Iran Sets up 'Toll Booth' in Strait of Hormuz, as Oil Tankers Detour via Larak Island for Safe Passage

Iran sets up 'toll booth' in Strait of Hormuz, as oil tankers detour via Larak Island for safe passage

Iran has established a de facto safe shipping corridor in the north of the Strait of Hormuz to select ships, as Tehran sought to monetize its grip over the waterway.

Iran: Ships Moving in Strait of Hormuz Must Pay in Crypto, Yuan

Iran is now demanding that ships transiting through the Strait of Hormuz must pay fees in crypto or Chinese yuan, per a Bloomberg report.

Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth

Iran Turned the Strait of Hormuz Into a Toll Booth and the U.S. Is About To Sign a Ceasefire That Lets Them Keep It

The Iran War Is Now All About Who Controls the Strait of Hormuz  Clausewitz understood that wars have a way of outgrowing the aims that set them in motion. Thirty-one days into Operation Epic Fury, his lesson is being relearned — even if Washington can’t quite decide whether to admit it. The strikes began on February 28 with a recognizable logic: destroy Iran’s navy, dismantle its missile and drone infrastructure, degrade its proxies. Those obje…

Digital Yuan Finds Large-Scale Use In Iran’s Hormuz Toll Booth

Sources claim Iran charges up to $2 million per vessel for ships passing through the Strait of Hormuz. The Iranian government settles transactions in yuan, including the digital yuan, as well as crypto. Iran may have suffered from the combined might of the US and Israel, but it’s striking them, along with the rest of the world, where it truly hurts most: the global oil supply line. Reports claim that the country’s armed forces, the Islamic Revol…