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Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two\u2011week US ceasefire, adding a crypto tax to the world\u2019s key oil chokepoint.<\/p>\n
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Iran will force every oil tanker transiting the Strait of Hormuz during the new two-week ceasefire with the US to pay a $1-per-barrel toll in cryptocurrency, turning the world\u2019s most sensitive oil chokepoint into a de facto bitcoin paywall. According to the Financial Times, Tehran will demand<\/a> that shipping companies settle the fee in digital assets, primarily bitcoin, as it seeks hard-to-trace revenues while sanctions bite. Hamid Hosseini, spokesperson for Iran\u2019s Oil, Gas and Petrochemical Products Exporters\u2019 Union, said the system is designed to slow traffic on Iran\u2019s terms and tighten control over what moves through the corridor.<\/p>\n Under the scheme, tankers must first email Iranian authorities with detailed cargo manifests before entering the strait. Hosseini told the Financial Times that once the email is received and Tehran completes its assessment, \u201cvessels are given a few seconds to pay in bitcoin, ensuring they can\u2019t be traced or confiscated due to sanctions.\u201d He added that \u201ceverything can pass through, but the procedure will take time for each vessel, and Iran is not in a rush,\u201d underscoring that the stated aim is to prevent weapons shipments during the pause in fighting. With typical crude cargoes ranging from 500,000 to 2 million barrels, a single transit could mean crypto payments of $500,000 to $2,000,000 per voyage.<\/p>\n The toll comes as Washington and Tehran test a fragile truce that hinges on a partial reopening of the Strait of Hormuz, which before the war carried roughly a fifth of the world\u2019s seaborne oil. A senior Iranian official told Reuters that Iran could reopen the strait \u201climited, under Iran\u2019s control\u201d as early as Thursday or Friday, ahead of talks with US officials in Pakistan. Oil markets have already reacted: Brent futures slid about 13% to roughly $94.76 per barrel and US benchmark WTI dropped more than 15% to around $95.79 after President Donald Trump agreed<\/a> to the two-week ceasefire, conditional on the \u201cimmediate and safe\u201d reopening of the strait.<\/p>\n In Washington, Trump has floated turning the tolls themselves into a joint business model. \u201cWe\u2019re thinking of doing it as a joint venture,\u201d he told ABC News\u2019s Jonathan Karl, calling it \u201ca way of securing it \u2014 also securing it from lots of other people. It\u2019s a beautiful thing.\u201d That suggestion follows earlier musings that the US could impose its own tolling regime on ships using the strait, effectively monetizing a corridor where even a $1-per-barrel surcharge is a small fraction of crude trading in the mid-$90s but represents a new geopolitical tax on a market still reeling from weeks of war-driven price spikes.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two\u2011week US ceasefire, adding a crypto tax to the world\u2019s key oil chokepoint.…<\/p>\n","protected":false},"author":1,"featured_media":3356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25387"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25387\/revisions"}],"predecessor-version":[{"id":25388,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25387\/revisions\/25388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3356"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ceasefire, crypto and a global oil lifeline<\/h2>\n