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#GateSquareAprilPostingChallenge Iran demands payment in digital currencies in ceasefire agreements, and the oil dollar may die
In a bold move challenging the traditional oil dollar system, Iran announced plans to demand payment in digital currencies for oil tankers passing through the Strait of Hormuz. According to Hamid Hosseini, spokesperson for Iran’s Oil, Gas, and Petrochemical Exporters Union, the fees are set at $1 per barrel of oil for loaded ships. For a fully loaded supertanker, these fees could reach $2 million dollars per crossing.
The main motivation behind this move is to circumvent international sanctions. Iranian authorities have designed a payment system where shipping companies must send shipment details via email to receive the fee amount. Payment, required in Bitcoin (BTC), must be completed within seconds. This rapid transaction window is designed to prevent tracking or seizure of funds by foreign regulatory agencies. Based on pre-war traffic levels approaching 20 million barrels per day, these digital fees could generate approximately $7.3 billion annually for Tehran.
This policy is based on severe military warnings. Radio broadcasts in the Gulf have warned that any vessel attempting to cross the strait without Iran’s approval and payment will face military strikes and possible destruction. Iran is also pushing for a new protocol requiring tankers to use the northern route near its coast, ensuring full oversight by its armed forces.
This demand creates a major geopolitical flashpoint. While President Donald Trump indicated that the ceasefire is contingent on the safe and immediate reopening of the strait, Iran’s 10-point plan includes maintaining control over the waterway and securing guarantees against future attacks. By enforcing settlements in digital currencies, Iran is not only seeking a lifeline against economic restrictions but also signaling a strategic shift that could weaken the entrenched dominance of the US dollar in global energy trade.
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