Iran is introducing a $1 per barrel toll for oil tankers transiting the Strait of Hormuz, requiring payments in Bitcoin to circumvent international sanctions. This initiative, announced by Hamid Hosseini, spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union, aims to generate revenue for post-war reconstruction. The toll comes as shipping activity tentatively resumes following a ceasefire with the United States, although only a limited number of vessels are currently moving through the strait. Data indicates that crossings have plummeted by about 95 percent compared to normal conditions, with approximately 800 ships stranded in the Gulf since late February. Security concerns are exacerbated by recent attacks on commercial vessels, leading to altered shipping routes closer to Iran's coastline. Iran's toll proposal has faced legal pushback from Oman, which insists on maintaining free navigation in this critical international waterway, where historically no transit charges have been imposed. The future of shipping through the Strait of Hormuz remains uncertain amid these challenges.