8legs: Islamic revolutionary guard corps (irgc)

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#1 out of 2

world1d ago

Iran reportedly plans to charge oil tankers up to $2 million per vessel to transit the Strait of Hormuz using cryptocurrency payments.
The payments can be made not only in bitcoin but also in yuan or tether, signaling diverse crypto use for sanctions-era transit.
The US has taken a hard line, with Trump accusing Iran of extortion and vowing to intercept ships that paid tolls in crypto.
Crypto revenues for oil and sanctions relief are framed as potentially weakening the petrodollar system by embracing yuan payments.
The article notes around 4.5% of bitcoin mining occurs in Iran, enabling imports bypass but complicating regulation.
Nevertheless, bitcoin’s transparency on a public ledger can still allow real-time tracing of transactions.
The piece highlights a potential shift toward a 'petroyuan' as yuan payments gain prominence in trade under sanctions.
ConocoPhillips and ExxonMobil are cited as US oil firms that could benefit from higher crypto demand via crisis-era finance.
The article frames crypto use during blockades or geopolitical tension as a survival and profit tool for states and firms.
Trump and family are described as embracing crypto through own meme-coins and pro-crypto reforms.

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#2 out of 2

world1d ago

Iran closed the Strait of Hormuz early in the conflict, creating a climate of insecurity for global shipping.
Analysts warn reopening the strait would require a large international effort and a robust security framework.
The disruption threatens global energy markets, with oil and LNG transit through Hormuz integral to the world economy.
Iran’s tolling plan would demand payments in cryptocurrency or yuan from friendly ships, with unfriendly vessels barred.
Iran associates the strait with its deterrence strategy due to its weaker conventional forces.
U.S. and allied observers warn any long closure would cause lasting economic pain even after traffic resumes.
Iran may push to monetize the strait as a war-time revenue source, impacting neighbors and trading partners.
Tehran suggested a joint administration of a toll system with Iran at one point, highlighting uncertainty about policy.
Experts warn the strait’s closure illustrates how economic leverage can substitute for conventional military power.

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