Iran Demanding Huge Bitcoin Payments to Pass Through Strait of Hormuz

Iran is reportedly demanding bitcoin-denominated tolls from oil tankers passing through the Strait of Hormuz.

The payments are seen as an effort to evade sanctions, and the practice is said to continue even after a US-announced ceasefire.

Donald Trump floated a possible US role in the arrangement, drawing criticism over its legality and risk.

Because the Strait of Hormuz is vital to global oil shipments, the issue could affect energy prices, shipping security, and market stability.