Iranian representatives said ships using the Strait of Hormuz may have to pay tolls in digital assets, while TRM Labs said the military has charged passing vessels up to $2 million since mid-March. TRM Labs said payments have included Chinese yuan, Bitcoin, and potentially USDT. Ari Redbord said TRM Labs is not seeing on-chain evidence that toll payments are being made at scale, and ship traffic remains at a fraction of its volume since the war began in late February.