Gold and Geopolitics
Qatar reportedly paid Iran $6 billion to stop the attacks. Their Foreign Ministry: “Iran has been here for millennia. It’s not going anywhere”.
Spain apparently transits Hormuz for free. India is paying in yuan. Japan is paying for passage in renminbi.
6 tankers got through on March 24. Down from 128 per day pre-war. Each paying $2 million. In yuan, cash, or USDT on the Tron blockchain. 3-second settlement. The IRGC is running a maritime toll system with better payment infrastructure than most European governments.
Iran’s parliament is - between the hourly sheltertrips - legislating the arrangement formally. This blockade won’t end when the shooting ends. This is a new governance framework over the most important waterway on earth. Unwinding it requires either military force or a negotiated settlement. Neither happens in weeks. Nor in Bessent’s “50 days of temporary elevated prices”.
#iran #oil #politics #war
https://no01.substack.com/p/march-22-26-invisible-wounds