Old strategy whose time has come and gone...besides the fifth fleet is homeported/deployed out of baharain in the Arabian sea where Hormuz is located, [but check that out just to make sure I got it right] the red sea is the real oil highway, all we have to do is tie up Iranian air space with day and night saturation/carpet bombing [like in Iraq] making priority one for them defense of their own air space, any missiles that happen to get through will then have to avoid our "iron dome" defense system, that include fighter jets, then avoid the ground forces air defenses then our naval air defenses which are our greatest anti-missile defense [surface vessels and submarines both] then avoid detection from our AWAC's and satellites and only then they can worry about finding moving targets they cannot see.
That would be quite the feat, but what would it matter? what would it change? more than likely it would benefit us if for no other reason than to stir/give the countries selling and buying that oil a reason to join the fray, in fact who would it surprise if we allowed something like that to happen for just that purpose?