Iran Says Strait of Hormuz Transit Fees Reach $1.5M–$2M per Vessel, Some Paid in USDT
Iran is reported to be collecting about $1.5 million to $2 million per ship for passage through the Strait of Hormuz, with some payments allegedly settled in Tether's USDT rather than cash or barter. A parliament member said the proceeds are deposited into the treasury under the budget law and spent in designated areas. U.S. OFAC has cautioned maritime firms that digital-asset payments connected to Iranian blocked entities could expose them to secondary sanctions.