The Strait of Hormuz has never been closed

I heard the BBC say yesterday that the Strait of Hormuz is closed.  

This is untrue. 7 ships passed through yesterday. 17 the day before. 

The Strait of Hormuz has been open every day since February 28. 

Iran never closed it but charged a toll and only gave permission for some ships to pass. 

Traffic has collapsed but the handful of tankers that transit each day do so with after paying usually between $2 million and $4 million per ship in yuan or USDT on the Tron network. 

Iran says she has to be compensated for the damage inflicted by the USA in its bombing raids.

The IRGC issues clearance with a time slot and agreed route through Iranian waters near Larak Island where the Iranian navy, which still exists despite Trump claiming to have destroyed it, watches on. 

China, India, Pakistan, Turkey, Malaysia, Iraq, Bangladesh pass. Shadow fleet operators linked onscurely to Russia pass. 

Not all pay the full toll. Some from countries friendly to Iran pay nothing. 

It is not a blockade. 

Lloyd’s of London has withdrawn standard hull and machinery coverage for Hormuz transits. War-risk policies now carry premiums of up to 5 percent of vessel value. But if a vessel can prove it has paid the toll and received Iranian clearance this lowers the premium. 

Lloyds has formalised Iranian authority over the strait.

It proves the usefulness of free market economics.