Iran Plans Crypto Toll for Strait of Hormuz Oil Transit

Iran will collect cryptocurrency payments as transit fees from oil tankers passing through the Strait of Hormuz during the two-week ceasefire with the United States, according to an industry official, The Caspian Post reports, citing the Financial Times.

Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said crypto-denominated tolls will be imposed on fully loaded vessels as the country aims to “monitor what goes in and out of the strait to ensure these two weeks aren’t used for…