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 has seized control of the Strait of Hormuz, cutting vessel traffic by over 85% and removing 11 million barrels per day from global supply, with ripple effects hitting crypto…

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