Iran plans to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz, according to a Financial Times report. This links bitcoin to one of the world’s most critical energy corridors and current events. The policy would apply to oil tankers seeking passage during a two-week ceasefire between Iran and the United States, announced after a shift in posture from Donald Trump. The arrangement aims to reopen a route that handles a large share of global oil flows while allowing Tehran to maintain control over access. According to statements attributed to Iranian officials, shipping firms would receive a payment request prior to transit. Once approved, vessels...
Iran plans to require shipping companies to pay transit tolls in Bitcoin for vessels passing through the Strait of Hormuz, according to a Financial Times report. This links bitcoin to one of the world’s most critical energy corridors and current events. The policy would apply to oil tankers seeking passage during a two-week ceasefire between Iran and the United States, announced after a shift in posture from Donald Trump. The arrangement aims to reopen a route that handles a large share of global oil flows while allowing Tehran to maintain control over access. According to statements attributed to Iranian officials, shipping firms would receive a payment request prior to transit. Once approved, vessels...
