Iran offers 60-day toll-free transit through the Strait of Hormuz during ceasefire talks, while launching a bitcoin-settled maritime insurance platform.

The US and Iran are nearing a deal to reopen the Strait of Hormuz under a 60-day ceasefire, with Iran exploring Bitcoin for transit fee payments.

Iran's new Strait of Hormuz agreement includes crypto toll payments via the Persian Gulf Strait Authority, raising sanctions evasion concerns for investors.

Iran and the US reportedly agree to a 60-day framework allowing Iranian oil sales and keeping the Strait of Hormuz open, with Trump deciding next steps.

Iran will reportedly allow free passage through Strait of Hormuz for 60 days, but may collect fees in future.

"Early indications suggest this may depend on Iran clearing naval mines over an initial 30-day period."

Iran offers 60-day toll-free transit through the Strait of Hormuz during ceasefire talks, while launching a bitcoin-settled maritime insurance platform.

According to the publication, following this 60-day period, Iran intends to offer services in the areas of security, navigation, environment, and insurance