Iran has effectively transformed the Strait of Hormuz into a waterway toll plaza run by the Islamic Revolutionary Guard Corps (IRGC), reported Yahoo Finance earlier today.
Ships seeking passage now must submit detailed vessel data, including ownership, flag, cargo, crew, destination, and real-time tracking, and pay in crypto or Chinese Yuan to cross the critical trade route. This offer is for “friendly” nations only, while US and Israel-bound ships are simply not allowed. Iran has banned the US Dollar for payments too.
