Vessel traffic through the Strait of Hormuz fell 52% amid US-Iran strikes, with Iran collecting Bitcoin tolls of up to $2M per ship to circumvent sanctions.

IRGC missile strikes hit commercial ships in the Strait of Hormuz as Iran uses Bitcoin and USDT for transit payments, raising sanctions evasion concerns.

Iran closed the Strait of Hormuz, causing ship crossings to drop over 50%. Fewer than 150 ships transiting the strait priced at 77% YES.