Tankers urged not to pay toll to Iran for use of strait

Tanker firms are being advised not to pay Iran any levies in return for safe passage through the Strait of Hormuz.

Iran has stirred controversy by demanding that oil tankers pay tolls in cryptocurrency to pass through the Strait of Hormuz, a move perceived as trolling former U.S. President Donald Trump, a known crypto supporter with his own $TRUMP meme coin. Although Trump touted a recently negotiated ceasefire with Iran as a diplomatic win, Iran's new toll demand—absent before the conflict—suggests tensions may be resurfacing. Iran insists the toll, set at $1 per barrel and payable in digital currencies, is necessary to monitor shipment activities and prevent illicit weapon transfers during the two-week truce.

U.S. President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. 'There are reports that Iran is charging fees to tankers going through the Hormuz Strait,' Trump wrote on Truth Social. 'They better not be and, if they are, they better stop now.'

U.S. President Donald Trump said on April 9 Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. 'There are reports that Iran is charging fees to tankers going through the Hormuz Strait,' Mr Trump wrote on Truth Social. 'They better not be and, if they ... .'