Iran plans to collect crypto tax from oil tankers in Hormuz

Iran unveils a bold plan to boost its hold on the Strait of Hormuz.

Under this scheme, oil tankers must pay a toll tax of one dollar per barrel in cryptocurrency like Bitcoin, not traditional money. British media reports highlight this unusual shift. The timing adds tension. A fragile ceasefire holds between Iran and the United States right now.

Meanwhile, Tehran ramps up monitoring of all passing ships. Spokesman Hamid Hosseini from the Iranian Oil, Gas and Petrochemical Exporters Union explains that authorities will inspect every cargo thoroughly. They aim to block any weapons transport during the truce.

Ships email detailed cargo info to Iranian officials first. Authorities then calculate the tax and demand quick payment. This process could delay departures significantly. Currently, around 400 vessels wait in Gulf waters, turning the area into a massive parking lot, experts note.

Global shipping giant Maersk voices deep worries. The company assesses risks and holds off on normal operations for now. Furthermore, economic analysts warn of widespread fallout. If Iran rolls out this plan, oil prices could surge sharply. Maritime trade faces disruptions, and global supply chains might snag.

As a result, cryptocurrency gains spotlight in energy geopolitics. This move tests digital currencies’ real-world use and challenges oil-dependent economies. The world watches closely—will Tehran enforce it, or will backlash force a rethink? Tensions simmer as ships pile up.