KSA can get most of their oil to the Red Sea in 2-3 years (like 90%+). By the end of the year, they should be able to get >50% there.
UAE can get ~30% through Oman now, and probably ~75% in 3-4 years.
Iraq, Kuwait, Bahrain, and Qatar are screwed without the straight. Qatar could probably work a deal with KSA to get all of their oil through its pipes to the Red Sea if need be in 2-3 years, but they'd pay a premium.
If I had to guess, I think this will structurally push KSA and UAE to move out of the straight, and for anyone in the straight to be tied to China and India.
I imagine Iraq, Kuwait, Bahrain, Qatar, and Iran are all going to become Chinese and Indian client states.
North & South America now have a major oil & natural gas surplus. Their total usage is declining and production is increasing.
Meanwhile, the EU, Japan, SK, etc are moving towards renewables & nuclear as fast as they can.
China's probably reached peak fossil fuel imports already.