Iran Will Reportedly Charge Ships In Crypto To Pass Through The Strait Of Hormuz

By Anthony • April 8, 2026 9:44 pm • Comments

The Iranian regime has its eyes set on crypto.

Despite agreeing to a ceasefire with the United States, Iran will reportedly bring charging ships to pass the Strait of Hormuz.

The Financial Times reported Iran will charge nations looking to pass through the Strait of Hormuz in cryptocurrency.

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The Hill reported how much Iran will charge ships:

Iran will require ships passing through the Strait of Hormuz to pay the cryptocurrency equivalent of $1 per barrel of oil on board during the two-week ceasefire with the U.S, a key figure told the Financial Times.

Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, which works with Iran’s government, told the Financial Times about the requirement on Wednesday.

He said that it will cost $1 per barrel of oil and that ships need to email Iranian authorities about what they are carrying.

“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 told the newspaper.

He added that the measures are being put in place to make sure weapons are not carried through the strait.

Here’s how social media reacted:

CNN reported shipping companies are still concerned about passing through the Strait:

The shipping industry is trying to glean more details on how vessels can safely transit the critical Strait of Hormuz during the two-week US-Iran ceasefire.

“It’s too early to tell,” said Mandarin Shipping Chairman Tim Huxley after the ceasefire was announced. “For sure, some ships will now exit the area but it’s still tense.”

Roberto Giannetta, Chairman of the Hong Kong Liner Shipping Association, is wary of strait crossings because of a lack of security certainty.

“If I were a shipowner or operator stuck in the Persian Gulf, I would wait a few days to see how the US, Israel, and Iran respond to this planned ceasefire. If it looks likely to be sticking, I may try moving my vessels out in the second week, or in a cluster or convoy together with other ships,” he said.

 

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