Iran's IRGC attacked a containership in the Strait of Hormuz as the US Treasury froze $344M in Bitcoin tied to Iranian sanctions evasion toll schemes.

Iran's new Strait of Hormuz toll system targets $40B in annual revenue and accepts Bitcoin and USDT, but actual collections fall far short of projections.

Iran is charging Bitcoin tolls on oil tankers in the Strait of Hormuz, pushing oil prices higher and tangling crypto markets in geopolitical risk.