Business
Ceasefire agreement opened Strait of Hormuz on paper — Iran lets 12 ships pass daily and demands cryptocurrency
After a two-week ceasefire between the U.S. and Iran, fewer than a dozen vessels passed through the strait. Tehran has imposed a traffic limit, collecting tolls exceeding a million dollars per voyage and demanding payment in bitcoin or yuan—a scheme that could itself violate sanctions.
April 10, 2026
