Iran is considering allowing a limited number of oil tankers to pass through the Strait of Hormuz, provided that the cargo is traded in Chinese yuan, a senior Iranian official told CNN.

The Reuters Iran Briefing newsletter keeps you informed with the latest developments and analysis of the Iran war.

The US-Israeli war on Iran has threatened Gulf ports and disrupted global trade through the Strait of Hormuz, which is a vital passage for 20 per cent of the world's oil and gas supply.