[...]
It is not clear if last night’s ceasefire agreement will impact the toll system in the near-term, although some ships have begun moving through the strait as of April 8. The toll system has typically worked as follows:
- Ship operators contact an IRGC-linked intermediary (unnamed company) and submit vessel ownership records, flag registration, cargo manifests, destination ports, crew lists, and AIS tracking data
- The IRGC screens the vessel — checking for ties to the US or Israel; ships from enemy nations are denied entirely
- Iran applies a five-tier nationality ranking system — nations ranked 1–5 by "friendliness," with friendlier nations receiving lower toll rates
- Payment is negotiated — oil tanker fees start at approximately USD 0.50–1 per barrel of crude (rate varies by nationality tier); a fully loaded VLCC (~2 million barrels) pays approximately USD 2 million; container ships and other vessel types are negotiated individually
- Payment must be in Chinese yuan (via Kunlun Bank / CIPS) or digital assets
- After payment, the vessel receives a VHF-broadcast passcode and IRGC Navy escort through a northern corridor around Larak Island
...read more at trmlabs.com
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Seeing as how Tether already froze Venezuela funds at the behest of the US government it sure seems unlikely Iran would use stablecoins for the toll.
Yeah, I don’t think they’d be that stupid either!