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Analysis: After Iran's Epic "Bitcoin Enhancement," 4000 BTC Expected During Ceasefire

2 hours ago

On April 8th, Iran announced it would require shipping companies to pay **Bitcoin-denominated transit fees** for oil tankers passing through the Strait of Hormuz during a two-week ceasefire. The rate is $1 per barrel of oil, while empty tankers sail for free. Payments must be completed within seconds after Iran confirms assessment and sends an email—this is intended to avoid the funds being traced or confiscated amid international sanctions. A senior source at the **International Energy Agency (IEA)** noted that if Hormuz traffic returns to normal during the ceasefire, roughly 20 million barrels of crude oil and petroleum products would pass through daily. This would translate to $20 million in Bitcoin for Iran each day, totaling an estimated $280 million (or ~4,000 Bitcoin at current prices) over the two-week period. BlockBeats clarifies this is a **theoretical calculation** based on typical weekday traffic. Actual figures may vary due to empty tanker exemptions, enforcement challenges, or reduced traffic from ongoing geopolitical tensions. Additionally, the implementation of the Bitcoin fee scheme remains unconfirmed.
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