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.

Iran is asserting unprecedented control over the strategically critical waterway, with ships reportedly facing screening processes, transit approvals and potential Bitcoin-backed…

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 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.