The blockade is like a nuclear bomb detonated on all countries. 30% of World's oil supply is at risk. Not to mention critical elements needed for semiconductor production. Even the US is suffering passively because of this. Only saving grace for US is to restore navigation in the straits. Quicker it does it the quicker we can stop hell that'll be unleashed on the World. You really don't want to be responsible for 30% of Earth starving and dying of hunger because critical fertilizers never reached the masses for food production.