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🇨🇳 Bank of Kunlun + SGE Gold: The Iran-China RMB-Oil-to-Gold Loop (Timeline)

⭕️ 2012: US sanctions Bank of Kunlun (CNPC-linked) for Iran deals—cuts it from USD system but makes it PERFECT for yuan payments. No US exposure to lose.

⭕️ Over years: Kunlun becomes main conduit for Iranian crude to Chinese “teapot” refineries (Shandong independents). Oil flows discounted, paid in RMB outside SWIFT.

Iran stacks yuan surpluses (tens of $B per Bloomberg est.). Can’t easily spend in dollars → converts excess RMB to PHYSICAL GOLD on Shanghai Gold Exchange (SGE).

⭕️ 2025: Bloomberg tracks SGE push—warehouses to HK/overseas, courting foreign CB gold storage, yuan gold benchmarks. China builds gold clout amid de-dollarization. Teapots keep lifting Iranian barrels despite US heat.

⭕️ 2026: US sanctions 5 teapots under EO 13902/13846 for Iran oil.

⭕️ May 2: China MOFCOM invokes Blocking Statute for FIRST TIME—orders firms NOT to comply with those US sanctions. Protects the whole Kunlun/teapot/SGE ecosystem.

⭕️ Result: Resilient sanctions-bypass loop—oil for RMB via Kunlun → gold via SGE. Accelerating decoupling. Bloomberg-reported reality.

What a system!
#Oil #Gold #Geoeconomics
(End)
 
^
  • President Donald Trump said the U.S. will attempt to “free” stranded cargo ships that have been trapped by the Strait of Hormuz closure since the war with Iran began.
  • The effort, which Trump dubbed “Project Freedom,” is set to begin Monday.
  • The strait has been largely impassable since the war broke out, stranding cargo vessels and choking off a key supply chain.
www.cnbc.com

Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure

Vessels have been largely unable to pass through the Strait of Hormuz for months, disrupting key supply chains.
www.cnbc.com www.cnbc.com
 
searcher

Post in thread 'Food Insecurity / Hunger'

Just a little food for thought. Take it fwiw and dyodd.

Financial Crash Expert: A Once In a Lifetime Crisis Is Coming​

Apr 26, 2026 #iranwar #globalfoodcrisis #financialcrash
Are oil prices really about to crash overnight? Could the Iran War trigger a global food crisis in just 3 months? What happens when a financial crash expert connects the dots between military escalation and the collapse of your food supply?In this video, our financial crash expert breaks down the real economic earthquake behind the US-Israel-Iran war — and why 54 food prices rising is just...
 
Currently MS Now is saying there's a possibility a U.S. Naval Warship has been hit. No clue if true or not but if it is true I expect things to get hot real quick.
 
^
*Note: This has not been confirmed as of yet.

Two missiles hit US warship trying to enter Strait of Hormuz, Iranian news agency says​

(Corrects first paragraph to make clear Jask is not an island but a port on the Gulf of Oman on Iran's southern coast)

By Tala Ramadan and Jacob Bogage

DUBAI/DORAL, Florida, May 4 (Reuters) - Iran's navy prevented "American-Zionist" warships entering the Strait of Hormuz on Monday, state TV reported, while the Fars news agency said two missiles had hit a U.S. warship near Jask on the Gulf of Oman after it ignored Iranian warnings.

Reuters could not independently verify the reports, and there was no immediate response from the United States.

More:

https://www.msn.com/en-us/news/worl...news-agency-says/ar-AA22lKE1?ocid=socialshare
 
It's going to blow up again.Too bad it's going to ruin the summer.
 
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