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Iran Demands Hormuz Oil Tanker to Pay Bitcoin as Passage Fee

2026.04.08 21:09:20

April 8th: The Financial Times reports Iran will require shipping companies to pay a cryptocurrency toll for oil tankers transiting the Strait of Hormuz during a two-week ceasefire, as part of efforts to maintain control of the waterway. Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said each tanker must email cargo details to Iranian authorities. After reviewing the info, Iran will notify the vessel of the toll amount—$1 per barrel of oil; empty tankers will be exempt. “Once we get the email and finish our assessment, the ship will have seconds to pay via Bitcoin,” Hosseini noted. “This ensures the payment can’t be traced or seized amid sanctions.”
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