Iran eyes crypto toll for oil tanker transits through Strait of Hormuz
CoinDesk
Iran plans to charge cryptocurrency transit fees of $1 per barrel for fully loaded oil tankers passing through the Strait of Hormuz.Summary
Iran is introducing a cryptocurrency-based toll for oil tankers transiting the Strait of Hormuz during a two-week ceasefire with the U.S. According to Hamid Hosseini of the Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, fully loaded vessels will be charged $1 per barrel in digital assets, such as Bitcoin, to bypass traditional banking sanctions. The initiative aims to monitor cargo to prevent weapons transfers and help Iran generate funds for rebuilding infrastructure. Tankers must report cargo details via email to receive payment instructions, though empty vessels are exempt from the fee.
(Source：CoinDesk)