The New Oil Kings: How the Hormuz Crisis is Shifting Power from Dollar to Yuan

The ongoing US- Iran confrontation has pushed the global energy market into a critical state, with Brent crude oil prices hovering $91- $92 per barrel (as of May 31, 2026) after skyrocketing past the $100 mark earlier this month. This spike is heavily dependent on the volatile situation at one of the world’s most cruc…