Iran to Officially Insure Strait of Hormuz Transit After Bitcoin Payment (heise.de)

• Strait of Hormuz remains largely blocked for global trade.
• Iran permits some ships to pass for payment.
• Official transit insurance to be payable in Bitcoin.

"Iran plans to formalize a scheme where ships pay Bitcoin for insurance to pass through the Strait of Hormuz. The strait remains largely blocked, but some vessels are allowed through upon payment. This move could institutionalize a new revenue stream and bypass dollar dependency."