Key Takeaways:

• Iran’s IRGC began charging ships up to $2 million per tanker to transit the Strait of Hormuz as of April 2026. The Financial Times reports Iran is accepting stablecoins and bitcoin.
• Iran’s National Security Committee approved a bill formalizing yuan and stablecoin tolls, accelerating dollar bypass in energy trade.
• The ceasefire brokered by President Trump remains fragile, and Western-linked vessels are still largely excluded from approved passage.

IRGC Tollbooth: Iran Collects Up to $2 Million Per Tanker in Stablecoins and Yuan

The toll system emerged in the weeks following the late February 2026 strikes by the United States and Israel on Iran. As the conflict tightened, the IRGC effectively closed the strait to…