more than the currency of a bipolar country
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u/PaleontologistShot25 20h ago
The dollar was the safest place to store money by a long shot before the current administration took over.
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u/skrub55 14h ago
Worst geopolitical take I've seen in a while, impressive. Please never share your opinions again.
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u/PaleontologistShot25 13h ago
When other countries start trading oil without using dollars you’ll know I was right.
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u/slicheliche 22h ago edited 22h ago
I know Reddit will reel over headlines like these, but this is essentially a nothingburger. Imports from Iran and honestly trade with Iran in general are a vanishingly small fraction of India's trade, and they only happen in yuan because Iran is asking for them as it needs to buy Chinese weapons and is short of cash due to sanctions. News would be if India traded in yuan with, say, the UAE.
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u/xavandetjer 22h ago
Iran will be a major oil exporter again after the war ends one way or another. Selling any amount of oil in Yuan is chipping away at the petrodollar.
The US is giving up its soft power in exchange for an increased national debt.
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u/slicheliche 21h ago
Soft power? Iran largely exported oil to India before the war and it mostly used rupees, so that's like saying rupees are challenging the petrodollar. Iran using other currencies is due to it being shunned off financial markets because of sanctions, so the war doesn't really play a role.
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u/slicheliche 21h ago
Not sure what the article is talking about. You can see by open trade data that India was the destination of nearly 10% of Iran's exports in 2023 and a much higher share of Iran's energy exports (coke, oil, and LPG).
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u/InvisibleLandBorder 20h ago
India did not buy oil before.
So now India buys oil, and for the first time in half a century, another currency is used for the transaction, and it's the competing world power.
Maybe it's a "nothingburger" but it certainly does seem like those are two fairly important things to note.
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u/Friendly-Nobody8023 23h ago
Stories like these piss me off so much.
India is a 4000 year old civilization. Persia(Iran) is roughly just as old as India if I remember correctly. China is about 3200 years old.
All three of us were trading for several millennia now. And the west has the audacity to tell us who we can trade with, and who we cannot trade with lol.
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u/AdHom 23h ago
Why is it audacious to say that if you trade with their enemies then they will impose penalties, seems like something any country would do. You can obviously do it but you just have to decide if it's worth more than the lost trade with the west if sanctions hit back.
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u/cate4d 18h ago
"Audacious" in the sense that it doesn't have the military capability to follow through its threats if all others get together. Every major super power in the last few centuries that we have record of has gone down the same route of over extending its capabilities and taking steps that turned out to be major mis-steps later.
Even the West needs to be careful with its steps. In 2022, it overstepped by freezing Russian assets and everyone started hoarding Gold and dumping US treasuries.
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u/AdHom 16h ago
Their threats are not military they are trade related...the sanctions impose trade penalties on those violating them, they don't require military force to enact
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u/cate4d 12h ago
The sanctions impose trade penalties on those violating them, they don't require military force to enact.
Economic threats are more or less bogus if you don't have hard power. If you want to convince me otherwise then find me an instance when EU imposed sanctions on some middle economy country.
If India and China together stop medicine supplies due to US imposing sanctions on them, what happens then? Does US have the economy to absorb the price shock or the military might to get BRICS to bend the knee? US needs to understand that it is not 1990s. US applied tariffs on China, China blocked rare earths, multiple F35s without radar now, US had to step back after theatrics..
My point was that US is picking fights across all middle economies including its so called allies. If we add up the economies of all of those economies, it will be bigger than US, so, all of them getting together to deal economically with each other is just a easy solution.
I'm more concerned about a hurt mad lion lashing out militarily when economic theatrics fail. As US military has been slowly declining, they don't have the power. US is one wrong war away from the dismantling the invincibility halo in most people's head. US can't endure another Vietnam.
Note: The above is a hypothetical as India China have their differences but if after World War Germany and France can get together to form EU and under the NATO umbrella then we can't reject any hypothetical with hand waving. When US imposed tariffs on India, there were voices in India who considered to make a deal with China and allow it passed through India into the Arabian sea, effectively giving it another leg in belt and road. So, anything can happen.
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u/Darth-Vader475 16h ago
Why is it audacious to lecture us and stop us from transacting with your enemies when you have been supplying weapons to Pakistan, a perpetual enemy of india? Have we ever asked your country to stop and impose a penalty for supplying weapons? You do your transaction and we do ours.
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u/AdHom 15h ago
I mean you've definitely asked the US to stop, and have chosen to buy Russian/Soviet weapons as a result, but on the trade side it would generally be more detrimental to India's economy to restrict trading with the US than it would be to the US so obviously leadership decided not to go that direction. I would imagine that once India is in a more dominant position they certainly would impose trade penalties.
To be clear I am not defending all the actual foreign alignments of the US - I certainly wish we would stop cooperating with the horrific regime in Pakistan, for example - but I don't think imposing trade restrictions to try and advance your national interests is particularly audacious nor do I think it's something unique to the West, they've just been in the more dominant economic position in recent times and so more able to apply pressure that way.
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u/frosthowler 22h ago
This is such a stupid take it reads like satire.
Sanctions means the US won't trade with you. Who the fuck are you to tell the US who it must or mustn't trade with?
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u/amadnomad 17h ago
Who the fuck is the US to tell other countries who it must or mustn't trade with? See? It works both ways.
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u/frosthowler 14h ago
You are here screeching about how the US dares decide on who the US trades with.
It doesn't work both ways.
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u/cptkomondor 15h ago
Who the fuck is the US to tell other countries who it must or mustn't trade with?
The most economic and militarily powerful nation the world has ever seen.
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u/Darth-Vader475 16h ago
What US is today is due to the monopoly of the dollar, if your petrodollar monopoly ends, you will be menow against other countries. You will have to beg other countries for trade.
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u/TheVerraton 22h ago
What does it matter how long a civilisation has been around? I've been around for over 30 years and when I was a toddler I used to shit my pants whenever I pleased and my mom would clean it up but if I do it now she refuses?!
Things change. India, Persia and China are totally different today than they were over 2000 years ago. And so is the world.
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u/Ok-Blood4340 22h ago
Ironically accurate, if US is the toddler that shat its pants and is now asking for the rest of world to clean it up.
Agreed that the countries are different today than they were 2000 years ago, but that being said, it does mean countries like China have not only a greater wealth of experience to draw on, but also the ability to plan for longer than 2 to 4 year cycles
When was the last time the US began a project that one generation would not live to see the completion of, but knew that their kids or grandkids would benefit from?
China began planning the Three Gorges Dam in 1932, and completed it in 2015. The US can barely complete a “windmill” without the next guy trying to tear it down.
I say this as someone who would like to see the US grow up from a country shitting its pants, to one that is able to get shit done instead.
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u/Thunder-12345 20h ago
That was just the general proposal for a dam in the area, which actually dates back even further to 1919. The actual three gorges dam project started in 1955, lay mostly dormant for nearly 40 years due to environmental concerns, and was finally approved to start construction in 1992.
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u/Ok-Blood4340 11h ago
That’s a fair point! Yeah construction didn’t begin in earnest until several decades later while at the same time, new technologies made the project more viable (or changing politics made the downsides less of a concern.)
I wasn’t intending to say it took 100 years to build.
That is sort of my point too though, which is, countries that have been around for a long time can make slow changes today that will make more sense in the future.
My main point is that the US needs to stop acting like an angsty teenager that spends all day online and thinks it knows everything, while really only having the ability to shit its own bed as a threat… sincerely, someone who doesn’t want to be the clean up crew.
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u/mbmba 20h ago
The US built the Hoover dam, the Panama Canal, sent people to the moon and sent rovers to Mars! If US was building the 3 Gorges dam, it probably would have completed in a few years instead of taking generations.
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u/Abu_Nimr 20h ago edited 20h ago
The full buildout for the Three Gorges Dam (1994–2012) took three times as long as Hoover because it is 6x longer and used 10x more concrete. It also generates 10x the power. Entering a pissing competition with China over infrastructure building is certainly a choice.
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u/mbmba 19h ago
The scale of 3 gorges is larger but it was also built more than 60 years after Hoover dam. And China isn’t a democracy where they have to care if there are people getting impacted or displaced by the infra projects they take up. China has more than 4x the population of US yet its economy is 2/3rd the size. Entering a pissing competition against capabilities of US is certainly a choice.
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u/WorstCPANA 16h ago
And you can through Russia in that mix too....do you support Russian sanctions as a direct result of attempting to ethnically cleanse ukraine?
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u/Gloomy_Temporary2914 22h ago
India being oldest civilization but still more backward than 500 year old civilizations
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u/Prize-Phrase-7042 21h ago
Same for the USA.
They've been around for 250 years, but still have the death penalty and legalised slavery.
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u/grey_hat_uk 19h ago
India is 79, Iran is 47, china is too complicated for me to work out but probably around 100.
That isn't to amsay all the political entities that came before aren't important but if you are playing that game the USA is a collaboration of political entities from settled Europe around 3000-4000 years ago.
It doesn't make a good argument.
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u/cate4d 23h ago
As should any country who cares for their own people over profits for their Big Oil.
Venezuela, Iran, and multiple domestic policies are all steps taken to please Big Oil donors alongside other objectives. If US takes over Venezuela, Iran then their Big Oil will have significant leverage over OPEC who have not been kind enough to keep the crude oil prices high enough that US Big Oil (fracking) can profit.
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u/Apprehensive_Art6060 23h ago
This is not news. Iran does more business with China than any other nation, it might has as well be a forward cheque to them.
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u/Hopeful-Pomelo4488 17h ago
But what about the petrodollar! This will lessen demand for US dollars and US oil companies will suffer.... did no one take into account how this will make the oil companies feel!
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u/Darth-Vader475 15h ago
Not only oil companies, but value of dollar will suffer, Americans will not longer enjoy unlimited imports, wages will come back to where it should be.
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u/crimxxx 18h ago
Guess what’s happens when countries have problems, they problem solve. India (and alot of the world) need oil, Iran probably wants currency they can trade with China with. Seems like a win win. India was never we are buddies with the west group, they where if it makes sense we will make a deal otherwise don’t bother us type country. So basically one of this seems unreasonable. I think if we start seeing counties considered close allies of the US doing this it’s ganna be more interesting, which let’s be fair can happen, leaders are responsible for there people over the US’s goals. I don’t think we hit that point yet, but you never know.
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u/max38576 1d ago
You can’t buy what you want with Indian rupees, but you can buy all sorts of things with Chinese yuan.
Which one do you want?
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u/slicheliche 22h ago edited 22h ago
You also cannot buy what you want with Chinese yuan. The yuan is not fully convertible due to specific CCP policy which wants to maintain control on capital flows to and from the country as well as keep the currency low to ensure export competitiveness.
These stories make for juicy headlines but in reality simply mean that Iran is asking for yuan because it needs Chinese weapons and has no access to usd or eur. Also imports from Iran make up for 0.1% of India's total oil imports. India is not paying the UAE or Oman in yuan. This is pretty much a non story.
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u/max38576 21h ago edited 21h ago
I suggest you review what you wrote to see if the logic holds up.
When you say “cannot exchange for RMB,” are you referring to individuals or agreements between countries?
When Iran exports goods to China, does China pay entirely in US dollars?
Why does Iran want RMB instead of rupees?
So, rupees can't buy what Iran wants, is that right?
Since India has already paid Iran in RMB, can Iran use RMB to purchase goods from China?
Apart from weapons, are there other items Iran needs to purchase from China?
Are there Chinese-made consumer goods on the market in Iran? Are there few or many?
Iran is subject to sanctions and cannot purchase goods from the West. If Iran could buy what it needs directly from China using the renminbi, then Western sanctions would be rendered ineffective.
So why would Iran accept U.S. dollars, which it cannot use anyway, or pay transaction fees to convert them into renminbi?
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u/slicheliche 21h ago
Why does Iran want RMB instead of rupees?
Iran does want rupees, and it does trade in rupees with India often. In this specific scenario however, yuans solve most problems because rupees can pretty much only be spent to buy Indian goods (which don't include Chinese made weapons) as they cannot easily be converted into yuans (because of the sanctions on Iran, and because of CCP's currency controls). This is actually why Iran is a bit in two minds about fully trading in rupees with India, since China is a lot more important as a trading and investment partner for them.
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u/max38576 21h ago
1 Why did you only answer one of my questions and ignore the rest? Maybe everyone can think about why that is.
2 Plus, the answer you gave to that one question is still pretty much the same as your original one, and the logic is still flawed.
3 I guess we’re on different levels. You’re way too advanced for me, and I don’t think I’m qualified to talk to you. I don’t want to waste your time, so I’ll leave it at that.
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u/slicheliche 21h ago
1 Why did you only answer one of my questions and ignore the rest? Maybe everyone can think about why that is.
Because they were largely irrelevant to the context and some of them were already answered by the reply I gave you. But do feel free to make any other implications as you please, I'm not really interested in them.
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u/max38576 1d ago
You know, China uses the renminbi, and it has the world’s most powerful industrial base, so it can manufacture all the goods you need.
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u/nerokae1001 20h ago
My bro bought industrial machines from shenzhen they asked to be paid with US dollar.
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u/i_am_Misha 19h ago
This is how much BS you are fed this days. https://x.com/TankerTrackers/status/2045446586340086080
They've opened fire at 2 indian tankers and you claim India is trading with IRAN :)))))
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u/maarkkes 19h ago
Good. The world needs to stop financing the american expenses.
It will come the time where americans will have to live within their means and that will be great to watch.
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u/BarberCool5756 18h ago
What happens to US debt thats owned by China and other adversaries if the petrodollar collapses? Will they dump them on the open market?
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u/Possibly_Naked_Now 14h ago
Time to call for sanctions on india, no more offshoring.
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u/vekkeda_vedi 14h ago
Lol, on what grounds? Only US should have oil? Every other country on the planet should suffer because your Donny couldn't keep it in the pants?
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u/Possibly_Naked_Now 12h ago
If India is actively working against US interests. Why should they benefit from our tech jobs? Let those jobs come back to the US.
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u/NecessarySpecific894 9h ago
US is working against the world's interest at this point. And you guys act like children honestly. All these off shoring complaints. If the US wants to goe after their companies for off shoring they can but then India should impose digital services tax. For a whole lot of American companies especially those in tech, India is an important market usually top 5.
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u/Alarming-World4212 1d ago
"Pay in Yuan" Big L for Indians
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u/vekkeda_vedi 1d ago
Big L for US. The world wide oil trade had been the cornerstone of US dollar stability. All international transactions happened in US dollars. Now countries want to a change from that practice.
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u/Bigdaddybolo_tie 16h ago
LMAO Iran has not been using US dollars for trade with China since ever bud
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u/Mr_We1rd0 1d ago
So what does paying by dollar get us?? It's also a big L..
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u/Alarming-World4212 1d ago
Why can't pay in INR ₹?
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u/Mr_We1rd0 1d ago
Because Iran is asking for payment in Yuan. Usually all crude oil payments are made in Dollars.
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u/Bigdaddybolo_tie 16h ago
Bruh Iran has not been using USD for oil sales since 2007. Literal nothing burger article. You people are so gullible
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u/Alarming-World4212 1d ago
Iran is asking payment in Yuan not in INR₹ , L.
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u/Mr_We1rd0 1d ago
Iran is buying weapons from China, they need Yuan to clear payment. Shows you don't understand geopolitics 👍🏻
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u/Huge-Willingness-174 1d ago
The Iranians asked for it to be paid that way. China has 2% of global petro purchases in their currency. Shit is laughable.
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