Iran Imposes Crypto Toll on Tankers in Strait of Hormuz

Iran is demanding 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 this key global waterway during a two-week ceasefire period. Hamid Hosseini, a spokesperson for Iran's Oil, Gas and Petrochemical Products Exporters' Union, told the Financial Times that Iran wants to collect tolling fees from any tanker passing through and assess each ship individually.

Hosseini said that Iran needs to