By charging renminbi and cryptocurrency tolls at the Strait of Hormuz, Iran has become the first state to pair control of a physical chokepoint with an operational demand to transact outside the dollar system.

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

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