Even though there's only one Strait of Hormuz, there are multiple alternatives of getting goods from point A to point B, even if the alternatives are currently worse.

yup, plenty. And give it enough time, we'll (well, them peoples, over there) will build pipelines and all manner of things to get the oil passed the gatekeepers

I don't know the exact histories, but some of the tweets I link (the German canals, the Swedish ones) and obviously the Europeans going around the Cape of Good Hope being prime examples