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.