As I understand it currently, the Straight of Hormuz is open for people not currently at war with Iran.

You can reach out to the IRGC, put in a request to traverse the Straight, validate that you are not currently an agent of a belligerent in their unlawful bombing and attempted occupation, and then receive a confirmation notice along with a bill for safe passage.

Iran Charges $1 Per Barrel Toll via Yuan, Stablecoins

Earlier, the Iranian parliament’s National Security Committee announced on the 30th of last month that it would legislate the strait passage fees. According to the details of the plan reported by Bloomberg, shipping operators wishing to navigate the strait must contact a brokerage company linked to Iran’s Islamic Revolutionary Guard Corps (IRGC) and submit details including the ship’s ownership structure, shipping documents, cargo manifest, destination, crew list, and automatic identification system (AIS) data.

The brokerage company forwards these documents to the Hormozgan Province Command of the Revolutionary Guard’s Navy, which then verifies whether the vessel has any connections to countries Iran considers hostile, such as Israel and the United States. Once this inspection is passed, toll negotiations begin. Iran has categorized countries into grades 1 through 5, with vessels from more friendly nations receiving more favorable terms.

The initial negotiation price is typically around 1 U.S. dollar per barrel, payable in Chinese yuan or stablecoins. Stablecoins are digital assets pegged 1:1 to the value of fiat currencies such as the U.S. dollar or Korean won. Given that a very large crude carrier typically carries 2 million barrels, the toll is expected to be set at a similar level to 2 million U.S. dollars (approximately 3 billion Korean won).

So it appears that Trump has gotten exactly what he set out to accomplish. Congratulations. Get that man on the deck of the Gerald R. Ford to celebrate.