this post was submitted on 09 Apr 2026
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451
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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[–] Samskara@sh.itjust.works 1 points 7 hours ago (1 children)

Have you read your link?

Geographically, the Strait of Hormuz is clearly what’s called a transit passage** strait**: it connects two open seas, has no alternative route, and is one of the busiest shipping lanes in the world. Under transit passage rules, other countries have an almost unrestricted right to sail and fly through. Iran can barely interfere at all.

[–] mathemachristian@lemmy.blahaj.zone 1 points 7 hours ago* (last edited 7 hours ago) (1 children)

yes

Iran is right about which rules are universal (innocent passage, not transit passage). ... The U.S. is also not a party to UNCLOS.

[–] Samskara@sh.itjust.works 1 points 7 hours ago (1 children)

International customary law applies even if you’re not a treaty member.

[–] mathemachristian@lemmy.blahaj.zone 2 points 7 hours ago* (last edited 7 hours ago)

** Iran is right about which rules are universal **

I don't know how much clearer it gets??? Who's gonna argue that UNCLOS is universal anyway? The US or pissrael? Neither of which are party to the UNCLOS and who very much assert authority outside their territorial waters?