[0] https://en.wikipedia.org/wiki/2024_Israel%E2%80%93Lebanon_ce...
Still if Iran does charge the $1/barrel of oil they are proposing expect the countries in the region to look into a pipeline. That is a lot of money and a pipeline could potentially be cheaper in the long run.
The most economical option is to just invest in the military technologies to pass through the Strait. Minesweepers, missile defenses, an appropriate number of escort frigates - an appropriate naval force could most certainly escort ships through. It's just incredibly dumb to start a war with an adversary that has been threatening to close a major waterway for decades immediately after decommissioning your minesweeper fleet and while there are zero frigates in your navy.
5D chess!
Most importantly Iran can't afford to keep the strait closed to enforce this. If they block shipping their own will be blocked as well - which hasn't yet happened, they were still allowed to ship oil. Iran was already in terrible financial shape before the war and they aren't negotiating from a strong position of power to take those risks.
How are they spinning this, that it is not Reparations?
"10. Iran to use Hormuz fees for reconstruction instead of reparations"
What is the splitting of hairs here?
But I agree it's a weird nitpick at this stage, as it seems almost impossible to verify once in place
That sentence is just worded badly, I would rewrite it as:
10. Iran to use Hormuz fees for reconstruction instead of demanding reparations from the US.
With friends like Uncle Sam, who needs enemies?
Militarily Iran is a giant and Saudi Arabia is a minnow.
Unfortunately, I do not believe Israel will stand for peace on this terms, so a false-flag sabotage attack will happen as soon as they are freed from their conquest of Lebanon.