Ceasefire Brings Iran Crypto Fee Plan for Oil Tankers in Hormuz: FT

The move comes hours after Tehran agreed to a two-week ceasefire with the US, providing temporary relief to energy markets and risk assets, including crypto.

Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the FT that Iran will assess fees for each full oil tanker transiting the strategic waterway. The narrow passage between Iran and Oman handles about one-fifth of global seaborne oil and liquefied natural gas shipments, mostly bound for Asia.

Payments in crypto, such as stablecoins, would help Iran bypass traditional banking channels and international sanctions. The initiative builds on earlier informal arrangements where vessels received naval escorts in exchange for digital asset or yuan payments after security checks.

The Strait of Hormuz remains a critical choke point for global energy trade. Any formalized toll system during the ceasefire will likely influence oil prices, shipping costs and broader market sentiment.