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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Majority Of The MSM Says Hormuz Is Open
I'm pretty sure it isn't. Krasnov and Magats are desperate to get gasoline and diesel prices down.
The market sure responded quickly to an iffy cease fire that Israel was not a party to.
The Invisible Hand Of The Market.
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The Majority Of The MSM Says Hormuz Is Open (Original Post)
gab13by13
19 hrs ago
OP
niyad
(132,683 posts)1. Gas prices at the stations near me are down $0.30 since yesterday.
johnnyfins
(3,821 posts)5. Same here. $0.20 per.
OC375
(1,014 posts)2. Speculation. It's the bulk of the economy now.
Lovie777
(23,078 posts)3. Corporate media is aware?..................
they are still talking about closure and vance committing to more bombing or else.
GreatGazoo
(4,643 posts)4. It has been open to Chinese and Pakistan flagged vessels
and those who pay Iran the $1 per barrel toll.
The MSM is disconnected from reality perhaps because they are afraid to contradict the narrative.
Ship operators have to contact an intermediary company linked to the IRGC, and provide information about their vessels ownership, flag, the cargo manifest, destination, crew list, and data from its automated identification system, or AIS a transponder that ships use to record and broadcast their position.
The intermediary passes the file onto the IRGC Navys Hormozgan Provincial Command for background checks on the ship to make sure that it has no links to Israel or the US, or other states that Iran considers to be enemies.
If a vessel makes the cut then discussions over the toll begin. The people said that the Iranians have a ranking system of one to five for nations, with ships from countries that are seen as friendly more likely to get better terms. For oil tankers, the starting price in the negotiations is typically around $1 per barrel of oil, paid in yuan, or stablecoins cryptocurrencies pegged to the value of hard currency.
https://www.bloomberg.com/news/articles/2026-04-01/strait-of-hormuz-ships-paying-iran-yuan-and-crypto-tolls-for-safe-passage
The intermediary passes the file onto the IRGC Navys Hormozgan Provincial Command for background checks on the ship to make sure that it has no links to Israel or the US, or other states that Iran considers to be enemies.
If a vessel makes the cut then discussions over the toll begin. The people said that the Iranians have a ranking system of one to five for nations, with ships from countries that are seen as friendly more likely to get better terms. For oil tankers, the starting price in the negotiations is typically around $1 per barrel of oil, paid in yuan, or stablecoins cryptocurrencies pegged to the value of hard currency.
https://www.bloomberg.com/news/articles/2026-04-01/strait-of-hormuz-ships-paying-iran-yuan-and-crypto-tolls-for-safe-passage
And the stock and commodities markets have been about halfway between normal ($65) and extreme ($150) throughout this war. Oil is complicated because more supply becomes available as prices rise. Some oil is only pumped when prices go above ~$80 because it is not profitable to refine dirty oil until it can be sold higher than costs. Brent is dirtier than WTI. Tar Sands is dirtier than Brent, etc.