Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire - Slashdot
slashdot.org
An anonymous reader quotes a report from the Financial Times: Iran will demand that shipping companies pay tolls in cryptocurrency for laden oil tankers passing through the Strait of Hormuz (source paywalled; alternative source), as it seeks to retain control over passage through the key waterway du...

He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.

  • Echo Dot@feddit.ukEnglish
    2·
    3 hours ago

    They’re not natural waterways, somebody had to make them so the law doesn’t apply. Same for Great Lakes Waterway.

    • BoJackHorseman@lemmy.todayEnglish
      3·
      3 hours ago

      Besides, international law only applies to you if you agree to it. Both US and Iran do not agree with this.

      US also has a law that say US can use military force against the ICC if any US citizen is arrested by the ICC.

      • Samskara@sh.itjust.worksEnglish
        1·
        2 hours ago

        That’s not true. Customary international law also applies to states, that are not themselves members of a treaty. In the case of international maritime war and international humanitarian laws this is widely accepted as such.