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Iran demands that the Hormuz oil tanker pay in Bitcoin as a toll
According to the Financial Times, during the two-week ceasefire, Iran plans to impose a toll in cryptocurrency on oil tankers passing through the Strait of Hormuz to maintain actual control over the waterway.
Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters Union, stated that each tanker must declare cargo information to Iranian authorities via email in advance, and Iran will then notify the amount of toll due. The fee is set at $1 per barrel of oil, and empty tankers can pass for free. Payments must be made in btc-42">Bitcoin to circumvent the risks of asset tracking and freezing due to sanctions. It is reported that ships will have only a few seconds to complete the payment after receiving Iran's assessment results.
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