Iran is demanding that oil tankers passing through the Strait of Hormuz make toll payments in the form of cryptocurrency, according to a new report from the Financial Times. The report cites Iran Oil, Gas and Petrochemical Products Exporters’ Union spokesperson Hamid Hosseini. It follows previous reporting on Iran’s use of crypto for such payments by Bloomberg last week, which was based on anonymous sources. While the previous reporting focused on Iran’s preference for stablecoins, like Tether’s USDT or the Trump family’s USD1, the FT specifically mentions bitcoin as an option.

Vessels have been told to email Iranian authorities prior to passage through the area with details regarding their cargo. Iranian…