Iran to Require Bitcoin Payments at the Strait of Hormuz: BTC Breaks Above $72,000
The Financial Times reports that Iran may start accepting Bitcoin as payment for ships passing through the Strait of Hormuz. This important waterway carries about 20% of the world’s oil and gas. The proposed fee would be $1 for each barrel of oil carried. For a large oil tanker carrying two million barrels, this could mean a toll of up to $2 million per trip.

