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Iran Can Smile Even in Dreams: After Being Under U.S. Sanctions for 40 Years, You End Up Getting Rich by Fighting Back Against the U.S.?
Iran has been tightly squeezed by the U.S. for 40 years—oil exports have dropped from 2.5 million barrels per day to 400,000 barrels per day, the currency has devalued 3 times in 3 years, with 1 USD equal to 1.45 million rials, food prices have surged by 72%, and nationwide protests have never stopped. Logically, the economy should have collapsed long ago, but after going head-to-head with the U.S. for a war, it unexpectedly opened up two new ways to make money.
The first: China Pays the Bill, Renminbi Paves the Way
Iran was kicked out of SWIFT, and the U.S. dollar was frozen solid like an ice pop. But China needs oil, and Iran has oil. In the mid-year 2021, China and Iran signed a 25-year agreement: the Chinese side invested $400 billion, and Iran supplies China with 1 million barrels of crude oil every day—receiving RMB directly! Kunlun Bank handled the settlement; with 180 billion RMB on hand, Iran can buy Chinese goods without needing to exchange currency, and the U.S. can’t freeze it either.
Once the conflict started, oil prices surged to $112. Iran earns an extra $24 million per day. Even more incredible: Iran turned the Strait of Hormuz into a toll station—want safe passage? Oil trades must be settled in RMB. Some oil tankers have already paid $2 million in “toll fees,” marking the first time RMB has been used as the settlement currency on this lifeline route. One-fifth of the world’s crude oil passes through here, and Iran effectively holds the global energy throat in its hands.
The second: Russia Steps In to Fill the Gap, Energy Worries Gone
Russia helps Iran breathe easier—transporting 1.8 billion cubic meters a year—and also invests $4 billion to develop Iran’s oil fields. The two sides sign a long-term strategic treaty: Russia promises to supply Iran with gas whenever it lacks supply. This corridor runs through the Caspian Sea, and the U.S. Navy can’t stop it at all.
With RMB settlement to the east securing income, and Russia securing energy security to the north. Iran still exports more than 2.4 million barrels of oil every day; income is nearly doubled. Add the Strait’s tolls, and tens of millions of dollars come in every day.
Of course, the underlying ordinary people still suffer—official inflation is 42%, and food prices have risen 72%. But at least, for now, Iran doesn’t have to worry about how to survive tomorrow. The two paths forced out by the U.S. instead became a life-saving lifeline.
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