For partial credit, we can iterate over all pairs $(i,j)$ and check whether they satisfy the given condition. Naively this would take $O(N^3)$ time (there are $O(N^2)$ time and each one takes $O(N)$ time to check), but it is easy to speed this up by checking all pairs $(i,j)$ for a fixed $i$ in $O(N)$ time.

My code:

#include <bits/stdc++.h>
using namespace std;
 
int main() {
	ios::sync_with_stdio(false);
	cin.tie(nullptr);
	int N; cin >> N;
	vector<int> h(N); for (int& i: h) cin >> i;
	int64_t ans = 0;
	for (int i = 0; i < N; ++i) {
		int mx = -1;
		for (int j = i+1; j < N; ++j) {
			if (mx < min(h[i],h[j])) ans += j-i+1; // (i,j) should be counted
			mx = max(mx,h[j]);
		}
	}
	cout << ans << "\n";
}

For full credit, we use the observation that if the cows at positions $(i,j)$ can throw to each other, then $(i,j)$ must be of one of the following two types:

1. If $h_j>h_i$, then cow $j$ is the closest cow to the right of cow $i$ that is taller than cow $i$. Note that if there is a closer cow than cow $j$ to the right of cow $i$ that is taller than cow $i$, then this would contradict the assumption that all cows in the range $(i,j)$ have heights smaller than $\min(h_i,h_j)=h_i$.
2. If $h_i>h_j$, then cow $i$ is the closest cow to the left of $j$ that is taller than cow $j$.

Note that as the heights are all unique, we do not consider the case $h_i=h_j$.

Define the contribution of a pair $(i,j)$ to be $j-i+1$. To sum the contributions over all pairs of both types, it suffices to sum the contribution over pairs of the first type, then reverse the line of cows and sum the contribution over pairs of the first type again.

There are several ways to sum the contribution over pairs of the first type.

Solution 1: Use a set that maintains the cows in sorted order of position (ex. $\texttt{std::set}$ in C++). Consider inserting cows into this set in decreasing order of height. When cow $i$ is inserted into the set, the next cow after $i$ in the set (if it exists) is precisely the closest cow to the right of cow $i$ that is taller than cow $i$. This solution runs in $O(N\log N)$ time.

The following two solutions sum the contribution in $O(N)$ time.

Solution 2: Start with a linked list containing all of the cows in order of position, then iterate over the cows in increasing order of height and remove them from the linked list in that order. Just before cow $i$ is removed from the linked list, the cow succeeding $i$ in the linked list (if it exists) is the closest cow to the right of cow $i$ that is taller than cow $i$. A similar idea was used in Snow Boots.

Solution 3: Iterate over the cows from right to left and use a monotonic stack.

All of these solutions are included in my code below.

#include <bits/stdc++.h>
using namespace std;

int64_t ans = 0;
int N;

// using a sorted set
void add_contribution(const vector<int>& h) {
	vector<int> with_h(N+1);
	for (int i = 0; i < N; ++i) with_h[h[i]] = i;
	set<int> present;
	for (int cur_h = N; cur_h; --cur_h) {
		auto it = present.insert(with_h[cur_h]).first;
		if (next(it) != end(present)) ans += *next(it)-*it+1;
	} // the cow at position with_h[cur_h] can throw to the next cow after it
}

// either of the next two functions may be substituted in place of the first function

// using a linked list
void add_contribution_ll(const vector<int>& h) {
	vector<int> with_h(N+1);
	for (int i = 0; i < N; ++i) with_h[h[i]] = i;
	vector<int> pre(N), nex(N);
	for (int i = 0; i < N; ++i) {
		pre[i] = i-1;
		nex[i] = i+1;
	}
	for (int cur_h = 1; cur_h <= N; ++cur_h) {
		int pos = with_h[cur_h];
		int p = pre[pos], n = nex[pos];
		if (n != N) ans += n-pos+1, pre[n] = p;
		if (p != -1) nex[p] = n;
	}
}

// using a monotonic stack
void add_contribution_alt(const vector<int>& h) {
	stack<int> stk;
	for (int i = N-1; i >= 0; --i) {
		while (!stk.empty() && h[stk.top()] < h[i]) stk.pop();
		if (!stk.empty()) ans += stk.top()-i+1;
		stk.push(i);
	}
}

int main() {
	ios::sync_with_stdio(false);
	cin.tie(nullptr);
	cin >> N;
	vector<int> h(N); for (int& i: h) cin >> i;
	add_contribution(h);
	reverse(begin(h), end(h));
	add_contribution(h);
	cout << ans << "\n";
}

Note: All three of these solutions can also be applied to HILO Gold from last contest, although that problem is much less straightforward.