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Crypto
Iran considers bitcoin toll for tankers crossing Strait of Hormuz
Iran is considering charging tankers a toll in cryptocurrency to transit the Strait of Hormuz, requiring prior approval, cargo screening and digital-asset payment. A representative of exporters said tankers would submit cargo details by email and pay $1 per barrel, while empty tankers could pass without restrictions. Bitcoin briefly rose above $72,000. Iran later said it would fully halt tanker crossings and warned ships could face attack.
Crypto
U.S.-Iran war: what rising oil prices could mean for bitcoin
Rising tensions around the Strait of Hormuz have sent oil prices sharply higher and could weigh on financial markets including bitcoin, blockchain media BeInCrypto reported on March 2. U.S. President Donald Trump forecast the military conflict with Iran would last at least four weeks. Maersk halted transits through the strait, while Goldman Sachs said oil could rise by as much as $15 a barrel, with possible gains to $120 to $150. Higher oil could fuel inflation, spur rate hikes and tighten crypto liquidity.
Industry
Yeo Han-koo steps up push to resolve trade issues at Davos forum
South Korea\'s top trade negotiator Yeo Han-koo held broad trade diplomacy at the World Economic Forum in Davos, meeting trade ministers and executives about 50 times, the industry ministry said on Jan. 23. He discussed bilateral issues with the United States and held talks on steel import restrictions with the European Union and Canada. He also pushed for faster negotiations on multiple FTAs and attended WTO ministerial meetings focused on restoring the multilateral trading order.
