this post was submitted on 09 Apr 2026
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450
Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire (slashdot.org)
submitted 2 days ago* (last edited 2 days ago) by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
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He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. "Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can't be traced or confiscated due to sanctions," Hosseini added.

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[–] AlDente@sh.itjust.works 7 points 6 hours ago* (last edited 6 hours ago) (2 children)

This would be the United Nations Convention on the Law of the Sea (UNCLOS). It's interesting that the US is among the nations that have never ratified the treaty.

Also, Denmark has a long 500+ year history of charging ships to transit in and out of the Baltic Sea, so this really isn't a new concept (Sound Tolls).

All foreign ships passing through the strait, whether en route to or from Denmark or not, had to stop in Helsingør and pay a toll to the Danish Crown. If a ship refused to stop, cannons in both Helsingør and Helsingborg could open fire and sink it.

[–] VAK@lemmy.world 1 points 5 hours ago

There used to be hundreds of cases of charges for transit. Led to wars too.

[–] mathemachristian@lemmy.blahaj.zone 1 points 6 hours ago* (last edited 4 hours ago)

I thought they meant this law but wasn't sure. That treaty has not been ratified by the US, Pissrael and most importantly, Iran! So it doesn't apply and we are talking about a war where neither the invading nations nor the victim nation has signed it.

https://www.simplelaw.blog/p/the-strait-of-hormuz-a-3-minute-international