Iran's Proposed Oil Tolls in Bitcoin Would Bypass Sanctions-Based Financial Blockades
Oil tankers passing through the Strait of Hormuz would pay approximately $1 per barrel of oil in crypto to bypass sanctions-based financial blockades. This proposed system would allow Iran to collect millions of dollars per shipment in digital assets. The Strait of Hormuz is a critical route for nearly 20% of global oil supply. Iran is exploring the use of Bitcoin, an asset that operates outside centralized control. Because Bitcoin operates without a central authority, foreign governments would be unable to freeze or block these transactions.
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