Being able to put up toll booths on the Strait is another knife to the body of international law and the good old rules based order.
All according to plan, it seems.
Secondly, Iran definitely is blocking ships of countries that it considers hostile to Iran, with no choice of a toll for them.
Thirdly, Iran is funding terrorists in Yemen, Iraq, and Lebanon.
"The legal position is weak. Transit passage under UNCLOS Part III guarantees free, continuous, and unobstructed passage for all ships. This is customary international law, binding even on non-parties. Iran signed UNCLOS but never ratified it. The selective nature of the blockade, permitting some flag states while denying others, violates the principle of non-discrimination between flag states."
But then which is your opinion about the authority of USA to block the traffic through international waters?
Before attacking Iran, in February, USA has instituted a blockade of Cuba, intercepting the oil tankers headed to Cuba and causing thus a severe shortage of fuel in Cuba, which has caused a lot of problems to the ordinary Cuban citizens.
Thus it is quite shameless today for USA to criticize Iran for the selective blockade of the Strait of Hormuz, when USA was the first to provide an example for this kind of action. Moreover, unlike Iran, USA has started the blockade totally unprovoked and not against an attacker and its allies.
Since USA has been the first country demonstrating that they will break any international laws and treaties whenever they please, now any other country has the right to do the same thing, when this is directed against USA or its allies.
I can very well imagine a country institute a blockade around another to manufacture a local economic crisis. Honestly I would rather have the US put a toll on vessels than shooting indiscriminately, or completely blockading Cuba.
slowly, over time, after we see abuses and hostility that require them. I guess eventually enough people get complacent and comfortable with the sense of order, opening an opportunity for the powerful to create chaos and profit from the disruption.
That's like that old copy pasta "If you're being mugged, just say no. Your robbers cannot legally take any of your possessions.". Its not legal sure, but their authority lies in high explosives delivered by sea and air.
Iran has every right to protect themselves and achieve nuclear power for energy independence. The US and Israel just want to destabilize the region for oil. Did we already forget trump has publicly said this about Venezuela and Iran? There are no WMDs this time, Trump has publicly said this is to overthrow Iran and install more friendly leadership, LITERAL TERRORISM STUFF.
You're defending the US/Israel who have publicly bragged about destabilizing nations and taking land that doesn't belong to them while bragging about the oil they're taking. Israel just got done genocide gaza and knows it has the US'$ backing to continue eradicating their enemies. And again, they HAVE SAID THIS. You have to be an absolute fool or a horrible person to still support the US/Israel's military actions right now. Iran didn't start this, whatsoever.
The exemption is diplomatic, not commercial.
The Yuan Dimension
I hate it.
Bypassing dollar clearing is only really a commercial concern because it is a political/diplomatic concern.
Diplomacy is the act of non-violent interactions between countries. Commerce is (generally...) a non-violent form of interaction between countries. High level diplomatic actions enable commerce (of various forms and levels), while commerce creates incentives for diplomacy, and creates the strength for a party to perform diplomacy.