alt Hacker News> The Straight of Hormuz is open to any country willing to pay $2M per voyage. Any country except the U.S. and Israel.
The straight is not physically closed by Iran. It's closed by insurance companies which asking a very high war risk insurance premiums. Even if you pay $2M it unlikely will reduce the cost of insurance. That's why very few ships are choosing this option (and some of them are shadow fleet tankers which probably have no insurance).
well, you can view it Iranian are willing to insure the vessel for $2M fee - that it will not get hit by them during the crossing ;). Once they are in the Oman sea, they can use traditional insurance.