Iran is seeking international recognition of its control over the Strait of Hormuz and its ability to charge vessels entering or leaving the Gulf, two senior Iranian sources have told Reuters.

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

Iran demands full control of the Strait of Hormuz and proposes Hormuz Safe, a Bitcoin-settled maritime insurance platform expected to generate over $10