Close, open, close again: Can India find a way out of Hormuz logjam?

Strait of Hormuz is keeping everyone on tenterhooks. In less than 24 after opening the critical chokepoint that handles roughly 20% of the world’s seaborne oil cargo, Iran has decided to reimpose the blockade. In fact, Indian tankers attempting to cross the Strait also were reported to have come under fire from Iranian forces.
While the fragile truce between Iran and US is set to expire on April 22, one question lingers: What if the talks fail completely and things get out of hand?