Iran has launched "Hormuz Safe," a platform offering digital maritime insurance for ships transiting the Strait of Hormuz with payments settled in Bitcoin. Iran's Ministry of Economy has been developing the initiative since April, and officials estimate it could generate over $10 billion in revenue. The timing matters. Weeks ago, OFAC froze $344 million in USDT held in wallets attributed to the Central Bank of Iran with links to the IRGC-Qods Force and Hezbollah. Tether complied and froze the wallets on April 23. By settling in Bitcoin instead of stablecoins, Iran is explicitly routing around the enforcement mechanism that just cost them $344 million. Bitcoin has no freeze function. Before the official launch, Greek maritime risk firm MARISKS warned that unknown actors claiming to represent Iranian authorities were already sending messages to ships demanding transit fees in Bitcoin for "safe passage." At least one oil tanker was attacked after falling for what appeared to be a related scam. The Strait of Hormuz handles roughly 20% of global oil supply. Iran is positioning itself as the de facto insurer for the world's most critical energy chokepoint, using Bitcoin as the payment rail specifically because it can't be frozen or seized.