JUST IN: 🇮🇷 Iran to require ships passing through the Strait of Hormuz to pay tolls in Bitcoin,...
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Watcher.Guru is a popular cryptocurrency news account on X (formerly Twitter) that delivers breaking updates on crypto, finance, and global markets in a concise, attention-grabbing style. Known for rapid posts on trending topics, it has a large following but occasionally shares unverified or sensationalized claims, reducing its credibility compared to traditional outlets.
What's This About?
The post claims Iran will require ships passing through the Strait of Hormuz to pay tolls in Bitcoin, citing FT reports, amid a fragile ceasefire and heightened tensions. In reality, Iran is imposing $1-per-barrel tolls on oil tankers for passage, payable in Bitcoin, stablecoins like USDT/USDC, or Chinese yuan to bypass U.S. sanctions and monitor for weapons smuggling. This system, managed by Iran's IRGC and approved by its National Security Council, involves pre-transit cargo emails, inspections, and quick crypto payments, affecting the vital chokepoint for 21% of global oil trade.[1][2][3]
🔥Why It's Trending
This is trending due to the dramatic intersection of geopolitics, cryptocurrency, and energy markets during an ongoing fragile ceasefire in the region, brokered by President Trump. The novel use of Bitcoin and stablecoins to evade sanctions captivates crypto enthusiasts and highlights real-time global supply chain disruptions. Timing aligns with recent IRGC implementations in March-April 2026, spiking interest as oil prices fluctuate.[2][3][7]
💡Fun Facts
- 1The Strait of Hormuz handles about 21% of the world's crude oil, making it a critical global chokepoint.[3][7]
- 2Tolls are roughly $1 per barrel, equating to up to $2 million for a very large crude carrier with 2 million barrels.[1][3]
- 3Payments must be made in seconds via Bitcoin or stablecoins post-inspection to avoid traceability under sanctions.[1][2]
- 4Empty tankers reportedly pass freely, while rates vary by cargo, flag state, and ties to Tehran.[2][7]
- 5Iran compares the tolls to legitimate fees like the Suez Canal, framing them as security services despite international law debates.[3]
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