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Iran to Charge Fees for Vessels Transiting the Strait of Hormuz, Payments Acceptable in Digital Currency

According to market news, Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Exporters Union, stated on Wednesday that during a two-week ceasefire, Iran will require vessels to pay a toll to transit the Strait of Hormuz. All goods will be allowed to pass, but the clearance procedures for each vessel will take time. Each tanker must first send the details of its cargo via email to be informed of the fees, which can be paid using digital currencies, including Bitcoin.

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