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.

    • Samskara@sh.itjust.worksEnglish
      22·
      17 hours ago

      Have you read your link?

      Geographically, the Strait of Hormuz is clearly what’s called a transit passage** strait**: it connects two open seas, has no alternative route, and is one of the busiest shipping lanes in the world. Under transit passage rules, other countries have an almost unrestricted right to sail and fly through. Iran can barely interfere at all.

          • mathemachristian [he/him]@lemmy.blahaj.zoneEnglish
            3·
            17 hours ago

            ** Iran is right about which rules are universal **

            I don’t know how much clearer it gets??? Who’s gonna argue that UNCLOS is universal anyway? The US or pissrael? Neither of which are party to the UNCLOS and who very much assert authority outside their territorial waters?