Iran Collects Up to $2M Per Vessel in Strait of Hormuz, Some Payments in USDT

According to Iran International on June 7, Iran is collecting an average of $1.5 to $2 million per vessel transiting the Strait of Hormuz, a chokepoint carrying approximately 25% of global crude traffic. Mohsen Zanganeh, a member of Iran's parliament budget committee, confirmed that some payments are being settled in USDT, the largest stablecoin by market capitalization, with funds deposited directly into the national treasury.

The U.S. Office of Foreign Assets Control (OFAC) has warned maritime firms that engaging with Iranian digital asset transactions could expose them to secondary sanctions for supporting Iran's sanctioned financial sector.