Strait of Hormuz toll? Iran to demand crypto payment from shipping firms – report

Under the proposed system, tankers would be required to share cargo details via email before being assigned a transit fee, reportedly set at $1 per barrel. Payments would be made in digital currencies. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.