Iran has announced a new toll system for vessels passing through the strategically important Strait of Hormuz, demanding fees to be paid in cryptocurrency. As part of the ceasefire agreement with the U.S., Iran is set to coordinate safe passage through the strait, with a fee of $1 per barrel of oil expected from ships. This move has raised concerns among shipping companies regarding the implications for global oil prices and trade norms. Iran has stated that it will oversee all traffic and may impose strict conditions for passage, including monitoring by its military. Despite the ceasefire, Tehran has warned that it will respond if attacks from Israel on Lebanon persist, adding further uncertainty to shipping in the region. Additionally, Iran has indicated that it could open the strait in a controlled manner ahead of upcoming talks with the U.S. about a broader agreement.