Iran Collected Strait of Hormuz Toll in Foreign Currency, Not Bitcoin

Iran's central bank announced that the first transit fee collected from ships passing through the Strait of Hormuz was paid in "cash foreign currency," contradicting earlier reports that the toll would be collected in cryptocurrency. The payment was deposited directly into bank accounts in foreign currency, according to the Iranian Central Bank statement.

Haji Babae, deputy speaker of the Iranian Islamic Parliament, confirmed in a separate statement that the first payment had been received and transferred to Central Bank accounts.

US-Iran Tensions Over the Strait

The announcement comes amid ongoing disputes between Iran and the United States over the Strait of Hormuz. On the same day, US President Donald Trump announced that he has tripled the size of the task force used to clear mines in the Strait of Hormuz. Despite US actions, four Iranian cargo ships successfully crossed the Strait of Hormuz, according to reports.