A Turkish newspaper, referring to Iran's economic and energy capabilities, emphasized that Tehran can use these capabilities to weaken the dollar's position in global trade and affect the balance of power in energy markets.
Publish dateMonday 6 April 2026 - 15:39
Story Code : 350098
Afghan Voice Agency (AVA): The Turkish newspaper Aydinlik reported that Iran's tightening control over the Strait of Hormuz could hit the petrodollar system and change the balance of power in global energy markets.
The report states that Iran's control over the Strait of Hormuz gives the country the power to influence global oil trade and weaken the dollar's position. Approximately 20 percent of the world's oil passes through the Strait of Hormuz, making it a vital point in the global energy system.
The report emphasizes that if Iran’s influence in the Strait of Hormuz continues to increase, Tehran will not only achieve significant economic gains but also gain powerful geopolitical leverage. Such a scenario could lead to some countries moving to substitute other currencies for energy payments, which would ultimately weaken the dollar’s position.
The report states that Iran's control over the Strait of Hormuz gives the country the power to influence global oil trade and weaken the dollar's position. Approximately 20 percent of the world's oil passes through the Strait of Hormuz, making it a vital point in the global energy system.
The report emphasizes that if Iran’s influence in the Strait of Hormuz continues to increase, Tehran will not only achieve significant economic gains but also gain powerful geopolitical leverage. Such a scenario could lead to some countries moving to substitute other currencies for energy payments, which would ultimately weaken the dollar’s position.
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