Iran Wants Bitcoin Payments From Oil Ships Seeking Hormuz Passage

[Oluwa-btc]

Donald Trump has stated that the US will begin a blockade of the Strait of Hormuz to force Iran to ditch the plan of collecting a fee of about $2m for each ship. So we are now seeing a threat to Iran accepting Bitcoin for such payment.

We might see further escalation because blocking the passage might lead to attacks, which would further increase the oil price. It is glaring that the US sees charging a fee for passage as global extortion.

Now it is obvious who he is fighting. He is not fighting iran but all the world who have decided to buy from iran rather forcefully engage in the war at the same time, this is a direct block at the Chinese lol. They world should see Donald Trump and his actions for what it is for real. I will be anticipating how China who buys from Iran respond, if they'll back off or engage the Us blocking them.

It is no longer blocked if Iran accepts fee's, there are countries willing to buy from them, Donald Trump and his Us naval fleet is the one responsible for the blockage. It is obvious, is it not?! He wants the world to buy from them and not Iran lol.

[Minor Miner]

I will be anticipating how China who buys from Iran respond, if they'll back off or engage the Us blocking them.

If any country react to the United States blocking the flow of oil from the Strait of Hormuz. I think Japan and South Korea will be among the first countries to react because they are heavily dependent on oil from the Middle East. About 90% of Japan’s oil and 70% of South Korea’s oil come from the Middle East. China only import 20-30% of its oil from this region, and they already have sufficient oil reserves for their economy.

He wants the world to buy from them and not Iran lol.

This could also have been one of his intentions when ordering a complete blockade of the Strait of Hormuz.

As we know, the United States is one of the world's largest oil producing countries.


https://www.straitstimes.com/world/united-states/empty-oil-tankers-heading-to-us-to-load-up-with-oil-gas-says-trump

[pawanjain]

Iranian officials said Bitcoin payments would ensure the tolls “can’t be traced or confiscated due to sanctions.”

• Iran plans to require oil tankers passing through the Strait of Hormuz to pay transit fees in Bitcoin.
• Officials say using Bitcoin will help avoid sanctions by making payments harder to trace or seize.
• The proposal follows a ceasefire and could raise tensions with other oil exporters over control of the Strait.

Source: https://decrypt.co/363641/iran-bitcoin-payments-oil-ships-seeking-hormuz-passage

If something like this were to happen, how do you think crypto market would be affected?

This is a masterstroke from Iran because they will be able to accumulate bitcoin as well as get away with the sanctions.
Nobody will be able to freeze the money or track it and this will give Iran a good head start.
Iran will be able to accumulate more bitcoin at cheaper rates and will be able to leverage the profits when bitcoin goes higher.
It's a win win strategy for them. No doubt bitcoin price will increase a lot in the upcoming days.

[Wind_FURY]

This is the right move for Iran's current situation.

Unlike USDT, USDC, or certain other stablecoins, which can be frozen by certain parties, Bitcoin is different. Besides being unfreezeable, unsuppressable, and not subject to specific regulations, Bitcoin also has no issuer at this time, so they are free to transact and utilize it.

This proves that Bitcoin is a solution in crucial times, providing freedom in transactions, ownership, control, and various other aspects.

Bitcoin

It could be, but the United States imposed their own blockade by sending warships and an aircraft carrier in the other side of the strait.

 

Plus looks at where the super tankers are going from Europe and Africa. They're all going to the United States through the Atlantic route to get Crude Oil from Trump. That's probably his main objective, no?

[Patikno]

Iranian officials said Bitcoin payments would ensure the tolls “can’t be traced or confiscated due to sanctions.”

• Iran plans to require oil tankers passing through the Strait of Hormuz to pay transit fees in Bitcoin.
• Officials say using Bitcoin will help avoid sanctions by making payments harder to trace or seize.
• The proposal follows a ceasefire and could raise tensions with other oil exporters over control of the Strait.

Source: https://decrypt.co/363641/iran-bitcoin-payments-oil-ships-seeking-hormuz-passage

If something like this were to happen, how do you think crypto market would be affected?

Iran openly, wants to convert petrodollars to petroBitcoins, and this move will likely be emulated by other countries. I think Iran chose Bitcoin with the goal of becoming a national treasury that can be held long-term, but I wonder: why does Iran claim that the toll fees are "untraceable"? Are they preparing something for that?

Personally, I think Iran policy of using Bitcoin for transit fees is a wise decision, as their Bitcoin holdings cannot be tampered with, or confiscated. Gradually, the "freedom" that Bitcoin provides will become a solution for everyone, including the countries, for any purpose, whether for transactions, or as a store of value. Maybe, in the past, people would have chosen gold in the event of a global conflict, but after this event, I think people or countries, will choose Bitcoin as a solution. From this, isn't it clear that Bitcoin will bring tremendous benefits? Yes, I think so, and Bitcoin has once again demonstrated its power, especially to those who dislike Bitcoin. They will be surprised at this point.

Through this event, Bitcoin popularity will more increase, and it will have a positive impact on the crypto market, and it could be that the crypto market will become more excited again due to the large amount of interest going towards it. I think this is a positive sign for the future, right?

[Wind_FURY]

Iranian officials said Bitcoin payments would ensure the tolls “can’t be traced or confiscated due to sanctions.”

• Iran plans to require oil tankers passing through the Strait of Hormuz to pay transit fees in Bitcoin.
• Officials say using Bitcoin will help avoid sanctions by making payments harder to trace or seize.
• The proposal follows a ceasefire and could raise tensions with other oil exporters over control of the Strait.

Source: https://decrypt.co/363641/iran-bitcoin-payments-oil-ships-seeking-hormuz-passage

If something like this were to happen, how do you think crypto market would be affected?

Iran openly, wants to convert petrodollars to petroBitcoins, and this move will likely be emulated by other countries.

 

Are you merit farming?

Please stop posting bullshit. We already know that if Iran, a sanctioned country, is going to do it, THEN it would make it LESS likely to be emulated by other countries. Plus those Bitcoin in Iran's wallet would also be sanctioned like the Bitcoin in the Truckers Protesters' wallet.

It's probably better to use a layer to add SOME privacy like the Lightning Network.

[beej]

Attacking all your neighbors and then telling them that they need to pay you to ship things around their country seems like a bold move.  We'll have to wait and see how it plays out for them.  Seems to me like this is a tragic mistake that will hurt them for a long time as they damage relationships with their neighbors and become dependent on other countries for revenue.  They might just find that other countries find a better solution...

I agree with this, if Iran does receive or demand bitcoins and other
forms of cryptocurrency as or for passage payments, doesn't that make
things a bit susceptible for more controversy. No doubt it will affect
bitcoin and crypto values. But will it be tolerated by other nations,
they are in a state of war after all with influential nations who
knows how this type of transaction can be monitored in one way
or another.
 

[viljy]

~
I will be anticipating how China who buys from Iran respond, if they'll back off or engage the Us blocking them.

It is no longer blocked if Iran accepts fee's, there are countries willing to buy from them, Donald Trump and his Us naval fleet is the one responsible for the blockage. It is obvious, is it not?! He wants the world to buy from them and not Iran lol.

It seems that the US Navy did not miss one tanker with oil for China, the Rich Starry, and forced it to turn around. However, the Americans allowed another tanker, the Elpis (also with a destination in China) to pass. That is, it is not a blockade, but a filtration. Well, in general, as does Iran. What China's reaction to this is not yet clear, except for the statement that China intends to ignore the American blockade in the Gulf of Oman.

[Rubuchi]

Please follow the updates here so you can find out whether they actually accept Bitcoin payments.
Given the awareness of those with knowledge about Bitcoin’s future, they might prefer Bitcoin as a hedge rather than using it for payments. From this perspective, countries seeking to transit the Strait of Hormuz might prefer stable cryptocurrencies with strong privacy features over Bitcoin, especially since this conflict involves China and Russia. You can assess China’s stance on Bitcoin.

I know these great world powers will always fight Iran to see that they are not able to breathe or show any form of capacity to fight back but what they don’t seem to understand is that Iran is operating under a regime of young and technologically driven set of leaders who understand how to quickly navigate their ways out of the oppression lead by the first world powers. I know a day like this will come when a country like Iran for example will result to using bitcoin and other cryptocurrencies for transactions to be able to escape a lot of restrictions and sanctions which are leveled against them by the US government.

  Till date I still wonder why all these drama by the United States and NATO states, why do they think the global economy must be controlled by them and why does it look like they are in a war with any country that fights against such neocolonialism. Why are the Iranians attacked and fought, the simple and short answer is not even because the USA wants to protect the interests of the Jews in Israel but because the USA sees this as an opportunity to micromanage their oil wealth and sector.

[Wind_FURY]

Attacking all your neighbors and then telling them that they need to pay you to ship things around their country seems like a bold move.  We'll have to wait and see how it plays out for them.  Seems to me like this is a tragic mistake that will hurt them for a long time as they damage relationships with their neighbors and become dependent on other countries for revenue.  They might just find that other countries find a better solution...

I agree with this, if Iran does receive or demand bitcoins and other
forms of cryptocurrency as or for passage payments, doesn't that make
things a bit susceptible for more controversy. No doubt it will affect
bitcoin and crypto values.

I believe that Iran was merely trolling Trump and the United States when the said that the want payment in Bitcoin, because Iran KNOWS that NO Nation-State will pay for them passage in ANY currency.

But will it be tolerated by other nations,
they are in a state of war after all with influential nations who
knows how this type of transaction can be monitored in one way
or another.
 

What if Iran announces that, "We accept Monero too".

 

[YOSHIE]

If something like this were to happen, how do you think crypto market would be affected?

As far as I know, Iran allows payment of fees for oil ships sailing in the Strait of Hormuz, already from 2022, as they say in one source.

Iran formally authorized the use of cryptocurrency for payments, including for international trade and imports, starting in 2022.

However, the specific, targeted use of Bitcoin and other cryptocurrencies for shipping tolls and transit fees (specifically in the Strait of Hormuz) was codified and formalized in March 2026.

Even though they made it official in March 2026, the tankers had already done it long before the war between Iran and the US occurred.
Notes:
They use Bitcoin for fees, for that we need to understand, Bitcoin is used only for transactions, they do not store or invest in Bitcoin for a long time, transactions are made to fiat, not storage.
This means, it has no effect on the market or price of Bitcoin, they are used as a convenience for transactions without needing to know third parties, Iran is not adopting Bitcoin from the oil axe, only as a transaction fee.

[AprilioMP]

Please follow the updates here so you can find out whether they actually accept Bitcoin payments.
Given the awareness of those with knowledge about Bitcoin’s future, they might prefer Bitcoin as a hedge rather than using it for payments. From this perspective, countries seeking to transit the Strait of Hormuz might prefer stable cryptocurrencies with strong privacy features over Bitcoin, especially since this conflict involves China and Russia. You can assess China’s stance on Bitcoin.

Till date I still wonder why all these drama by the United States and NATO states, why do they think the global economy must be controlled by them and why does it look like they are in a war with any country that fights against such neocolonialism. Why are the Iranians attacked and fought, the simple and short answer is not even because the USA wants to protect the interests of the Jews in Israel but because the USA sees this as an opportunity to micromanage their oil wealth and sector.

Because they [the U.S.] want to be the leader that controls trade and maintain the dollar’s dominance in every global transaction. For a very long time, the dollar has been the benchmark currency in every trade, and they realize that if it were to be replaced, they would have nothing left to boast about.
Russia, China, and several other countries want the dollar to no longer dominate, so before it’s too late, they want to make it clear that such efforts must not be pursued.

If the goal is to protect Jewish interests, the context is different—one I cannot possibly explain here—which is why they side with Israel in every Middle East conflict.

[DrBeer]

The delusions of Iran’s military junta (and don’t tell me that’s not the case RIGHT NOW) are very reminiscent of Russia’s delusions that everyone will buy Russian gas and oil for rubles! You had a good laugh at that too, didn’t you?

The people who believe that the United States doesn't have leverage in the situation haven't truly read through that situation. There are countries in the region that have started agreeing with China in using the Yuan for Oil exports. That's literally an attack on the U.S. Dollar from the United States' point of view. So what did they do? Start a war and make Iran a THREAT.

The U.S. could start another bombing campaign that will make Iran fire missiles to its neighbors, and Iran said the next batch of missiles will hit its neighbors' Crude Oil drilling capabilities if the U.S. bomb their power infrastructure.

The solution turned out to be extremely simple-the U.S. will also block the Strait of Hormuz for those ships that have paid for passage through it! And anything could happen there-seizure/confiscation of ships and cargo, and so on.
Importantly, Iran may achieve tactical “successes,” but strategically, Iran will simply lose the ability to sell its oil, since the only route for its delivery is… the Strait of Hormuz, which will be blocked.
Other regional oil suppliers to the market are already actively working on solutions that will allow them to bypass the Strait of Hormuz altogether. As a result, in the long term,  blocking the strait will become a problem  precisely for Iran.

P.S. The best example of the saying: “Both sides can play this game.”

[Wind_FURY]

The delusions of Iran’s military junta (and don’t tell me that’s not the case RIGHT NOW) are very reminiscent of Russia’s delusions that everyone will buy Russian gas and oil for rubles! You had a good laugh at that too, didn’t you?

The people who believe that the United States doesn't have leverage in the situation haven't truly read through that situation. There are countries in the region that have started agreeing with China in using the Yuan for Oil exports. That's literally an attack on the U.S. Dollar from the United States' point of view. So what did they do? Start a war and make Iran a THREAT.

The U.S. could start another bombing campaign that will make Iran fire missiles to its neighbors, and Iran said the next batch of missiles will hit its neighbors' Crude Oil drilling capabilities if the U.S. bomb their power infrastructure.

The solution turned out to be extremely simple-the U.S. will also block the Strait of Hormuz for those ships that have paid for passage through it! And anything could happen there-seizure/confiscation of ships and cargo, and so on.
Importantly, Iran may achieve tactical “successes,” but strategically, Iran will simply lose the ability to sell its oil, since the only route for its delivery is… the Strait of Hormuz, which will be blocked.
Other regional oil suppliers to the market are already actively working on solutions that will allow them to bypass the Strait of Hormuz altogether. As a result, in the long term,  blocking the strait will become a problem  precisely for Iran.

P.S. The best example of the saying: “Both sides can play this game.”

The Strait of Hormuz has simply become - The Strait of Trumporz.

      

But jokes aside, is the strait actually now open to all ships? Did Iran agree to a permanent peace agreement with the United States? And, I believe, the most important question - Did the United States get all of Iran's enriched Uranium stockpile?

Because if Iran surrenders their Uranium stockpile, then the United States will stop attacking them.

[Myleschetty]

The Strait of Hormuz has simply become - The Strait of Trumporz.

      

But jokes aside, is the strait actually now open to all ships? Did Iran agree to a permanent peace agreement with the United States? And, I believe, the most important question - Did the United States get all of Iran's enriched Uranium stockpile?

Because if Iran surrenders their Uranium stockpile, then the United States will stop attacking them.

According to what I read from today's news at this present time which was allegedly stated by the Iranian Foreign Minister Abbas Araghchi.
The Strait of Hormuz is not fully open to all ships on a permanent basis. But, Iran has stated a completely open to all commercial vessels for the remaining period of the temporary 10days ceasefire linked to the Israel-Lebanon situation.

They have not agreed to a permanent peace agreement with the United States.

[DrBeer]

The delusions of Iran’s military junta (and don’t tell me that’s not the case RIGHT NOW) are very reminiscent of Russia’s delusions that everyone will buy Russian gas and oil for rubles! You had a good laugh at that too, didn’t you?
The only ones I really feel sorry for are the people of Iran, who are forced to endure the abuse of this totalitarian regime of religious fanatics

I do not know if Iran will succeed with this idea. However, as far as I know, and although Russia has not yet completely eliminated the USD from its trade operations. But their biggest customers, China, India and Turkiye, all use the yuan, rupee or UAE dirham instead of the USD to trade. Would you call this a failure?

I do not mean to offend or argue, but you should worry about yourself and your country, instead of worrying about the Iranian people. Because if your country were led by a president who was smart enough, Ukraine wouldn't become a pawn on the political chessboard of the US and Russia.

https://www.bloomberg.com/news/articles/2026-03-25/india-refiners-tap-dollar-alternatives-to-purchase-russian-oil
https://www.reuters.com/business/energy/traders-seek-yuan-payment-indian-state-buyers-russian-oil-sources-say-2025-10-07/

Yes, it is with great regret that the Iranian people have become hostages of the Iranian military junta and are suffering all the consequences of this conflict. I sincerely feel for them, but I believe that the Iranian people will gain their freedom and regain control of their country!

Regarding the use of the yuan and the rupee by Russia as well. The situation there isn’t all that positive. For example, a significant portion of the funds in yuan is simply blocked in Chinese banks, and most of the funds in rupees are in Indian banks. This means that Russia does not have the ability to freely dispose of this money. They can use them to pay for whatever China and India allow them to buy, and at whatever price China and India set. This is a model of “financial slavery,” not “friendly assistance.”

[passwordnow]

According to what I read from today's news at this present time which was allegedly stated by the Iranian Foreign Minister Abbas Araghchi.
The Strait of Hormuz is not fully open to all ships on a permanent basis. But, Iran has stated a completely open to all commercial vessels for the remaining period of the temporary 10days ceasefire linked to the Israel-Lebanon situation.

They have not agreed to a permanent peace agreement with the United States.

The media is very misleading. If that's for real, then they should have stated that it's not yet signed into deal. What I've read is that they've said they've fully opened it and these headlines are just giving the vibes of " - Iran " who said that it's not fully open. I wonder what will happen if this ceasefire ends and if Iran is truly opening the Strait after that period that they have given. Or we just hope for the best that they'll open it wholly when they agree on all conditions that both parties have set.

[Coyster]

But, Iran has stated a completely open to all commercial vessels for the remaining period of the temporary 10days ceasefire linked to the Israel-Lebanon situation.

That's correct. The Strait was meant to be reopened for the entire duration of the ceasefire between Iran and the United States. But Iran requested that Israel stop their hostilities towards Lebanon for that to happen. Now that Israel has reached a 10-day ceasefire with Lebanon, Iran have now agreed that that the Strait would be completely open for the duration of the ceasefire.

That said, the United States aren't removing their blockade in the Strait, and i think that makes things more confusing. Because why would Iran uphold this agreement, when the U.S. is blocking only vessels moving from Iranian ports from passing, effectively stopping them from selling oil, until an agreement is reached regarding the nuclear program. As a result of this, i am pretty sure vessels would still be cautious about crossing the Strait and we'd see what traffic looks like in the waterway in the next few days.

[boyptc]

That said, the United States aren't removing their blockade in the Strait, and i think that makes things more confusing. Because why would Iran uphold this agreement, when the U.S. is blocking only vessels moving from Iranian ports from passing, effectively stopping them from selling oil, until an agreement is reached regarding the nuclear program. As a result of this, i am pretty sure vessels would still be cautious about crossing the Strait and we'd see what traffic looks like in the waterway in the next few days.

They're only waiting for a full agreement then they'll remove the full blockade in the Strait. I guess that US is making things more confusing to make this deal happen.

It is not them who are in the bad situation here but Iran. I'm not siding with any of them but only for the beneficial decisions that will show how truthful they are to this peace talk.

As there's already a go signal for the vessels to pass, maybe we can take that as a good development and progress until everything is clear and done.

[Wind_FURY]

The Strait of Hormuz has simply become - The Strait of Trumporz.

      

But jokes aside, is the strait actually now open to all ships? Did Iran agree to a permanent peace agreement with the United States? And, I believe, the most important question - Did the United States get all of Iran's enriched Uranium stockpile?

Because if Iran surrenders their Uranium stockpile, then the United States will stop attacking them.

According to what I read from today's news at this present time which was allegedly stated by the Iranian Foreign Minister Abbas Araghchi.
The Strait of Hormuz is not fully open to all ships on a permanent basis. But, Iran has stated a completely open to all commercial vessels for the remaining period of the temporary 10days ceasefire linked to the Israel-Lebanon situation.

They have not agreed to a permanent peace agreement with the United States.

Actually, the strait is open to ALL vessels except to the United States warships.

What's more important is Iran's enriched Uranium stockpile. Trump said in a speech in Phoenix that "the United States will excavate all of them", and take them in U.S. territory. But Iran denied it and said that "their Uranium is not going anywhere".