If the Strait of Hormuz really opens, how will insurance premiums and transit fees be calculated? Iran certainly won't give face for free.

CoinWorld news reports that an analyst at the Commonwealth Bank of Australia, Madison Cartwright, said in a research report that the outlook for US-Iran negotiations remains fragile before talks. He stated, “There is reason to suggest that there is indeed a diplomatic momentum that could lead to an agreement to reopen navigation through the Strait of Hormuz,” but the relevant details are still unclear at this time. Cartwright also added that there have been small-scale clashes between the two sides of the US and Iran recently. He noted that, regarding the issue of reopening navigation through the Strait of Hormuz, there are still several key questions, including how much insurance vessels would need to pay for to pass through the strait, and whether Iran would impose tolls. Despite this, Cartwright believes the US currently has little to no motivation to restart hostilities; instead, the US has shown willingness to make concessions while continuing to exert economic and political pressure.