PANews reported on April 8th that, according to the Financial Times, a spokesperson for the Iranian Oil, Gas and Petrochemical Exporters Union stated that Iran plans to charge all oil tankers passing through the Strait of Hormuz a passage fee of $ 1 per barrel during the two-week ceasefire. Tankers will be required to use the northern route closer to the Iranian coast, declare their cargo to Iran via email, and complete payment within seconds using cryptocurrencies such as Bitcoin. Iran stated that this measure is to monitor for arms shipments, and unauthorized vessels will face the threat of military strikes. Currently, only a few tankers with ties to Iran are attempting passage, with approximately 300 to 400 vessels waiting to sail in the Gulf. Industry insiders say it will be difficult to clear the backlog within two weeks.