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Iran Demands Oil Tankers Pay Bitcoin as Toll Fees
According to the Financial Times, during a two-week ceasefire, Iran plans to charge toll fees denominated in cryptocurrency for oil tankers passing through the Strait of Hormuz to maintain actual control over the waterway.
Hamed Husseini, spokesperson for the Iranian Oil, Gas, and Petrochemical Products Exporters Union, stated that each oil tanker must declare cargo information to Iranian authorities via email in advance, and Iran will then notify the amount of toll fees due. The fee is set at $1 per barrel of oil, with empty tankers allowed to pass for free. Payment must be made in Bitcoin to avoid the risks of asset tracking and freezing caused by sanctions. It is reported that after receiving Iran’s assessment results, ships will have only a few seconds to complete the payment.