> there will be no reason to hold the Strait of Hormuz

Hormuz was yesterday's problem.

Today's problem which was entirely predictable to anybody with a map and half a brain is Bab El Mendab now being heavily disrupted by the Houthis etc.

It was always a case of when, not if.

Which now means the old ~20 day alternative-route transits via Bab are now ~50 days becuase you have to go via Suez and Cape of Good Hope.

This is exactly why all the other US presidents said no. It was a Pandora's box that was not worth the risk poking with a sharp stick.