Iran has announced plans to implement a toll system for vessels navigating the Strait of Hormuz, charging approximately $1 per barrel in cryptocurrency. This initiative, revealed by Hamid Hosseini, spokesperson for the Iran Oil Gas and Petrochemical Products Exporters Union, aims to monitor maritime traffic to prevent the potential transfer of weapons during a temporary ceasefire with the United States. Under the new system, vessels must submit cargo details via email before being assessed for tolls. Payments will be made in digital currencies, ensuring compliance with sanctions. Additionally, Iran has emphasized that vessels must adhere to specific routes closer to its coastline, raising concerns among Western and Gulf-linked operators. The situation is further complicated by Iran's warnings that any unauthorized movement in the Strait will be met with force. Currently, around 300-400 tankers are stranded in the Strait due to the ongoing conflict, although India has reportedly secured safe passage for some of its vessels without incurring tolls. Shipping companies are now looking for more information regarding the ceasefire's implications for transit in this crucial trade route.