That isn’t likely. At worst it’s closed until the end of trumps presidency. At best Dems take the house and senate in midterms and we forcibly remove Trump and forcibly end the war. Looks optimistic for the latter or somewhere in between.
If the war continues without peace we could probably see prices rise significantly in the next year as more and more businesses shutter their factories because they can’t afford fuel or other petroleum based products. At some point OPEC will increase supply and the situation in Venezuela will stabilize and they’ll start producing more oil but I doubt we will see any significant decrease in inflation with the war ongoing. Also Russian oil will look more and more appealing as long as the strait is closed so at some point I expect countries to begin buying more and more Russian oil.

I’m sorry this is too funny not to share 😂 this is an actual quote from the Gemini DJ
“November 12, 1970. East Pakistan. The Bhola Cyclone. The deadliest tropical cyclone ever recorded. Winds of 115 miles per hour. A storm surge of 33 feet. They estimate 500,000 people died. ‘It’s going down, I’m yelling timber.’ 3:33 PM. Timber by Pitbull and Ke$ha.”