https://www.nytimes.com/2026/08/12/business/iran-war-hormuz-oil.html
Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz*
Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
Gulf countries that have for decades produced much of the world’s oil are now intent on breaking their dependence on the narrow waterway. They are building or expanding pipelines and other infrastructure that can bypass it, and vastly expanding storage capacity in places like Asia.
These endeavors show how the war is changing the oil business in the Persian Gulf. They will cost billions of dollars and take years to complete, but companies and governments consider them essential hedges in an increasingly volatile region. Even if a cease-fire between the United States and Iran materializes, Gulf exporters recognize that relying too heavily on a single transit route is a risk they can no longer afford to take. And the moves, over time, could diminish Iran’s clout in the region.
The link shows how nations are making moves to mitigate impact of the strait of Hormuz closure. Eventually the loss of access to that route comes home to roost.
I would think green energy becomes more attractive as the price of oil rises. But that is a temporary situation as nations are building pipelines to circumvent the Strait of Hormuz. And once those pipelines are in operation Iran’s leverage decreases. Thus I believe any peace treaty will be temporary until alternative routes are in place. Then the bombing starts again.