Iran's IRGC now requires all vessels to coordinate transit through the Strait of Hormuz, with crypto toll mechanisms reportedly under consideration.

The IRGC said on Thursday that safe passage through the strait would only be possible through routes designated by Iran, adding that it would take action against vessels that…

Iran's IRGC Navy mandates designated routes and permits for foreign vessels in the Strait of Hormuz, raising concerns over oil prices and market volatility.

Iran imposes strict navigation routes for foreign vessels in the Strait of Hormuz. UK sending warships by June 30, 2026 at 0.8% YES.

Iran's IRGC now requires all vessels to coordinate transit through the Strait of Hormuz, with crypto toll mechanisms reportedly under consideration.