Amidst the tension in the Middle East, Iran has made a big announcement regarding the Strait of Hormuz. During the two-week ceasefire, Iran clearly said that now oil ships passing through Hormuz will have to pay toll in cryptocurrency. Due to this, tensions regarding global oil trade and security have increased again.
In fact, Iran will take payment in crypto currency from all ships passing through the Strait of Hormuz. Here all the ships will have to pay one dollar per barrel.
According to sources related to Iran's oil and gas exports, every ship will first have to give its information and then pay the fixed fee. Iran will check every ship to prevent movement of weapons. Along with this, ships can also be instructed to pass near the coast of Iran, which has increased the concern of many countries.
According to media reports, the ships present in the Gulf have been warned through radio that military action may be taken if they pass without Iran's permission. It is clearly stated that ships breaking the rules can be targeted. This announcement by Iran has increased fear and uncertainty among shipping companies.
A two-week ceasefire is in effect between America and Iran, but the situation has not completely returned to normal. Trump has also said that this agreement will last only if Iran agrees to safely and completely open the Strait of Hormuz. At the same time, Iran wants to maintain control over its conditions.
