Iran’s Oil, Gas and Petrochemical Products Exporters’ Union confirmed bitcoin is accepted as payment for ships transiting the Strait of Hormuz, charging a fee of $1 per barrel, up to two million barrels per tanker. The move aligns with the Islamic Revolutionary Guard Corps’ expanding use of cryptocurrency, documented by Chainalysis, to skirt sanctions in oil trade. Earlier data showed IRGC‑linked financiers moving $178 million in crypto‑facilitated oil sales and nearly a billion dollars in weapons and commodity purchases, while Houthi forces consider a second chokepoint in the Red Sea. Read on coindesk.com