The Strait of Hormuz has officially reopened.

During the ceasefire, Iran and Oman will jointly collect transit fees—$2 million per ship.
You read that right, $2 million.
The Strait of Hormuz is the world’s most important oil transportation route, with about 17 million barrels of crude oil passing through it every day.
During the closure of this strait, the global energy market was almost thrown into panic.
Now that it has reopened, oil prices, the geopolitical risk premium, and supply-chain pressures—all of these will quickly ease.
But what I want to say more than anything is this operation of a “$2 million transit fee.”
Iran and Oman, during the ceasefire, took over the toll collection rights to this golden waterway.
What does that mean?
Swap “collecting tolls” for “not fighting.” Iran doesn’t need to give up its nuclear program, and it doesn’t need to give up sanctions—just by reopening the strait, it can secure a two-week ceasefire and cash income.
Iran has this account calculated very clearly.
What will happen after two weeks?
After the ceasefire expires, if the negotiations make no substantive progress, the strait could close again.
But at least for the next two weeks, global energy transport can breathe a sigh of relief.
In one sentence: the Strait of Hormuz has opened, but the price is $2 million per ship.
In this game, there are no real winners—only losers who lose less.
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