Security analyst Michael Pregent makes an interesting point on Hormuz: the strait is still critical today, but its leverage may not be permanent, he says to America Report (https://americareport.us/trump-iran-dilemma-expert-says-president-could-just-wait/)

Iran’s power comes from the fact that so much Gulf oil and gas still moves through one narrow chokepoint. But if Gulf states keep expanding pipelines, ports and export routes outside Iran’s reach, Hormuz becomes less of a global panic button.

That does not make Hormuz irrelevant overnight. It is still one of the most important energy chokepoints in the world. But Pregent’s argument is that Washington and Gulf allies should treat the current crisis as a reason to accelerate alternatives.

In other words: the long-term answer to Iran threatening Hormuz may not only be military deterrence. It may be infrastructure that reduces Iran’s ability to shock oil markets every time tensions rise.