Iran Imposes Strait of Hormuz Crypto Tolls Despite Ceasefire

Iran demanded crypto-backed transit tolls during the two-week ceasefire with the United States.

“Iran eyes crypto toll for oil tanker transits through Strait of Hormuz, according to FT Iran plans to collect cryptocurrency and other digital payments as transit fees from fully loaded oil tankers passing through the Strait of Hormuz, said the report”

@coindesk

The toll will be about $1 per barrel for fully loaded tankers.

@coindesk

Vessels must email cargo details and then pay via cryptocurrency such as bitcoin.

The use of crypto ensures fees can’t be traced or confiscated due to sanctions.

Iran warned that any tanker passing without permission will be targeted.

Iran could direct traffic along the northern route closer to its coastline.

Bitcoin Magazine

A fully loaded supertanker could face charges approaching $2 million.

Shipping companies largely remain in a holding pattern.

The crypto tolls highlight how Iran is leveraging digital assets to maintain leverage.

“Source: Bloomberg Iran will collect cryptocurrency payments as transit fees from oil tankers passing through the Strait of Hormuz during the two-week ceasefire with the United States, according to an industry official, The Caspian Post reports, citing the Financial Times”

Caspian Post

Other regional exporters are likely to balk at Iran controlling the Strait.

The Channel remains a focal point of broader geopolitical contestation.

Trump expressed hope the tolling could lead to longer-term commerce resumption.