Iran has made the Strait of Hormuz into a place where they charge ships that carry oil to pass through. Iran has been doing this since mid-March 2026. The Iranian government said it was okay to do this at the end of the month. The people in charge of the military in Iran are the ones who are charging the ships. They want to be paid in Bitcoin or other kinds of money like USDT or Chinese yuan.
Here are some details about this:They charge one dollar for every barrel of oil on the ship.If a ship is really full it can owe up to two million dollars to pass
If a ship is empty it does not have to pay anything.The amount of money a ship has to pay depends on what country the ship's from.
If a ship is from the United States or Israel it is not allowed to pass through.
A lot of oil passes through the Strait of Hormuz every day. Normally twenty-one million barrels of oil pass through every day. This is twenty percent of the oil used in the whole world. If they charge one dollar for every barrel that is twenty-one million dollars per day.
There are usually a lot of ships that pass through the Strait of Hormuz. Before there were problems, ninety-five to one hundred and forty ships would pass through every day. Now because of the problems about seven to fifteen ships pass through every day.
Iran is collecting Bitcoin from these ships. If all the money was paid in Bitcoin that would be two hundred and ninety Bitcoins per day. This is a lot of money for a country that is not allowed to use the banking system.
The people in charge of oil in Iran have said that they are using Bitcoin to collect money from the ships. Other people who watch the ships and the money have also said that this is happening. There is a special place on Qeshm Island where they can change the Bitcoin into other kinds of money.
This is important for Bitcoin because it is the time a country has used it to collect money in this way. Iran has been using Bitcoin for a time to avoid problems, with other countries. Now they are using it to collect money from ships that pass through the Strait of Hormuz.
This shows that Bitcoin is useful because it allows people to send and receive money without using the banking system. This is important when countries are not allowed to use the system. Whether you like or do not like what Iran is doing this is an example of how Bitcoin can be used.
The situation is not stable now but Iran has made it possible to collect Bitcoin from ships that pass through the
#StraitOfHormuzFees of Hormuz. This is a deal because it is a way for a country to collect money without using the normal banking system.
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