This is an astounding loss for the US if it comes to fruition. One of the biggest strategic losses the US has ever endured—perhaps biggest?—and all from a war the US chose to start for no reason, illegally.
Iran and Oman have reportedly agreed that all ships transiting Hormuz have to go through an Iran-controlled corridor, and are finalizing tolls of 3, 5, or 7%. This would close off the path outside Iranian waters the US encouraged ships to use during the MOU, then started bombing again to keep open.