Iran'sambassadortoBeijing,Fazli,statedatthe14thWorldPeaceForuminBeijingonJuly4thatTehranwillgivedifferentialtreatmenttothelevelandnatureofStraitofHormuztollfeesbasedonthedegreeoffriendship,andexplicitlysaid"We(Iran)willdefinitelygivespecialtreatmenttoChina,becauseChinaisafriendlycountry."ThetollsaresettledinBitcoinorUSDT;IranianofficialsexplainedthereasonforchoosingBitcoin:thesefundscannotbefrozen,traced,orseizedduetosanctions.##IranianAmbassadorJuly4Statement:DifferentialTreatmentPolicyandMeetingContentwithQalibafOnJuly4,2026,Iran'sambassadortoBeijing,Fazli,publiclystatedatthe14thWorldPeaceForumthatIranwill"definitelygivespecialtreatmenttoChina,becauseChinaisafriendlycountry,"clearlybasingdifferentialpricingoftollsonthedegreeoffriendship.Thepreviousday(July3),IranianParliamentSpeakerQalibaf,duringameetingwithChineseViceChairmanoftheStandingCommitteeoftheNationalPeople'sCongressHeWeiinBeijing,directlystated,"IranhasresolvedthetransitissueforChinesevesselsintheStraitofHormuz,"andemphasizedthat"ChinahasstoodwithIranduringdifficulttimes,"whilereiteratingthatIranwillneverallowU.S.involvementinStraitaffairs.##BitcoinTollMechanismDesign:$1perBarrelofCrudeOilAccordingtoreports,thecryptocurrencytollmechanismfortheStraitofHormuzwasofficiallyimplementedduringtheceasefireinApril2026.Theoperationalprocedureisasfollows:vesselssubmitcargoinformationviaemail;Irancalculatesthefeeaccordingly;crewmustsettleinBitcoinwithinseconds;vesselsattemptingunauthorizedpassagereceivea"destroy"warning.Thetollrateisapproximately$1perbarrelofcrudeoil,withthetollforafullyloadedtankerrequiringabout$2million.IranianofficialsexplainedthereasonforchoosingBitcoin:thesefunds"cannotbefrozen,traced,orseizedduetosanctions,"servingasaconcretemeanstobypassthedollarclearingsystem.##8ShipsTurningBackIncidentandU.S.-IranMemorandumofUnderstandingBloombergreportedonJuly4thatbetweenJuly3and4,2026,atleast8vesselsattemptingtoleavethePersianGulfalongtheOmanicoastmadesuddenU-turnsandreturned,indicatingthatthecomplexityofreopeningtheStraitfarexceedsexpectations.AccordingtothepreviouslysignedU.S.-Iranmemorandumofunderstanding,bothsideshavea60-dayfinalagreementnegotiationperiod,duringwhichvesselscanpassthroughtheStraitofHormuzforfreeandsafely,whileIranmustengageindialoguewithOmanregardingthesubsequentmanagementoftheStrait.TheU.S.sidesimultaneouslystatedthatanyorganizationmakingpaymentstoIranwillbepenalized,creatinguncertaintyoversanctionsriskformostneutralcountriesunderthissystem.##FAQ####**WhendidtheBitcointollfortheStraitofHormuzbegin,andwhatistherate?**Accordingtoreports,theBitcointollsystemwasofficiallyimplementedduringtheU.S.-IranceasefireinApril2026.IranianofficialsstatedthepurposeistomonitorStraittrafficandpreventtheceasefirefrombeingusedtotransportweapons.Therateisapproximately$1perbarrelofcrudeoil,withthetollforafullyloadedtankerrequiringabout$2million;settlementsareacceptedinBitcoinorUSDT.####**WhydidIranchooseBitcoinovertraditionalcurrencyforcollectingtolls?**AccordingtoIranianofficialreasonscitedbyForbes,Bitcoinwaschosenbecausethesefunds"cannotbefrozen,traced,orseizedduetosanctions,"therebycircumventingthedollarclearingsystemandU.S.-ledfinancialsanctionsmechanisms.####**HavespecifictermsfortolldiscountsforChinesevesselsbeenprovided?**AccordingtothestatementbyIran'sambassadortoBeijing,Fazli,onJuly4,Tehran"willdefinitelygivespecialtreatmenttoChina";IranianParliamentSpeakerQalibafalsostatedonJuly3that"IranhasresolvedthetransitissueforChinesevessels."Specificpreferentialterms(ratediscountsorpassagemethods)aresubjecttosubsequentofficialannouncementsbybothsides,andnocompletetermshavebeendisclosedasofnow.
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