Iran has turned the Strait of Hormuz into a crypto toll booth
Each barrel of oil may incur a $1 fee, accepting only BTC, USDT, and RMB
Around 21 million barrels of oil pass through daily, with monthly revenue estimated at $600-800 million
20% of the world's oil must go through this waterway
This could be the largest real-world application of cryptocurrency by a sovereign nation
More real than any ETF.