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GreatGazoo

(4,658 posts)
13. They accept Yuan and crypto
Wed Apr 8, 2026, 01:22 PM
Apr 8

$1 per barrel IF the country importing makes the cut:

Ship operators have to contact an intermediary company linked to the IRGC, and provide information about their vessel’s ownership, flag, the cargo manifest, destination, crew list, and data from its automated identification system, or AIS — a transponder that ships use to record and broadcast their position.

The intermediary passes the file onto the IRGC Navy’s Hormozgan Provincial Command for background checks on the ship to make sure that it has no links to Israel or the US, or other states that Iran considers to be enemies.

If a vessel makes the cut then discussions over the toll begin. The people said that the Iranians have a ranking system of one to five for nations, with ships from countries that are seen as friendly more likely to get better terms. For oil tankers, the starting price in the negotiations is typically around $1 per barrel of oil, paid in yuan, or stablecoins — cryptocurrencies pegged to the value of hard currency.


https://www.bloomberg.com/news/articles/2026-04-01/strait-of-hormuz-ships-paying-iran-yuan-and-crypto-tolls-for-safe-passage

Recommendations

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Yes and no. NT mahatmakanejeeves Apr 8 #1
Strait has been open to vessels flagged as non-US/Israel owned GreatGazoo Apr 8 #2
$2 million. Huh. Wednesdays Apr 8 #3
Right now underpants Apr 8 #6
Thanks for posting this 👍 MustLoveBeagles Apr 8 #14
Yep. Good one. Amaryllis Apr 8 #18
Likeness of the Ayatollah on one side Bluetus Apr 8 #11
They accept Yuan and crypto GreatGazoo Apr 8 #13
I don't think they have trump's face on them. Wonder Why Apr 8 #15
My cat says she has no interest in participating in this! OC375 Apr 8 #4
Smart Cat annielion Apr 8 #17
Exact change only. usonian Apr 8 #5
You beat me to it. 😂😂❤️ underpants Apr 8 #7
Great minds think alike. usonian Apr 8 #8
❤️ underpants Apr 8 #10
No Trumpcoins RetiredParatrooper Apr 8 #21
Depends on how we measure the Panama Canal. mr715 Apr 8 #9
Bravo WSHazel Apr 8 #12
Excellent! annielion Apr 8 #16
Sounds like a real CATatostrophe peppertree Apr 8 #19
Great point. Very apt analogy. Mblaze Apr 8 #20
depends on the radioactive material guarding it DBoon Apr 9 #22
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