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Has Iran Turned the Strait of Hormuz into a Crypto Toll Gate?
Immediately following the US-Israel-Iran ceasefire announced in April 2026, a historic turning point occurred in the Strait of Hormuz, through which 20% of the world's oil passes. Iran officially announced that it has begun collecting transit fees from full oil tankers passing through the strait. The fee is $1 per barrel. Payment methods include Bitcoin, stablecoins, or Chinese yuan. Alaeddin Boroujerdi, a member of Iran's National Security Committee, stated on state television, "We are collecting $2 million in transit fees from some ships; this demonstrates Iran's power."
How does the system work?
A full VLCC supertanker carries approximately 2 million barrels of oil → Fee ≈ $2 million
The IRGC (Iranian Revolutionary Guard Corps) examines the ship's owner, flag, and cargo. If there is a US/Israel connection, transit is denied. Empty tankers pass free.
Payments are received via cryptocurrency within "a few seconds." According to TRM Labs, this method amounts to "state-level cryptocurrency sanctions circumvention."
What's the current situation?
Strait traffic has almost completely stopped since the ceasefire. Only one tanker passed through on April 8th. Before the war, on February 27th, there were 53 tankers = 21.5 million barrels/day.
What would the potential impact be?
If traffic returns to pre-war levels: 21.5 million barrels/day x $1 = $21.5 million/day in revenue. This translates to $645 million per month, or $7.74 billion per year. This figure is equivalent to 14% of Iran's annual $50-55 billion oil exports.
Bitcoin detail: A $2 million fee, at a price of $72,000 BTC, is approximately 27.7 BTC. Theoretically, if 130 ships/day passed, there would be a demand of 3,601 BTC/day. However, as of April 11, 2026, the number of ships passing through the strait is less than the fingers on one hand.
CONCLUSION
Iran's move is a game-changer on 3 fronts:
Geopolitical: For the first time since the 1970s, the petrodollar system is being directly challenged by the state. The demand for tolls in non-dollars is both symbolic and a structural break.
Financial: If the system operates at full capacity, it means an additional +$7.74 billion in annual revenue for Iran. China's CIPS payment system and cryptocurrency are being used together to bypass sanctions.
Cryptocurrency: Bitcoin has become a "toll" for the first time on an international waterway. This narrative alone boosted BTC by 7%.
Has Iran really turned the Strait of Hormuz into a cryptocurrency toll booth? For now, no, it's not yet "earning 3,601 BTC a day" because traffic is at a standstill. But if the tap is opened, a new era will begin for both the oil and Bitcoin markets.
$BTC #GateSquareAprilPostingChallenge
Immediately following the US-Israel-Iran ceasefire announced in April 2026, a historic turning point occurred in the Strait of Hormuz, through which 20% of the world's oil passes. Iran officially announced that it has begun collecting transit fees from full oil tankers passing through the strait. The fee is $1 per barrel. Payment methods include Bitcoin, stablecoins, or Chinese yuan. Alaeddin Boroujerdi, a member of Iran's National Security Committee, stated on state television, "We are collecting $2 million in transit fees from some ships; this demonstrates Iran's power."
How does the system work?
A full VLCC supertanker carries approximately 2 million barrels of oil → Fee ≈ $2 million
The IRGC (Iranian Revolutionary Guard Corps) examines the ship's owner, flag, and cargo. If there is a US/Israel connection, transit is denied. Empty tankers pass free.
Payments are received via cryptocurrency within "a few seconds." According to TRM Labs, this method amounts to "state-level cryptocurrency sanctions circumvention."
What's the current situation?
Strait traffic has almost completely stopped since the ceasefire. Only one tanker passed through on April 8th. Before the war, on February 27th, there were 53 tankers = 21.5 million barrels/day.
What would the potential impact be?
If traffic returns to pre-war levels: 21.5 million barrels/day x $1 = $21.5 million/day in revenue. This translates to $645 million per month, or $7.74 billion per year. This figure is equivalent to 14% of Iran's annual $50-55 billion oil exports.
Bitcoin detail: A $2 million fee, at a price of $72,000 BTC, is approximately 27.7 BTC. Theoretically, if 130 ships/day passed, there would be a demand of 3,601 BTC/day. However, as of April 11, 2026, the number of ships passing through the strait is less than the fingers on one hand.
CONCLUSION
Iran's move is a game-changer on 3 fronts:
Geopolitical: For the first time since the 1970s, the petrodollar system is being directly challenged by the state. The demand for tolls in non-dollars is both symbolic and a structural break.
Financial: If the system operates at full capacity, it means an additional +$7.74 billion in annual revenue for Iran. China's CIPS payment system and cryptocurrency are being used together to bypass sanctions.
Cryptocurrency: Bitcoin has become a "toll" for the first time on an international waterway. This narrative alone boosted BTC by 7%.
Has Iran really turned the Strait of Hormuz into a cryptocurrency toll booth? For now, no, it's not yet "earning 3,601 BTC a day" because traffic is at a standstill. But if the tap is opened, a new era will begin for both the oil and Bitcoin markets.
$BTC #GateSquareAprilPostingChallenge