Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships
Published . Updated .
OFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- FRO Frontline
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with a Gulf supply scare
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers move when sanctioned barrels leave the market
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
OFAC says hundreds of millions of dollars in Bitcoin moved through BitBank to the Revolutionary Guards in two months.
Source: Decrypt
The price since 18 Sep 2026: United States Brent Oil Fund (BNO) versus the S&P 500
Since the first closing price after “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships,” United States Brent Oil Fund (BNO) is +13.89%. The S&P 500 fund (SPY) is -0.89% over the same days, a +14.79% difference versus the market.
Strait of Hormuz, seven days against thirty
Strait of Hormuz has 198 linked stories in the last 7 days and 198 in the last 30 on the page that also carries “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships.” The recent pace is rising.
Who gains and who pays if Strait of Hormuz stays in the story
Companies tied to this story
- BNO United States Brent Oil Fund
United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- UGA United States Gasoline Fund
United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- GSG iShares S&P GSCI Commodity-Indexed Trust
iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- VDE Vanguard World Fd
For “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships,” Vanguard World Fd (VDE) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- FENY
For “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
For “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- IEZ Ishares U.S. Oil Equipment & Services Etf
Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- BITB Bitwise Bitcoin ETF
For “Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How a Strait of Hormuz shock reaches United States Brent Oil Fund (BNO)
“Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships” (18 Sep 2026) reaches United States Brent Oil Fund (BNO) through Strait of Hormuz.
For United States Brent Oil Fund (BNO), the reason on file says Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
United States Gasoline Fund (UGA) is here too. Its reason reads: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
Price levels for United States Brent Oil Fund (BNO)
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.
How strong the case is around United States Brent Oil Fund (BNO)
46 out of 100
“Treasury Sanctions Crypto Exchange Behind Iran's Bitcoin Tolls on Hormuz Ships” scores 46 out of 100. The score uses 1 sources, and 13 linked companies.