Wednesday, 8 April 2026

Trump creates permanent Hormuz chaos with Iran demanding bitcoin toll


Before this elected war, due to Trump's recklessness and poor thinking, all was well in the Strait of Hormuz. No problems. 120 ships came and went unhindered for years until Trump blundered bigtime.

Now, no matter what happens with this unnecessary war, it seems likely that Iran will be charging shipping companies huge amounts of money in bitcoin to pass through the strait as a form of toll, depending on the origin and I suppose destination of the ship and whether it carries cargo or not.

The point is that there will be a Hormuz toll system in place for the indefinite future it seems to me and well after this crazy and sad war has ended.

This will have a very negative impact on world trade in the future. And it will create more friction between nations. 

Iran has realised that they have a massive amount of leverage when in charge of the Strait of Hormuz and they are prepared to use it both to hurt Western trade and to bring in much need income.

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P.S. please forgive the occasional typo. These articles are written at breakneck speed using Dragon Dictate. I have to prepare them in around 20 mins. Also, sources for news articles are carefully selected but the news is often not independently verified. And, I rely on scientific studies but they are not 100% reliable. Finally, (!) I often express an OPINION on the news. Please share yours in a comment.

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