Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire - Slashdot
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An anonymous reader quotes a report from the Financial Times: Iran will demand that shipping companies pay tolls in cryptocurrency for laden oil tankers passing through the Strait of Hormuz (source paywalled; alternative source), as it seeks to retain control over passage through the key waterway du...

He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.

    • DirtSona@feddit.orgEnglish
      1·
      5 hours ago

      This one? United Nations Convention on the Law of the Sea (UNCLOS)?

      As far as I found out neither the US, nor Iran ratified this.

      If you want to argue with law you need to have a law which all states involved follow.

      • Samskara@sh.itjust.worksEnglish
        35·
        24 hours ago

        It’s considered international by international maritime law. Free passage, freedom of navigation is essential to trade and commerce.

        Iran‘s attack on international shipping is a breach of international law and an act of war.

        A blockade can be legal under international law, but it’s always an act of war. Demanding a toll to pass means it’s not a legal blockade.

        • BoJackHorseman@lemmy.todayEnglish
          2·
          6 hours ago

          There is no such thing as international law if countries don’t agree to it.

          For example the United States has laws and policies designed to prevent the arrest of U.S. personnel and its allies by the International Criminal Court (ICC). The 2002 American Service-Members’ Protection Act (ASPA) authorizes the US President to use “all means necessary and appropriate” to release U.S. or allied personnel detained by the ICC, often termed the “Hague Invasion Act”.