Nay sayers are going to say that would hand the US oil and gas production dominance. Except, it would allow export of Iraqi and omani oil. And Qatar gas.
If Iran does not do this, Iran would face the prospect of a UN war on Iran, along with sanctions and UN legitimacy to a global war on Iran, rather than a trump war on Iran that nations hate trump for the war. Or face defeat and trump victory.
UAE is forcing the hand of Iran here in going to the UN. trump in switching to more and more collective punishment of civilians to get Iran to open the straits is forcing the hand of Iran.
Keep Hormuz closed, shut down oil and gas in most gulf states.