Iran to charge tanker transit tolls in Bitcoin, per the FT Iran wants to charge $2M per VLCC transit, which works out to $450M a month, and about $1 per barrel of crude oil, equivalent to a 1.4% toll on cargo value assuming $72 per barrel. Apply the same fee proportionally to refined products and LNG, and the total toll would run at $670M/month (assuming pre-war volumes and prices). Caveat: the Iranian person who said this believes bitcoin payments are untraceable.(Alex Krüger)