US is demanding for their ships and that of Israel's or other allies to be passed through the strait but Iran is standing on their ground. This might anger US even further and since they have threatened to further cause destruction in Iran, we might not see this war end soon. If the strait was opened, this could offer some relief for other countries not really part of this war. But will it really be successful? Can they really pass through the strait with this chaos ongoing?
Some online media outlets have made quite surprising statements, stating that Iran is willing to open the strait if each country is willing to withdraw its US-Israel ambassadors. I also read that Iran is demanding payment for oil in yuan. Whether this news is true or not, I don't fully know, as many online media outlets have reported on it. This strait plays a crucial role in the global economy and if tensions continue and the strait is completely closed, the global oil supply will certainly be quite problematic, as I have seen our country feel the impact of this issue.
Most people are starting to panic, fearing that oil will become scarce and its price will rise, although so far in my country there has been no indication from the government that the price will be raised. We hope the war will end as it has a significant impact on economic growth. Energy sources are currently quite dependent on oil and a prolonged war could negatively impact economic growth.