Iran Is Charging Ships Crypto to Cross the Strait of Hormuz

The IRGC built a formal crypto toll system at the Strait of Hormuz, with fees starting at $1 per barrel and reaching $2 million per transit, paid in stablecoins or yuan only Shipping through Hormuz is down over 90% with 320 tankers trapped in the Arabian Gulf facing a simple choice: pay or wait indefinitely … Continue reading Iran Is Charging Ships Crypto to Cross the Strait of Hormuz