Report: Iran Charges Crypto and Yuan Tolls for Strait of Hormuz Oil Tanker Passage
By Jamie Redman
Iran's Islamic Revolutionary Guard Corps (IRGC) is reportedly charging oil tankers up to $2 million in Chinese yuan and stablecoins for safe passage through the Strait of Hormuz, the world's most critical oil chokepoint. This practice emerges amid international sanctions on Iran, promoting cryptocurrency use for such transactions. The fees apply to vessels transiting this key maritime route.
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