VeeAmerica AWOL....
Billy SmithStory that I heard from one bod in The City, is that Iran will let ships go through if they are paid ~$2million, but they are only accepting payments in Yuan, not dollars...
@BillySmith ...I know... but only certain provenances....
They initially heard about it as rumour, but they started to make an increased short-term profit on Yuan trades.
The currency price for Yuan now takes this extra demand into account.