Iran eyes crypto toll for oil tanker transits through Strait of Hormuz, according to FT
CoinDesk·2h ago·Neutral
What Happened
Iran will collect cryptocurrency payments as transit fees from oil tankers passing through the Strait of Hormuz during a two-week ceasefire with the U.S., according to Iran's Oil, Gas and Petrochemical Products Exporters' Union spokesperson Hamid Hosseini. The toll will be calculated at $1 per barrel for fully loaded vessels. Iran says the measure helps monitor cargo to prevent weapons transfers. Empty tankers transit free. Bitcoin is cited as a potential payment method. Authorities will instruct vessels on digital asset settlement after email notification and assessment.
Key Entities
IranStrait of HormuzHamid HosseiniUnited StatesBitcoinOil tankersCryptocurrencyWestern sanctions