Alex Krüger: Iran plans Bitcoin-based transit tolls for oil tankers

Alex Krüger: Iran plans Bitcoin-based transit tolls for oil tankers
Iran to charge Bitcoin tanker tolls

Iran is set to require Bitcoin payments for transit tolls on very large crude carriers (VLCCs), according to Alex Krüger. The proposed toll is $2 million per VLCC transit, which totals about $450 million each month and is equivalent to $1 per barrel of crude oil. This amounts to approximately a 1.4% toll based on a $72 per barrel cargo value.

Krüger also suggests applying the same fee structure proportionally to other calculations.

Krüger has previously urged caution in volatile environments, advising traders to act decisively only when uncertainty decreases in his market commentary. He has also described crypto trading as unpredictable and especially challenging for those relying on logic, according to a recent note. The current proposal for Bitcoin-denominated tolls comes as part of his continued analysis of unconventional market developments.

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