Strait of Hormuz now open?

[colinistheman]

This is what I am trying to understand. If the oil supply from the Middle East is around 20% then there's still the 80% of it that can help the other countries that are reliant to the ME's crude oil. But even with that, we're badly affected and we have no idea how long the stock of our biggest gas companies still have left in their tankers.

The problem is also that the oil is not all equal: oil from Venezuela is very different from WTI, which is different from Brent, which is different from Arabic oil. Also, the Strait of Hormuz being closed means a lot of ships are "trapped" inside the strait, and so cannot be used for the presumably longer route to the new suppliers.

In addition, 20% of the total supply is not a huge amount and can be offset by other source. But another problem is that our economy is very sensitive and vulnerable. Any sudden disruption to the supply chain can cause a shock in the short term because adaptation takes time

The remaining oil producing countries, such as Canada, Russia, Venezuela, and the US are unable to compensate for that shortfall in the short term. Increasing production take time, and it may take even longer than we think. Therefore, as long as the oil supply shortfall is not compensated in time, the economy will continue to be under pressure.

[Haunebu]

Key facts about the Strait of Hormuz:
Market share: ~20% of global oil consumption and about 20% of global LNG exports.
Volumes: About 15–20 million barrels of oil per day (as of early 2026).
Major suppliers: Saudi Arabia, Iraq, UAE, Iran, Kuwait.
Destination: Primarily Asia (China, India, Japan, South Korea).

In summary, if we set aside the panic and hysteria being whipped up by some media outlets—the situation is certainly not the most positive, but it is not fatal either. The 20% figure may turn out to be an overestimate. 20%, not 50 or 75. Especially since oil is already being routed around the Strait of Hormuz. Moreover, the threat to the Strait of Hormuz won’t last very long. A temporary inconvenience—I agree. A critical situation—no.

Way to overgeneralize. It's not black and white like you stated. It's definitely just a temporary inconvenience for some countries, but a critical situation for some other countries. Moreover, how the heck do you know how long the threat to the Strait of Hormuz would last?

No one knows for sure which is what makes this situation scary. Whatever the case, this particular war will have long lasting impact on the global economy for sure.

[passwordnow]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

[sokani]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

Iran threatened to rig the Strait of Hormuz with mines. The US and Israel make sure it never happens, as they have obliterated almost all of Iranian vessels. So far, about 120 of their naval vessels are at the bottom of the sea.

They said the condition other nations can use the Strait of Hormuz is if they expel US and Israeli ambassadors from their countries, and no one paid attention to it.

And now they want to charge a fee for using the Strait of Hormuz? I know they are trying to use it as leverage, but it's still not going to happen. No nation will pay a dime. It is an international strait and it's under international law.

[passwordnow]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

Iran threatened to rig the Strait of Hormuz with mines. The US and Israel make sure it never happens, as they have obliterated almost all of Iranian vessels. So far, about 120 of their naval vessels are at the bottom of the sea.

They said the condition other nations can use the Strait of Hormuz is if they expel US and Israeli ambassadors from their countries, and no one paid attention to it.

And now they want to charge a fee for using the Strait of Hormuz? I know they are trying to use it as leverage, but it's still not going to happen. No nation will pay a dime. It is an international strait and it's under international law.

Their economy is also dying and that's why they're leveraging the situation. But with all the efforts of these countries involved in it, they want to continue this war. Trump said that he's not going to negotiate anymore and the same goes with Iran. They have started it and they're going to end it as well but with so devastation for all of the economies in the world.

[Swordsoffreedom]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

Iran threatened to rig the Strait of Hormuz with mines. The US and Israel make sure it never happens, as they have obliterated almost all of Iranian vessels. So far, about 120 of their naval vessels are at the bottom of the sea.

They said the condition other nations can use the Strait of Hormuz is if they expel US and Israeli ambassadors from their countries, and no one paid attention to it.

And now they want to charge a fee for using the Strait of Hormuz? I know they are trying to use it as leverage, but it's still not going to happen. No nation will pay a dime. It is an international strait and it's under international law.

Let's stop talking about international law. If international law is in effect and states abide by it. This war did not happen because the United States had no right or legitimate reason to attack Iran

Did you read the news about a US submarine attacking an Iranian destroyer in international water, even though that ship was only there to attend a conference hosted by India? It is not involved in the conflict and is in international waters. You call that international law?

International law is merely a tool that powerful nation use to bind weaker parties and ignore when it work against them
I do not know what strategy Iran is pursuing in the Strait of Hormuz, but if American ships are brave enough, they should sail through it

https://www.military.com/daily-news/investigations-and-features/2026/03/04/quiet-death-us-submarine-sinks-iranian-frigate-first-torpedo-kill-wwii.html

[Alpha Marine]

In summary, if we set aside the panic and hysteria being whipped up by some media outlets—the situation is certainly not the most positive, but it is not fatal either. The 20% figure may turn out to be an overestimate. 20%, not 50 or 75. Especially since oil is already being routed around the Strait of Hormuz. Moreover, the threat to the Strait of Hormuz won’t last very long. A temporary inconvenience—I agree. A critical situation—no.

This is what I am trying to understand. If the oil supply from the Middle East is around 20% then there's still the 80% of it that can help the other countries that are reliant to the ME's crude oil. But even with that, we're badly affected and we have no idea how long the stock of our biggest gas companies still have left in their tankers.

It's a critical one because if the world is short 20% of its oil, the reaining 80% will become expensive, and that will mean increased transportation costs and increased prices of goods. Soon, the inflation will spread to everything. It's simple economics. When the supply of something is reduced, and the demand remains the same, the price of that thing increases.
This might even go further to affect the energy sources if it goes on for long because when people look for alternatives to oil, this will increase the demand for those alternative energy sources, which might also increase the price.

The countries that get their oil directly from that route will feel it most. About 4% of the oil imports of EU countries pass through this route.
Aside from oil and LNG, other products also pass through that route. Fertilisers, petrochemicals, methanol and other stuff. Now, it doesn't mean those things cannot be gotten from other places, but as Economics has taught us, reduced supply with the same or increased demand increases the price. So it may only be 20% of the world's oil and other agricultural and chemical products, but the shortage causes inflation.

[Minor Miner]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

Iran threatened to rig the Strait of Hormuz with mines. The US and Israel make sure it never happens, as they have obliterated almost all of Iranian vessels. So far, about 120 of their naval vessels are at the bottom of the sea.

But why have not any oil tankers been brave enough to pass through this strait since Iran declared a blockade? Even the US Navy did not obey Trump's order to escort oil tankers through the strait.

They said the condition other nations can use the Strait of Hormuz is if they expel US and Israeli ambassadors from their countries, and no one paid attention to it.

And now they want to charge a fee for using the Strait of Hormuz? I know they are trying to use it as leverage, but it's still not going to happen. No nation will pay a dime. It is an international strait and it's under international law.

Just like Trump. Earlier, he declared that Iran military capabilities had been completely destroyed and they would soon surrender. Or news like that Iran has run out of weapon and missile. But then, Iran launched even more intense attack on US military bases in the region...I have even seen Trump make more statement than Iran, and most of them are nonsensical and impulsive.

It can be said that during wartime, news is incredibly chaotic, and we should not blindly believe everything we see. We should follow the news selectively and only believe it when there is official confirmation.

[EarnOnVictor]

Iran’s foreign minister, Abbas Araghchi, said on Telegram that the strait “is open to everyone, except American ships and those of its allies.”

As of today, the assessment shows that the strait's operation is still 95% closed. Does that mean Iran do not have friends crossing the strait? The allowed 5% is too small to be crossing. I believe a dual friendship still means "enemy" to them, for it to be this small. They are simply wanting the whole world to feel it, which is unfair.

[Akaenyi]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

This will mean that Iran plans to increase hardship for ordinary people all around the world because one way or another everybody pays for oil either directly or indirectly. The owners of the oil shipping vessels and the oil companies are business people so if their cost of delivery increases they will sell at higher prices to be in profit.


If people starts to pay more to fuel their vehicles together with commercial transporters it will somehow affect the prices of goods and services because mobility is essential. It will be very unfair for neutral countries in the war between Iran and America, to suffer unfairly as a result of increase in petroleum finished products.

[viljy]

I don't know if this is true or not, because there are a lot of fakes being thrown in by the media right now, but today I read in the news that the Houthis are closing the Bab el-Mandeb Strait. If this is true, then the oil situation will become even more complicated.

[jostorres]

Is it true that Iran is going to make a payment scheme[1] in the Strait allowing vessels to pass through for $2M?

[1] Iran turns Hormuz into $2m toll road

That's a lot of money for them if all ships that are about to pass through will pay them that. How much per vessel earns for the barrels they ship? how much is the percentage of that $2m per shipment?

It's obvious that not every ship has value enough to pay for a 2 million toll. That would not make it feasible and they would simply just not pass. Because profit margins per ship is not as high as being able to pay 2 million per ship. Some do, some have very precious cargo and yes they can definitely pay for 2 million and be fine, they will not have any trouble and would make a gigantic profit even if they pay that.

But not all ships, not every single ship, some of them do not have that much profit. My aunt worked in this business so I know it very well, some ships basically barely break even, and only do that route because they do not want to go back their own port for free, so they take whatever they can.

[DrBeer]

Key facts about the Strait of Hormuz:
Market share: ~20% of global oil consumption and about 20% of global LNG exports.
Volumes: About 15–20 million barrels of oil per day (as of early 2026).
Major suppliers: Saudi Arabia, Iraq, UAE, Iran, Kuwait.
Destination: Primarily Asia (China, India, Japan, South Korea).

In summary, if we set aside the panic and hysteria being whipped up by some media outlets—the situation is certainly not the most positive, but it is not fatal either. The 20% figure may turn out to be an overestimate. 20%, not 50 or 75. Especially since oil is already being routed around the Strait of Hormuz. Moreover, the threat to the Strait of Hormuz won’t last very long. A temporary inconvenience—I agree. A critical situation—no.

Way to overgeneralize. It's not black and white like you stated. It's definitely just a temporary inconvenience for some countries, but a critical situation for some other countries. Moreover, how the heck do you know how long the threat to the Strait of Hormuz would last?

No one knows for sure which is what makes this situation scary. Whatever the case, this particular war will have long lasting impact on the global economy for sure.

1. I am by no means claiming that my opinion is the only correct one, that my analysis is the most accurate, or that I have all the information!
2. That is why I suggest we discuss this in terms of cause-and-effect relationships, arguments, and facts.

My arguments:
- The Ayatollah regime is losing its power and ability to terrorize or, let’s say, “control” traffic through the Strait of Hormuz.
- There are interested parties committed to making passage through the Strait of Hormuz safe for everyone. This includes not only the U.S. but also countries supplying oil and gas to the global market.
- There is a military solution to this problem, and it is entirely viable, especially since its implementation is being planned by far from “third-rate players.”
- Today, news emerged about the destruction of Iranian systems that were monitoring the passage of ships through the strait.

The overall picture is this: it is already becoming extremely difficult for the Iranian regime to monitor, control, and “influence” the Strait of Hormuz. “Tomorrow,” additional forceful measures will be taken to deprive the Iranian regime of even its existing mechanisms of influence. I SUSPECT that the Iranian regime’s “final move” will be an attempt to “mine” the Strait of Hormuz, following the logic of “If no one can have it, then no one will!” 
But the question here is: what remains of Iran’s mine-laying fleet, and won’t it be destroyed very quickly before it has a chance to “seed the strait with mines”?

I’d be happy to hear your counterarguments and opinions!

[sokani]

Did you read the news about a US submarine attacking an Iranian destroyer in international water, even though that ship was only there to attend a conference hosted by India? It is not involved in the conflict and is in international waters. You call that international law?

No, I watched it on the news. Does it really matter where it was sunk? The ship is a military target, and both nations are at war. According to the article you shared, the exercise is over and apparently, the vessel was returning to Iran to join the war.

The Iranian frigate was returning from the 2026 International Fleet Review, which it had attended in Visakhapatnam, India. It was transiting international waters when it was hit.

But why have not any oil tankers been brave enough to pass through this strait since Iran declared a blockade?

According to this article, some merchant ships are risking it. Though, the article also confirms some ships have also been hit by missiles.

The strait has in effect been closed since the beginning of the month after the US and Israeli attack on Iran prompted Tehran to retaliate across the region. Only a handful of vessels are confirmed as having risked making the crossing.

[bhadz]

This is what I am trying to understand. If the oil supply from the Middle East is around 20% then there's still the 80% of it that can help the other countries that are reliant to the ME's crude oil. But even with that, we're badly affected and we have no idea how long the stock of our biggest gas companies still have left in their tankers.

The problem is also that the oil is not all equal: oil from Venezuela is very different from WTI, which is different from Brent, which is different from Arabic oil. Also, the Strait of Hormuz being closed means a lot of ships are "trapped" inside the strait, and so cannot be used for the presumably longer route to the new suppliers.

That makes sense, thanks for that. I've also learned that lately that the brent oil from there is different from Venezuela despite that they've got the largest oil reserve. It takes probably a lot of time and some additives to change that into more usable as per region or country that needed the actual variant of it.

It's a critical one because if the world is short 20% of its oil, the reaining 80% will become expensive, and that will mean increased transportation costs and increased prices of goods. Soon, the inflation will spread to everything. It's simple economics. When the supply of something is reduced, and the demand remains the same, the price of that thing increases.
This might even go further to affect the energy sources if it goes on for long because when people look for alternatives to oil, this will increase the demand for those alternative energy sources, which might also increase the price.

The countries that get their oil directly from that route will feel it most. About 4% of the oil imports of EU countries pass through this route.
Aside from oil and LNG, other products also pass through that route. Fertilisers, petrochemicals, methanol and other stuff. Now, it doesn't mean those things cannot be gotten from other places, but as Economics has taught us, reduced supply with the same or increased demand increases the price. So it may only be 20% of the world's oil and other agricultural and chemical products, but the shortage causes inflation.

Yes, common law supply and demand but if there is an alternative I thought that it can help to sustain the lacking of the supply. But, that's not how it works just as how I think it is, I was wrong.

[X-ray]

Iran’s foreign minister, Abbas Araghchi, said on Telegram that the strait “is open to everyone, except American ships and those of its allies.”

As of today, the assessment shows that the strait's operation is still 95% closed. Does that mean Iran do not have friends crossing the strait? The allowed 5% is too small to be crossing. I believe a dual friendship still means "enemy" to them, for it to be this small. They are simply wanting the whole world to feel it, which is unfair.

It was said that earlier iran only allow ships that paid with yuan, now suddenly the strait is open to every except american ships and its allies. Today, I still rarely see vessels that go through the strait.

Feels bad for anyone navigating the vessel to there because honestly, the news is as abstract as it gets  .

[Oluwa-btc]

Iran’s foreign minister, Abbas Araghchi, said on Telegram that the strait “is open to everyone, except American ships and those of its allies.”

As of today, the assessment shows that the strait's operation is still 95% closed. Does that mean Iran do not have friends crossing the strait? The allowed 5% is too small to be crossing. I believe a dual friendship still means "enemy" to them, for it to be this small. They are simply wanting the whole world to feel it, which is unfair.

If the world will not feel what they Iranians have gone through for 45 years, then this is the right strategy to get it done. You' tell me, if you'll not retire to such plans if you have been cornered by the world, nato and the useless aggression of America. There's nothing unfair when it affects Iran with heavy sanctions and American aggression killing their leaders, daughters for 45 years but it is unfair when they make the world feel it?! Look at who caused this, it was not Iran, it was the US and Israel, things moved this way since they kicked off this war. Why do you not say that?! Or are you one sided and biased now?!

[rezakurnia66]

Based on the several media publishing, has possibility the Strait of Hormuz open if transaction moving from USD to CNY or China local currency transaction, I don't know more is accurate news or not and Iran likely want to make the global transaction moving with right now dominance trough USD change to other currency. Many speculation about the Strait of Hormuz right now where last announce from Donald Trump will sent their military there and Iran still on their decision won't open yet exactly for the countries have good relationship with United State.
Iran seems serious for this time and likely won't negotiate any more with any countries still has good bilateral cooperation with United State, however the Iran military still attack Israel and several eastern countries support United State.

[Bitcoin_people]

Due to the war between Iran and the United States, only a few countries are currently allowed to take oil tankers through the Strait of Hormuz. Some countries, including China, India, and Pakistan, especially Israel and the United States, have been banned from taking ships that have been attacked. Currently, the countries to which oil tankers are going are allowed to take them on a limited basis. However, we have seen a few days ago that there was news that countries that do not allow them will have to pay $2 million per ship to bring oil. However, according to the current situation, we can see that the form of this war is constantly moving towards being very dangerous. And the price of oil in my country is increasing a lot, although it is somewhat normal according to the current situation, but if this continues, there may be an oil crisis in the world and the price of oil may increase rapidly.

[EarnOnVictor]

Iran’s foreign minister, Abbas Araghchi, said on Telegram that the strait “is open to everyone, except American ships and those of its allies.”

As of today, the assessment shows that the strait's operation is still 95% closed. Does that mean Iran do not have friends crossing the strait? The allowed 5% is too small to be crossing. I believe a dual friendship still means "enemy" to them, for it to be this small. They are simply wanting the whole world to feel it, which is unfair.

If the world will not feel what they Iranians have gone through for 45 years, then this is the right strategy to get it done. You' tell me, if you'll not retire to such plans if you have been cornered by the world, nato and the useless aggression of America.

You can call the world anything you like, for all I care, Iran put this upon itself, and the world powers can never trust the country, judging by its antecedents. The moment they transition to the supreme leadership and allowed religion and hatred rule them, is the moment they've invited doom upon themselves. You can be emotional, I Don't Care, it only shows how weak and thoughtless you are.

Iran would have been one of the best countries in the world if they rather chase national building and prosperity, but instead, they channel their God's given gifts and resources on dangerous weapons while the country is impoverished. No one knew Iran had some capabilities they are showing militarily now, I wonder how this would have shaped their world for good if they had channelled it elsewhere. Let them continue to put religion on their head, shouting "Death to Israel and Death to America," and most importantly continue to sponsor their proxies and terrorists for attacks, and see if it shall be well with them.