> The most important aspect of the "toll" is that Iran prefers payment in yuan, not dollars.

> If Iran succeeds in nationalizing the Straight and is successful in enforcing the toll, it represents a very serious threat to the dominance of the U.S. Dollar as the world's reserve currency for trading energy.

This theory seems to predict that CNY/USD should have gone up since Feb 27 as everyone rushes to trade and obtain yuan so they can pay the Iranians. But in fact the opposite is the case; that currency pair peaked Feb 27 after a bull run (well, only about +7%) since approximately "liberation day".