Iran is reportedly considering a Bitcoin based toll system for vessels traveling through the Strait of Hormuz, following a temporary ceasefire agreement with the United States. The proposal could require certain ships to pay $1 per barrel of oil in Bitcoin to access the key global shipping route.
Proposed Bitcoin Tariff for Oil Tankers
According to reports, empty oil tankers would be allowed to pass through the Strait of Hormuz without charges. However, other vessels carrying oil may be required to pay the proposed Bitcoin tariff.
A spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, Hamid Hosseini, said authorities would evaluate each vessel during the two-week ceasefire period to confirm it is not transporting weapons. Once approved, ships would reportedly receive instructions and have only seconds to complete the Bitcoin payment, limiting traceability and reducing the risk of sanctions-related asset seizures.
Ceasefire Conditions and Regional Impact
The proposed toll system follows statements from U.S. President Donald Trump, who said the ceasefire includes the complete and safe reopening of the Strait of Hormuz. Iran reportedly submitted a 10-point plan that includes maintaining control over the waterway and seeking sanctions relief.
Before the recent conflict, Iran had already used digital assets to manage sanctions pressure. Reports indicated the country acquired approximately $500 million worth of USDT, while blockchain monitoring recorded about $3.7 billion in crypto flows between January and July 2025.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.