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Iran turns to bitcoin for shipping insurance through the Strait of Hormuz

Published on: Monday 18 May 2026

Iran has a plan to use bitcoin as payment for insuring ships looking to transit the Strait of Hormuz as the war heads toward the end of its third month.

News source: https://www.businessinsider.com/iran-bitcoin-strait-of-hormuz-crypto-oil-trump-btc-trump-2026-5

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My Financial News from Iran, Insurance

Iran turns to bitcoin for shipping insurance through the Strait of Hormuz