Bitcoin payments allowed for Hormuz tanker tolls as Iran seeks up to $2 million per ship: FT
The Block
Iran is introducing transit fees for oil tankers in the Strait of Hormuz, accepting cryptocurrency payments to bypass the U.S. dollar system.Summary
Iran is implementing transit tolls for oil tankers navigating the Strait of Hormuz, charging approximately $1 per barrel. These fees, which could reach $2 million per vessel, are payable in cryptocurrencies like Bitcoin or the Chinese yuan. This move is part of a broader strategy to mitigate the impact of international sanctions and reduce reliance on the U.S. dollar financial system.
(Source：The Block)