TechFlow news: On April 8, according to the Financial Times, during a two-week ceasefire, Iran plans to impose cryptocurrency-denominated tolls on oil tankers passing through the Strait of Hormuz to maintain de facto control over this waterway.
Hamid Hosseini, spokesperson for Iran’s Union of Oil, Gas, and Petrochemical Exporters, stated that each tanker must pre-submit cargo information to Iranian authorities via email; Iran will then notify the vessel of the applicable toll amount. The fee is set at $1 per barrel of oil, while empty tankers may pass toll-free. Payments must be made in Bitcoin to circumvent asset-tracking and freezing risks arising from sanctions. Reportedly, vessels will have only a few seconds to complete payment after receiving Iran’s assessment.
