Iran has proposed managing the Strait of Hormuz through a Bitcoin-settled, insurance-based model, state media reported on Sunday, May 17.

TEHRAN: The naval forces of Iran’s Revolutionary Guards are allowing more ships to pass through the strategic Strait of Hormuz, state television said Friday, after Tehran blocked…

Iran is preparing to introduce a new mechanism that would require ships to pay fees before passing through the strategic Strait of Hormuz, amid growing regional tensions involving…