Following US President Donald Trump’s claim that a two-week ceasefire agreement has been reached with Iran and the Strait of Hormuz will be opened, Iranian officials plan to charge fees from ships using the strait in Bitcoin (BTC). According to the Financial Times report on Wednesday, Hamid Hosseini, spokesperson for the Iran Oil, Gas and Petrochemical Products Exporters Union, stated that empty oil tankers can pass for free, while other ships must pay the equivalent of 1 dollar per barrel in BTC. Officials will inspect each ship within the two-week period to check if it carries weapons, and the payment will be arranged to be made in BTC within seconds after the payment email arrives, in an untraceable manner.
Iran’s BTC Payment System and War Impacts
After US-Israel airstrikes, the strait remained largely closed, crude oil prices exceeded 100 dollars per barrel for the first time in four years, and BTC price fluctuated between 65,000-75,000 dollars. Before the war, Iran was using crypto to bypass sanctions; its central bank acquired 500 million dollars worth of Tether USDT stablecoin in January, and according to TRM Labs data, a total of 3.7 billion dollars in crypto flow was recorded between January-July 2025. Iranian state media reported that it presented a 10-point plan to the US for the agreement. This development highlights BTC as an asset protected from geopolitical risks.
BTC Technical Analysis: Current Price and Trends
Current BTC price at 72.993,70 USD level, 24-hour change +%0,27. RSI at 61,32 in neutral zone, overall trend upward but Supertrend giving bearish signal. EMA 20: 70.245,95 USD.
- Supports:
- S1: 72.601,55 USD (Score: 70/100 ⭐ Strong, -%0,58 distance)
- S2: 68.115,84 USD (Score: 65/100 ⭐ Strong, -%6,73 distance)
- Resistances:
- R1: 73.125,37 USD (Score: 67/100 ⭐ Strong, +%0,13 distance)
- R2: 75.421,40 USD (Score: 66/100 ⭐ Strong, +%3,28 distance)
These levels are critical for BTC futures. With the Hormuz development, BTC volatility may increase; check BTC detailed analysis for detailed charts.
Frequently Asked Questions About Strait of Hormuz BTC Payments
Will the strait passage fee be paid in BTC? Yes, equivalent to 1 USD per barrel in BTC, with anonymous transaction in seconds.
Which ships will pass for free? Empty oil tankers exempt, others will pay after inspection.
How will this affect BTC price? Geopolitical demand increase expected, may support uptrend but resistances will be tested.
Source: https://en.coinotag.com/iran-charges-btc-passage-fee-in-the-strait-of-hormuz
