Options would be canals built and massive pipelines to bypass the Strait of Hormuz. Put on the fast track.Today, the world can throttle Iran's desire to control the Strait without worry that Iran might drop a nuke (most likely on Israel),
Let Iran build, and saber-rattle with nukes as their backup, and I think the dynamic shifts to something more like we see with North Korea.
Imagine if North Korea had access to an international waterway, like Iran has.
I don't think the world can afford to risk Iran having that ability or power.