Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz.
Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the FT on Wednesday that Iran wanted to collect tolling fees from any tanker passing and to assess each ship. Decisions on the conditions for passing the strait are taken by Iran’s Supreme National Security Council.
Hosseini’s remarks suggest Iran will require any tankers to use the northerly route close to its coastline, raising questions over whether western or Gulf state-linked vessels will be willing to risk transit.
Hosseini said that each tanker must email authorities about its cargo, after which Iran will inform them of the toll to be paid in digital currencies. He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely.
very bullish on crypto rn. nevermind international maritime laws
Grunblau on
I hope Hesab Pay is capitalizing on this opportunity. Algorand payment system that is popular in that part of the world…
kirtash93 on
Boom, another crypto use of case
WendyDumpsterFire on
Accept monero
mushykindofbrick on
Well the key point of all of it is, that both parties folded before the deadline expired, noone wants an escalation, there will probably be a solution found, regardless of how long it will take, its just a bunch of noise and drama and all will be fine
shadowmage666 on
Wow that’s pretty crazy
theabominablewonder on
Bullish for HEX right? Right?..
Taliskerhu on
To the moon ? 🚀
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Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz.
Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the FT on Wednesday that Iran wanted to collect tolling fees from any tanker passing and to assess each ship. Decisions on the conditions for passing the strait are taken by Iran’s Supreme National Security Council.
Hosseini’s remarks suggest Iran will require any tankers to use the northerly route close to its coastline, raising questions over whether western or Gulf state-linked vessels will be willing to risk transit.
Hosseini said that each tanker must email authorities about its cargo, after which Iran will inform them of the toll to be paid in digital currencies. He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely.
**Read more,** [**here**](https://www.ft.com/content/02aefac4-ea62-48db-9326-c0da373b11b8?syn-25a6b1a6=1?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f)**.**
Victoria – FT social team
very bullish on crypto rn. nevermind international maritime laws
I hope Hesab Pay is capitalizing on this opportunity. Algorand payment system that is popular in that part of the world…
Boom, another crypto use of case
Accept monero
Well the key point of all of it is, that both parties folded before the deadline expired, noone wants an escalation, there will probably be a solution found, regardless of how long it will take, its just a bunch of noise and drama and all will be fine
Wow that’s pretty crazy
Bullish for HEX right? Right?..
To the moon ? 🚀