Analysts Dismiss Iran War's Impact on Petroyuan Shift

Franklin Templeton and Brown Brothers Harriman analysts have dismissed claims that the ongoing conflict involving Iran could hasten a shift towards the petroyuan. According to NS3.AI, Elias Haddad highlighted that the yuan constitutes merely 3% of global central bank reserves, indicating limited influence in the international monetary system. Sonal Desai further emphasized that oil exporters continue to favor the US dollar due to its deeper capital markets and robust legal protections, reinforcing its status as the preferred currency for global trade.