According to Bloomberg, the Iranian Revolutionary Guard Corps (IRGC) has introduced a new maritime toll system for ships passing through the Strait of Hormuz.
Under this system, ships are charged approximately $1 per barrel, and payments can only be made in Chinese Yuan or $crypto currency.
For ships to pass through, they must previously submit documents containing ship and cargo information to IRGC-affiliated intermediaries.
After payment and approval, ships are issued a passage permit code and navigation instructions; thus, safe passage through the strait is ensured.
According to Bloomberg, this system offers Iran a strategic advantage both in energy trade and geopolitical balances.