BREAKING
Over the past 72 hours, Iran’s IRGC reportedly cleared nearly 100 tankers through the Strait of Hormuz under the newly formed “Persian Gulf Strait Authority.”
Transit fees? Allegedly as high as $2M per tanker — settled in Bitcoin.
That’s potentially $100M+ in just 3 days, flowing through one of the world’s most critical energy chokepoints, outside the traditional dollar system.
If oil trade can move without SWIFT or USD settlement, what does that mean for the future of the petrodollar?
