US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments
Published . Updated .
US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.
Directly affected
- No company is 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
US Treasury says the Iranian exchange processed payments received through Iran’s Strait of Hormuz maritime scheme and helped move hundreds of millions of dollars in Bitcoin to the IRGC.
Source: Cointelegraph
Price since this story was published: United States Brent Oil Fund (BNO)
Since the first closing price after “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” 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 195 linked stories in the last 7 days and 195 in the last 30 on the page that also carries “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments.” The recent pace is rising.
Who gains and who loses around United States Brent Oil Fund (BNO)
Companies tied to this story
- BNO United States Brent Oil Fund
For “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” United States Brent Oil Fund (BNO) 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
- UGA United States Gasoline Fund
In “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” United States Gasoline Fund (UGA) 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
- GSG iShares S&P GSCI Commodity-Indexed Trust
In “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” iShares S&P GSCI Commodity-Indexed Trust (GSG) 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
- VDE Vanguard World Fd
Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments.” 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 “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” 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
State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 18 Sep 2026 story “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments.” 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
For “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” Ishares U.S. Oil Equipment & Services Etf (IEZ) 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
- BOAT Sonicshares Global Shipping Etf
In “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments,” Sonicshares Global Shipping Etf (BOAT) is linked, with no stored direction, medium confidence. Reason on file: Major maritime chokepoint disruption can transmit through freight capacity, voyage times, insurance costs, and carrier earnings expectations
How a Strait of Hormuz shock reaches United States Brent Oil Fund (BNO)
The 18 Sep 2026 story “US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments” names United States Brent Oil Fund (BNO) because of Strait of Hormuz.
The link for United States Brent Oil Fund (BNO) is this: 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.
A simple score for United States Brent Oil Fund (BNO)
46 out of 100
“US sanctions Iran’s BitBank, saying it processes ‘Hormuz Safe’ Bitcoin payments” scores 46 out of 100. The score uses 1 sources, and 14 linked companies.