Iran Turns to Bitcoin for Shipping Insurance Through the Strait of Hormuz

🌐 Business Insider — 2026-05-18

Iran has begun utilizing Bitcoin for shipping insurance as tensions rise in the Strait of Hormuz. This move signals a shift towards cryptocurrency to navigate economic challenges.

Politics Commodities Shipping Iran Bitcoin shipping insurance Strait of Hormuz cryptocurrency

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Iran Turns to Bitcoin for Shipping Insurance Through the Strait of Hormuz

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