Iran is proposing a plan to charge about $1 per barrel in cryptocurrency or other digital assets like stablecoins and yuan for oil tankers to pass through the Strait of Hormuz during a two‑week ceasefire deal with the United States, according to reports. Fully loaded tankers must submit cargo and vessel details before payment, while empty ships may be exempt. Officials say the measure is intended to allow Iran to monitor ship movements and prevent weapons transfers, marking an unusual use of crypto in global oil transit.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Zcash price has been rallying strongly over the past few days after breaking out of…
India's Standing Committee on Finance convened at Parliament House Annexe in New Delhi on May…
Arthur Hayes has sparked fresh debate around crypto regulation after saying he hopes Donald Trump…
The ultimate price floor for Bitcoin (BTC) in the current market cycle is $60,000, according…
The XP token isn’t cooling off quietly. After exploding 300% from roughly $0.019 to $0.082…
Something weird is happening around Ozone Chain and its token OZO. While heavyweight AI and…
