Global Stock News

Strait of Hormuz toll? Iran to demand crypto payment from shipping firms – report

Strait of Hormuz toll? Iran to demand crypto payment from shipping firms – report

Strait of Hormuz toll? Iran to demand crypto payment from shipping firms - report

Iran is seeking to tighten its grip over the Strait of Hormuz during the fragile two-week ceasefire, proposing an unusual system that would require oil tankers to pay transit tolls in cryptocurrency while undergoing strict scrutiny.Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, said Tehran intends to monitor every vessel moving through the critical waterway.

Watch

‘HORMUZ STRIKE KILLS 3’: Thai Ship Hit Amid Iran-US Tensions, Crew Jumps In Panic | Watch

“Iran needs to monitor what goes in and out of the strait to ensure these two weeks aren’t used for transferring weapons,” he said.“Everything can pass through, but the procedure will take time for each vessel, and Iran is not…

Source link

Share this article

Scroll to Top