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How are oil tankers using secret codes & crypto to pass through the Strait of Hormuz?
short by Ashley Paul / on Thursday, 2 April, 2026
Iranian Navy is doing background checks on oil tankers passing through the Strait of Hormuz to make sure they have no US/Israel links, Bloomberg reported. Once cleared, ships are asked to pay a "toll", which has a starting price of $1/barrel, in Chinese yuan or cryptocurrency. They then get a secret permit code, which they broadcast while crossing the Strait.
read more at Moneycontrol