Iran's crypto tanker tolls are the latest step in its sanctions‑busting trade network

What Happened

Iran now accepts cryptocurrency payments from cargo ships transiting the Strait of Hormuz, according to an Iranian oil exporters union spokesperson. The toll is $1 per barrel, with large tankers carrying up to two million barrels. Blockchain analysts confirm Iran's Islamic Revolutionary Guard Corps has used cryptocurrency for years to facilitate international oil sales despite sanctions. Recent cryptocurrency transactions linked to Iran-backed networks totaled hundreds of millions of dollars annually.

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