This screen grab taken from undated video footage released by Iran's Revolutionary Guards (IRGC) and made available via Iran's state broadcaster (IRIB) on April 23, 2026, shows IRGC naval

Earlier reports suggested that Iran was demanding these payments in cryptocurrency, but it is unclear how many vessels have agreed to pay this toll.

Iran’s plan to extract a $2m payment from tankers using the strait of Hormuz could raise costs for years to come