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'300 SHIPS SCRAMBLE...': Iran's $1/Barrel CRYPTO Toll 'LOCKS' Hormuz | US Warns, 'Don't Test Truce'

| Apr 09, 2026, 04:46:18 PM | TOI.in
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A global oil lifeline, now comes with a price tag? Iran is tightening control over one of the world’s most critical chokepoints, the Strait of Hormuz, a narrow passage through which nearly 20% of the world’s oil flows. And now, Iran wants to charge for every barrel that crosses it, despite a two-week ceasefire with the United States (US), under which Iran agreed to temporarily reopen the route. According to a Financial Times report, Tehran plans to impose a $1 per barrel toll, demanding payment in cryptocurrency from oil tankers to pass through the strategic Strait. Watch the video for more details.

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