Iran Imposes Yuan and Crypto Tolls on Vessels in the Strait of Hormuz
Iran is demanding Chinese yuan and cryptocurrency payments for ships to pass through the strategic Strait of Hormuz, according to a financial newswire. Oil tankers face a toll of about $1 per barrel, or roughly $2 million for a very large crude carrier, sources say. This regime has become more formal after recent regional clashes. Vessels must now provide manifests, crew details, and destinations to the Revolutionary Guard for sanction screening, cargo checks, and “geopolitical vetting,” a shipping intelligence firm reports. Such fees risk breaching American and European sanctions on Iran’s Revolutionary Guard, though Tehran has hinted at collecting payments from select vessels, a foreign ministry spokesperson acknowledged.
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