Iran demands crypto fees for ships passing Hormuz during ceasefire [View all]

Source: Financial times


Country’s oil exporters’ union says toll to be paid in cryptocurrency and vessels monitored for weapons


Published 3 hours ago


Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire.
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“Iran needs to monitor what goes in and out of the strait to ensure these two weeks aren’t used for transferring weapons,” said Hosseini, whose industry association works closely with the state.

“Everything can pass through, but the procedure will take time for each vessel, and Iran is not in a rush,” he added.

Decisions on the conditions for passing the strait are taken by Iran’s Supreme National Security Council. Hosseini’s remarks suggest Iran will require any tankers to use the northerly route close to its coastline, raising questions over whether western or Gulf state-linked vessels will be willing to risk transit.
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Read more: https://www.ft.com/content/02aefac4-ea62-48db-9326-c0da373b11b8?syn-25a6b1a6=1

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Iran will demand that shipping companies pay tolls in cryptocurrency for laden oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire.

Read more here: ft.trib.al/nopMxj3

— Jon Cooper (@joncooper-us.bsky.social) 2026-04-08T13:56:04.648Z

Tankers in the Gulf on Wednesday received a radio broadcast in English that they would be destroyed if they tried to transit without Iranian permission © Stringer/Reut

Narrator: Retain control it DID NOT have before this all started. 🤡

— Middlerage (@middlerage.bsky.social) 2026-04-08T13:57:00.424Z