Iran will reportedly demand tolls in cryptocurrency from shipping companies to let their oil tankers pass through the strategic Strait of Hormuz, as the Islamic Republic tightens its grip on the narrow waterway despite a two-week ceasefire with the United States.
"Iran needs to monitor what goes in and out of the strait to ensure these two weeks aren't used for transferring weapons," Hosseini quoted as saying by the Financial Times. The demanded toll is reportedly $1 per barrel of oil. He said that while every ship can pass the Strait, the procedure to do so would take time, noting that Iran "is not in a rush".
