I don’t understand why there’s no secondary option if Strait of Hormuz goes down. Obviously there are alternative routes out there but why big gas companies even governments did not see this coming. Are they okay losing billions? Or do they actually have a plan that ordinary people don’t know about?
If you look at a map, that’s the most convenient and direct way for the oil to get out of that area. That whole region is mountainous. There are plenty of other ways to get oil, but it would take more than a few months to increase their supply.
It’s like, imagine your local grocery store burnt down, and everyone in your neighborhood had to go to the next grocery store over. That grocery store would sell out of goods almost immediately, and you would just have to wait until they adjusted to increase their supply.