Iran will charge tankers $1 per barrel in bitcoin to cross the Strait of Hormuz during a two‑week US ceasefire

Under the proposed system, tankers would be required to share cargo details via email. Authorities would then calculate a toll -- set at $1 per barrel -- to be paid in digital currencies such as bitcoin. Hosseini noted that vessels would be given only a short window to complete payment.

Crypto market update: Iran charges stablecoin tolls on Hormuz tankers, but BTC has underperformed gold as a war hedge since February 28

The Strait of Hormuz, the vital artery for global oil transit, has been effectively closed since the Iran war started in late February.