Iran Demands $1 Per Barrel Crypto Toll Through Strait

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Published: 4 hours ago

Iran plans to charge ships $1 per barrel of oil in cryptocurrency for passage through the Strait of Hormuz during a two-week ceasefire with the US, according to Iran's Oil Exporters' Union spokesperson. This could strengthen crypto demand while pressuring oil-sensitive currencies. The Strait handles 20% of global oil, making this significant for commodity-linked pairs and regional currencies.

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