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

Iran Launches Week-Long Straits Of Hormuz Naval Drill On Friday, Next To US Aircraft Carrier

http://www.zerohedge.com/news/2012-12-25/iran-launches-week-long-straits-hormuz-naval-drill-friday-next-us-aircraft-carrier

Three US Aircraft Carriers Now In The Middle East With Fourth En Route

http://www.zerohedge.com/news/three-us-aircraft-carriers-now-middle-east-fourth-en-route

U.S. Adds Forces in Persian Gulf, a Signal to Iran

...and here comes the US military response to Iran's threats of closing the Strait of Hormuz.

http://www.nytimes.com/2012/07/03/world/middleeast/us-adds-forces-in-persian-gulf-a-signal-to-iran.html?_r=2&nl=todaysheadlines&emc=edit_th_20120703

Iran drafts bill to close Strait of Hormuz

If true, crude oil prices will skyrocket.

http://www.digitaljournal.com/article/327858

Iran threatens to close strait if new sanctions begin

http://news.yahoo.com/iran-threatens-close-strait-sanctions-begin-140804744.html

‘SWIFT’ Reaction: Iran May Block Oil Exports

http://www.israelnationalnews.com/News/News.aspx/153853#.T2Z6QNXmOgl

USS Abraham Lincoln in Strait of Hormuz voyage

http://www.bbc.co.uk/news/world-middle-east-17027768

SocGen Lays It Out: "EU Iran Embargo: Brent $125-150. Straits Of Hormuz Shut: $150-200"

http://www.zerohedge.com/news/socgen-lays-it-out-eu-iran-embargo-brent-125-150-straits-hormuz-shut-150-200

Oil May Rise as Iran Threatens to Block Strait, Survey Shows

http://www.bloomberg.com/news/2011-12-30/oil-may-rise-as-iran-threatens-to-block-strait-survey-shows.html

U.S. Fifth Fleet says won't allow Hormuz disruption

http://www.reuters.com/article/2011/12/28/us-iran-hormuz-closure-idUSTRE7BR09E20111228

IRAN: 'Not A Drop Of Oil Will Pass Through The Strait' If Sanctions Increase

http://www.businessinsider.com/iran-says-no-oil-will-pass-through-the-strait-of-hormuz-if-we-sanction-their-oil-exports-2011-12#ixzz1hkbprVNc

Iran navy starts 10-day wargame in Strait of Hormuz

http://uk.reuters.com/article/2011/12/24/uk-iran-navy-wargame-idUKTRE7BN03N20111224