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China and Iran have been pushing the de-dollarization agenda and US President Donald Trump is tackling the issue through sanctions. Trump’s first sanctions against Iran targeted three vessels carrying Iranian crude oil to China. The sanctions include one very-large crude carrier (VLCC) and two Aframaxes, reported the US Treasury Department. In addition, Trump sanctioned several entities and individuals involved in the crude oil trade between the two countries. Also Read: Currency: US Dollar Makes the Indian Rupee Collapse Therefore, the sanctions will make it harder for China to accept Iranian crude oil when it reaches the shores. Trump also warned that if China accepts the crude oil from Iran, they will not be allowed to conduct business in the US. Both China and Iran have been the frontrunners of the de-dollarization agenda and Trump is taking the bull by the horns. “I told China and other countries, if you buy from Iran, we will not let you do any business in this country and w...

Bitcoin slumped and oil prices surged as Israel vowed to make Iran pay for a missile attack, dampening Uptober optimism amid escalating hostilities in the Middle East. BTC tumbled more than 3% in the past 24 hours to trade at $61,672.54 as of 2:40 a.m. EST as the overall crypto market plunged 4.2% to a market capitalization of $2.17 trillion, according to CoinMarketCap.  Israeli Prime Minister Says Iran “Will Pay” For Missile Attack Iran fired about 200 ballistic missiles at Israel yesterday at around 7:30 p.m. local time, just hours after the US warned of an impending attack. Many of the missiles were intercepted, according to Israel’s Defense Forces.  “Iran made a big mistake tonight, and it will pay for it,” said Prime Minister Benjamin Netanyahu during a meeting with his security cabinet. In the following hours, the Israeli Defense Forces launched a counter strike against Hezbollah targets in Lebanon. The price of oil surged over 5% a...

The new BRICS member Iran proposed an ambitious de-dollarization campaign that could change bilateral oil and gas trade deals forever. The proposal, if implemented, could usher into a new era of oil trade leading to a paradigm shift in the energy sector. Iran is initiating all possible ways to advance the de-dollarization agenda and counter the global dominance of the US. Also Read: BRICS: Every African Country Preparing To Join the Alliance Read here to know the major US sector that will be affected if BRICS completely ditches the dollar for trade. De-dollarization is now an important goal of Iran to counter the US sanctions pressed on its economy. Iran is now proposing a new oil deal that will benefit the BRICS alliance and reduce dependency on the US. De-Dollarization: Iran Proposes to Supply Oil to All BRICS Countries Source: BBC BRICS member Iran proposed that it’s ready to supply oil and gas to all BRICS countries. The proposal states that in return, BRICS members can m...

Iran , the second-largest region in the Middle East has been enduring immense unrest. With anti-government protests intensifying, the crypto community has another reason to express concerns against the Iran ian government. A prominent Iran ian Bitcoin advocate, Ziya Sadr was reportedly nabbed by Iran ian security forces last month. While several believe that this arrest was due to his Bitcoin advocacy, a few others were still uncertain about details pertaining to his arrest. Nevertheless, the crypto community laid out support for Sadr. It was brought to light that Sadr was arrested in Tehran back on 19 September 2022. This was just two days after the protests for the death of 22-year Masha Amini took the front stage. During this time, Iran law enforcement was making a slew of arrests across the region. As mentioned earlier the grounds of his arrest were still under wraps. But, several spoke up in support of Sadr and noted how he wasn’t part of the protests. While Sadr was e...