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Posted by Abdulwahid
 - Apr 03, 2026, 06:37 PM
Iran is reportedly collecting payments from ships that pass through the Strait of Hormuz, and some of these payments are being made in Chinese yuan and cryptocurrency. Reports say this system started becoming more organized after about a month of tension and conflict involving the United States and Israel. Sources familiar with the situation told Bloomberg that the arrangement is gradually becoming a structured process.

According to the report, oil tankers moving through the Strait of Hormuz may be asked to pay around $1 per barrel of oil as a toll. For very large crude carriers, this could amount to nearly $2 million for a single trip. This development suggests that Iran is trying to control and benefit financially from one of the world's most important oil shipping routes.

A major shipping intelligence company, Lloyd's List Intelligence, described the situation as a "de facto toll booth system" where Iran monitors and controls ships passing through the strait. The company explained that Iran is managing which ships are allowed to pass and ensuring they provide certain information before continuing their journey safely.

Ships are reportedly required to submit details such as cargo manifests, crew information, and final destinations to Iran's Revolutionary Guard. This information is sent to the Hormozgan Provincial Command for checks related to sanctions, cargo type, and geopolitical concerns. The focus is mainly on oil shipments, which are considered the most important.

The report also noted that not all ships are currently paying the toll, but at least two vessels have already made payments in Chinese yuan. This shows that the payment system is gradually being implemented, especially for ships carrying oil. The use of yuan instead of US dollars may be linked to international sanctions and financial restrictions on Iran.

Experts warn that such payments could violate American and European sanctions on Iran's Revolutionary Guard, which controls major military operations and strategic assets in the country. Although Iran has not officially explained the full process, a Foreign Ministry spokesperson has hinted in an interview that some ships are indeed making payments to pass through the Strait of Hormuz.

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