unusual_whales and The Kobeissi Letter cite Bloomberg saying ships transiting the Strait of Hormuz face tolls and a passcode process, with payments requested in yuan or stablecoins.
Ships that want to transit through the Strait of Hormuz are being asked to pay fees in yuan to get a secret passcode, per Bloomberg
The IRGC is now charging tolls, with rates starting at $1 per barrel of oil
paid in Chinese Yuan or stablecoins
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