X @Nick Szabo

Iran currently exercises military veto power over commercial shipping traffic near and at the Strait of Hormuz.Iran has rules that it has established for transit of Hormuz., rules that it believes it needs to fight its existential war. Follow Iran's rules, like China does, and your ships get through. Refuse to follow them and your ships are in danger from military enforcement of the rules, and in almost all cases the shipping company will simply refuse to risk the transit.U.S. attempts to remove Iran's veto ...