Iran demanded payment for passage through the Strait of Hormuz in cryptocurrency - at the rate of one dollar for each barrel transported
Iran has demanded that shipowners pay for passage through the Strait of Hormuz in cryptocurrency, writes the Financial Times. The chairman of the Union of Oil, Gas and Petrochemical Exporters of Iran, Hamid Hosseini, told the publication that the fee will be equal to one dollar for each barrel transported; empty tankers will be able to pass through the strait free of charge. Payment in cryptocurrency, Hosseini noted, was chosen to protect transactions from tracking and potential sanctions.