Iran and Oman are negotiating permanent Strait of Hormuz transit fees up to $2M per vessel, with Bitcoin and yuan accepted. Revenue could reach $8B annually.

Iran is discussing with Oman how to set up a permanent toll system that will formalize its control of the Strait of Hormuz. Read here now

Iran and Oman are negotiating permanent Strait of Hormuz transit fees up to $2M per vessel, with Bitcoin and yuan accepted. Revenue could reach $8B annually.

Iran's new Persian Gulf Strait Authority will charge formal transit fees in the Strait of Hormuz, with reports suggesting Bitcoin and USDT as payment options.

Iran's newly created Persian Gulf Strait Authority has declared authority over strait passage as U.S.-Iran peace negotiations remain deadlocked

Talks over possible transit and service charges come despite US warnings, as Iran’s blockade disrupts shipping and Tehran seeks new ways to bypass sanctions

Iran and Oman are negotiating a permanent toll on Strait of Hormuz shipping, with fees previously hitting $2M per transit. Here's what it means for oil, inflation, and crypto.

Iran's new tiered Strait of Hormuz transit system prioritizes Russian and Chinese vessels, charges non-allies up to $2M, and accepts Bitcoin and crypto payments.