The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port

This is where the real war is taking place:  the battle for reserve currency status.  China doesn't wish for the yuan to replace the dollar--such a dramatic shift would cause major dislocations in global financial markets.

But China does want to create a multi-polar currency world--one where the current reserve currency, the petrodollar--can no longer fund wars not in the best interests of China and its trading partners, to include Russia and Iran.

The implications of the dollar losing its hegemony privilege have been discussed many times.  America will no longer be able to fund its profligate spending from foreign buyers of its debt.  It will no longer be able to create dollars out of thin air, without severe consequences to the purchasing power of the dollar.

And we'll see rising prices across the board--not just in fuel, but EVERYTHING as energy sources are used to transport all tangible items in an economy.

http://www.zerohedge.com/news/2014-09-21/petroyuan-cometh-china-docks-navy-destroyer-irans-strait-hormuz-port