Iran plans to charge service fees for Strait of Hormuz transit with Bitcoin-settled insurance via Hormuz Safe, offering discounts to friendly nations.

Iran plans to impose fees for ships in the Strait of Hormuz amid a naval blockade. Fees by October 31 at 74% YES.

Iran will offer China reduced Strait of Hormuz transit fees and accept Bitcoin and USDT for shipping tolls, signaling crypto adoption in sanctioned trade.