Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth
Vessels wanting to transit the strategic waterway need to be from friendly countries, and some have to pay fees in Chinese currency or crypto before being escorted through the strait.
By Salma El Wardany, Alex Longley, Weilun Soon, Serene Cheong · Bloomberg
Vessels wanting to transit the strategic waterway need to be from friendly countries, and some have to pay fees in Chinese currency or crypto before being escorted through the strait.