South Korea Says It Will Not Pay Toll to Iran to Pass Through Strait of Hormuz
An early sign that the blockade is already working:

South Korea has no plans to pay Iran to get its stranded ships out of the Strait of Hormuz, its top diplomat said Wednesday, noting that it does not intend to take any action that would run counter to the U.S.-led blockade of the shipping lane.
Foreign Minister Cho Hyun made the remarks during a parliamentary session, in response to a lawmaker’s question about whether paying Iran a toll for transit would conflict with the U.S. Navy-led blockade aimed at preventing Tehran from taking control of the waterway.
“At this stage, we have no plans to pay Iran any form of compensation or to take any action that would run counter to what the United States has stated,” Cho told the National Assembly.
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