Strait | Crypto

Bitcoin climbed toward $80,000 after Iran said the Strait of Hormuz was fully open to commercial traffic for the remainder of the ceasefire period, easing pressure on one of the world’s most important energy chokepoints and triggering a broader risk-on move across markets. The largest cryptocurrency rose 5% on the news to as high as […] The post Bitcoin price jumps towards $80,000 after Strait of Hormuz shipping route declared open appeared first on CryptoSlate.

Bitcoin surged above $77,000 as oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open for the remainder of the ceasefire between the US, Israel and Iran. Update (4.17.26 6:43 PM UTC): This article has been updated to reflect updated BTC prices and rally data. Iran’s foreign minister said Friday that the Strait of Hormuz is open to commercial vessel traffic for the remainder of the current ceasefire, prompting quick market reactions. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” said Iranian Foreign Minister Seyed Abbas Araghchi in a Friday X post. Read more

Bitcoin rallied to $72,500 as US stocks reacted to US efforts to blockade the Strait of Hormuz. Despite the rebound, BTC traders warned that a price correction remains a risk. Bitcoin (BTC) reversed its losses after Monday’s Wall Street open as markets digested the newest developments in the US-Iran war. Key points: Bitcoin joins US stocks in a relief bounce despite the US blockade of the Strait of Hormuz going ahead. Read more

"Effective immediately, the United States Navy ... will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz," said the president in a social media post.

Iran may accept BTC for oil tanker passage through the Strait of Hormuz, while Morgan Stanley just helped drive a huge day for Bitcoin ETFs.

Empty tankers will reportedly be permitted to pass through the waterway under the US-Iran deal, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin. Hours after US President Donald Trump claimed that Iran and the United States had agreed to a two-week ceasefire that included opening the Strait of Hormuz, Iranian authorities are reportedly considering charging ships using the waterway in cryptocurrency. According to a Wednesday Financial Times report, a spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union said empty oil tankers will be able to pass through the Strait of Hormuz without incurring charges, but certain ships will need to pay a tariff of $1 per barrel of oil in Bitcoin (BTC). The spokesperson, Hamid Hosseini, reportedly said Iranian authorities would also assess each ship using the waterway over the two-week period to ensure it wasn’t transporting weapons. Read more

Iran’s reported Bitcoin tolls at Hormuz point to a new use case for crypto, sanctions-resistant trade infrastructure Iran is reportedly planning to charge oil tankers a Bitcoin-denominated toll for passage through the Strait of Hormuz. The move would be significant as it extends beyond price action, ideology, or adoption rhetoric. The development places Bitcoin inside […] The post Iran wants Bitcoin as payment to guarantee ships safe passage through the Strait of Hormuz – FT appeared first on CryptoSlate.

Iran plans to collect cryptocurrency and other digital payments as transit fees from fully loaded oil tankers passing through the Strait of Hormuz, said the report.