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.

      • BoJackHorseman@lemmy.todayEnglish
        1·
        13 hours ago

        International law has no meaning if nations don’t participate.

        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”.

      • mathemachristian [he/him]@lemmy.blahaj.zoneEnglish
        3·
        1 day ago

        ** Iran is right about which rules are universal **

        I don’t know how much clearer it gets??? Who’s gonna argue that UNCLOS is universal anyway? The US or pissrael? Neither of which are party to the UNCLOS and who very much assert authority outside their territorial waters?