NEW: 🇮🇷 Iran is quietly relaxing currency controls and turning to crypto.
Tether and Bitcoin are increasingly being used to keep trade flowing under U.S. sanctions and the blockade, per FT.
#ChinaAugustCPIRises0.8%YoY #USStrikesTargetsNearHormuzAndJask #OilRisesToHighestSinceJuly #USDestroysFiveIranianOilTankers