Tankers passing through Strait of Hormuz will have to pay cryptocurrency toll
by Najmeh Bozorgmehr, Alice Hancock, Verity Ratcliffe from Ars Technica - All content on (#74T12)
Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire.
Hamid Hosseini, a spokesperson for Iran's Oil, Gas, and Petrochemical Products Exporters' Union, told the FT on Wednesday that Iran wanted to collect tolling fees from any tanker passing and to assess each ship.
Iran needs to monitor what goes in and out of the strait to ensure these two weeks aren't used for transferring weapons," said Hosseini, whose industry association works closely with the state.