China and Iran built a bilateral trading system that moved millions of barrels of oil to China in exchange for infrastructure.

The BRICS countries are highly motivated ditch the US dollar across their banking systems, and thereby protect their own.

Iran’s closure of the Strait of Hormuz stopped most outbound oil shipments from Persian Gulf countries, except Iran itself.

The MOU between Iran and the United States will unfreeze $100 billion in sanctioned Iranian funds.

Closing scene, Wuhan, Hubei

Resources and links:

Dollar Architecture: How U.S. Sanctions Freeze Assets Abroad https://ofacblockedfundslawyers.com/us-sanctions-freeze-dollar-assets-abroad/

See Where Iran’s Billions of Dollars in Frozen Assets Are Held https://www.wsj.com/world/middle-east/iran-frozen-assets-7e926b39

Trump, Aiming at Iran, Puts a Squeeze on Iraq https://www.wsj.com/world/middle-east/trump-aiming-at-iran-puts-a-squeeze-on-iraq-d37622e8

The Trump-Iran Deal Allows Tehran to Immediately Sell Oil https://www.wsj.com/world/middle-east/the-trump-iran-deal-allows-tehran-to-immediately-sell-oil-37a1ebe5

How China Secretly Pays Iran for Oil and Avoids U.S. Sanctions https://www.wsj.com/world/middle-east/how-china-secretly-pays-iran-for-oil-and-avoids-u-s-sanctions-b6f1b71e

Now it’s oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks https://www.youtube.com/watch?v=uUyfVRwQk7E

Iran’s shadow oil trade endures near Singapore despite war https://www.france24.com/en/live-news/20260416-iran-s-shadow-oil-trade-endures-near-singapore-despite-war-1

Ships With Iran Oil Anchor Off India as Trump Announces Blockade https://www.bloomberg.com/news/articles/2026-04-13/ships-with-iran-oil-anchor-off-india-as-trump-announces-blockade

Iran still exporting millions of barrels of oil through Strait of Hormuz even as other traffic paralyzed https://edition.cnn.com/2026/03/16/business/iranian-oil-exports-hormuz-strait-intl-cmd

How the U.S. controls Iraq’s oil revenues https://www.reuters.com/business/energy/how-us-controls-iraqs-oil-revenues-2026-01-23/

U.S. Withholds Iraq’s Own Money Over Ties to Iran https://www.nytimes.com/2026/04/22/world/middleeast/iraq-us-dollars-shipment-iran.html

Sanctions List Search https://sanctionssearch.ofac.treas.gov/

China isn’t dumping dollars. They’re dumping banks, and setting up a new financial system. https://www.youtube.com/watch?v=DnzuR-kog-w