Nah. This is the inevitable consequence of the BRI. Iran's already sanctioned to the hilt, so the only reason they're holding dollars is to do business with other dollar-holding nations that aren't afraid of being heavily sanctioned by the US in turn.
As business between Iran and China ramps up (inevitable, given that Iran has lots of mineral resources that Chinese manufacturers crave), Iran is going to have to do business in China's preferred currency. This is just a precursor to a longer term arrangement that the US has been forcing on Iran since '79.
Libya and Iraq got knocked over because they were weak, low-population nations with a relatively high domestic opposition. Iran doesn't have that problem (or we'd have invaded already) and it doesn't do enough USD denominated business for Americans to seriously care about the change over.
Nah. This is the inevitable consequence of the BRI. Iran's already sanctioned to the hilt, so the only reason they're holding dollars is to do business with other dollar-holding nations that aren't afraid of being heavily sanctioned by the US in turn.
As business between Iran and China ramps up (inevitable, given that Iran has lots of mineral resources that Chinese manufacturers crave), Iran is going to have to do business in China's preferred currency. This is just a precursor to a longer term arrangement that the US has been forcing on Iran since '79.
Libya and Iraq got knocked over because they were weak, low-population nations with a relatively high domestic opposition. Iran doesn't have that problem (or we'd have invaded already) and it doesn't do enough USD denominated business for Americans to seriously care about the change over.