Iran has announced a new $1 per barrel tax on oil transported through the Strait of Hormuz, introducing stricter monitoring measures for vessels passing through the key global energy corridor.
According to reports, Hamed Hosseini, spokesperson for Iran’s Petroleum Exporters Union, said that all oil tankers will be required to pay the toll in Bitcoin. Each vessel must submit cargo details via email to Iranian authorities before transit approval is granted.
Hosseini explained that Iran aims to closely monitor all shipments passing through the strait, particularly during the current two-week ceasefire period, to prevent the transfer of weapons. Loaded oil tankers will be charged based on cargo volume, while empty vessels will be allowed free passage.
Once documentation is reviewed, ships will be instructed to make payment within seconds using cryptocurrency. The move reflects Iran’s effort to assert control over maritime activity in the region.
Reports also indicate that both Iran and Oman may collect transit revenues under the ceasefire arrangement, with Iran planning to use the funds for reconstruction.
Authorities have warned that vessels attempting to pass without approval could face military action. Currently, hundreds of ships carrying millions of barrels of oil remain in the Gulf, awaiting clearance as tensions continue to impact global shipping routes.
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