Nora Jones

Let's put C3 up there on the screen.

Iran now demands crypto fees for ships passing Hormuz through CISFAR.

I'm going to read through this just to show you exactly how much control they have over the Straits of Hormuz so you can actually hear it out.

Hamad Hosseini, he's a spokesperson for the Iranian Oil and Gas Exporters Union, told the Financial Times Iran wanted to collect toll fees from any tanker passing and to assess each ship.

Quote, Iran needs to monitor what goes in and out of the strait

to ensure these two weeks aren't used for transferring weapons everything can pass through but the procedure will take time for each vessel and iran is not in a rush so this is not just charging a fee this is like being boarded by the coast guard some sort of customs union and we're not talking about you know we're not talking about in their desk area just in their territorial waters we're talking about in a previously free and open international shipping corridor

where basically it's now like here in the Potomac River, where if you have a boat and this coast, they're like, oh, where's your license?

Can we see the cargo list?

What do you have on board?

Now, let me continue.

They also say that it is halting passage of the oil tankers in response into the Israeli strikes on Lebanon.

But before that, any tanker passing

must send, exactly as I said, a cargo listing that informs them of what is on board.

Iran will then inform them of the toll to be paid.

He said that the tariff is now $1 per barrel of oil, adding that empty tankers may be allowed to pass freely.

Once the email arrives and Iran completes its assessment,

Vessels will be given a few seconds to pay in Bitcoin, ensuring that they can't be traced or confiscated due to sanctions.

The tankers on the Gulf have received a radio broadcast saying they will be targeted with military strikes unless they first gain approval from Iranian authority.

total and complete control of the Strait of Hormuz.

It literally rivals like, you know, any other choke point in the globe, like the Panama Canal or Egypt.