Iran had considered using yuan and stablecoins, but the risk of their assets being frozen forced a shift to BTC. According to Hamid Hosseini, a representative of the Iranian Oil Exporters Union, payments are processed in seconds. This suggests the likely use of BTC's second-layer network, the Lightning Network. This network enables transactions to be sent in seconds, rather than waiting the typical 10 minutes for block confirmation. Unlike standard BTC transactions, payments are conducted off-chain through private channels between nodes. This mechanism complicates monitoring and could solidify BTC's status as a neutral means for international transactions. Iran plans to charge $1 in BTC for each barrel of oil. Fees from tankers could range from $200,000 to $2 million, although the largest deal on the Lightning Network to date has not exceeded $1 million. Donald Trump stated that 34 vessels passed through the strait yesterday.