Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire - Slashdot
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An anonymous reader quotes a report from the Financial Times: Iran will demand that shipping companies pay tolls in cryptocurrency for laden oil tankers passing through the Strait of Hormuz (source paywalled; alternative source), as it seeks to retain control over passage through the key waterway du...

He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.

  • Samskara@sh.itjust.worksEnglish
    24·
    4 hours ago

    It’s considered international by international maritime law. Free passage, freedom of navigation is essential to trade and commerce.

    Iran‘s attack on international shipping is a breach of international law and an act of war.

    A blockade can be legal under international law, but it’s always an act of war. Demanding a toll to pass means it’s not a legal blockade.