alt Hacker NewsAccording to the Financial Times (1), the straight is "open" but Iran is extorting fees for passing ships.
> "Iran will demand that shipping companies pay tolls in cryptocurrency for oil tankers passing through the Strait of Hormuz, as it seeks to retain control over passage through the key waterway during the two-week ceasefire."
If they really will start doing so for all shipping, that would be odd since the straight itself is in Oman's territorial waters. Even so, the UNCLOS convention (2) requires free transit:
> Article 44 > Duties of States bordering straits > > States bordering straits shall not hamper transit passage and shall give appropriate publicity to any danger to navigation or overflight within or over the strait of which they have knowledge. There shall be no suspension of transit passage.
It would be unprecedented and unlawful, but I guess previous actions of Israel, the US and Iran have shown our world is beyond adhering to laws and agreements now.
(1) https://www.ft.com/content/02aefac4-ea62-48db-9326-c0da373b1... (2) United Nations Convention on Law of the Sea: https://www.un.org/depts/los/convention_agreements/texts/unc...
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Oman and Iran are splitting the fees RE: the statements by Iran.
It's super hard to tell what's actually happening. Because I've seen other reports that Iran state media halted traffic earlier today, as reported by Washington Post[1]:
> With Trump and Iran each claiming victory, but still far apart on key issues, traffic in the Strait of Hormuz remained at a standstill Wednesday.
1. https://www.washingtonpost.com/world/2026/04/08/trump-iran-w...
Iran hasn't ratified it and is not a party to that agreement. You can't really fault a country for not complying with an extraterritorial law made by and for other countries.