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India denies paying Iran in cash or crypto for safe Strait of Hormuz passage
International
Published on 24 April 2026
No cash or crypto claims follow an April 18 attack
India says it has not paid Iran, either in cash or cryptocurrency, for safe passage of Indian vessels through the Strait of Hormuz. The denial comes after an April 18 incident in which Iranian forces fired on two Indian vessels, forcing them to turn back. India’s clarification counters reports suggesting payment links to the episode.
- India denies any cash payments to Iran for Hormuz passage
- India also denies cryptocurrency payments to Iran
- The clarification follows an April 18 firing on two Indian vessels
- Vessels were forced to turn back after the incident
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times