“Iran… wants to receive the payments in cryptocurrency...to ensure that they can’t be traced or confiscated because of sanctions.”
— WSJ

“Iran is charging fees to tankers going through the Hormuz Strait.”
— Donald Trump, via Reuters, April 9, 2026

The U.N.’s shipping agency called a Hormuz toll a “dangerous precedent"...because transit passage through international straits is protected under
international law.

“In any comprehensively sanctioned jurisdiction, crypto is useful… It’s very easy to settle cross-border trades.”
— Chainalysis analyst, via WSJ

“The Central Bank of Iran has acquired at least $507 million of tether… to settle international trade.”
— Elliptic

Iran’s crypto ecosystem reached about $7.8 billion in 2025.
— Chainalysis