Oil tankers and cargo ships line up in the Strait of Hormuz. Photograph: Altaf Qadri/APIran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire. Hamid Hosseini, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, told the Financial Times on Wednesday that Iran wanted to collect tolling fees from any tanker passing and to assess each ship. Decisions on the conditions for passing the strait are taken by Iran’s supreme national security council. Later on Wednesday, Iran said it was halting the passage of oil tankers through the Strait of Hormuz in response to Israeli strikes on Lebanon.

Source: The Irish Times April 08, 2026 18:17 UTC