That will depend on how and how fast the War ends. If Germany, Japan and the minor Axis nations weather the storm and emerge halfway intact, Panama might be closed, but I cannot see a peace under these circumstances that closes Suez for Axis Naval forces. While hitting the US is doable for Germany and probably Japan to a certain degree, these are major operations due to distance. Hitting Britain with a broadside until they agree to open Suez for Germany and her allies is another thing.Will that help? I don't think Japan will have any bases beyond the South-East Pacific, post war. With Panama certainly closed to any german warships, and assuming Britain keeps Suez closed likewise (if there's not any huge upset like the US backstabbing Britain after a british surrender), I don't think that'll make much of a difference when any german expedition would have to go around one of the capes, not without either another allied country or something like a german antarctic colony to serve as stopover.
If the Wallies go all out, maybe even going NBC and Germany and Japan weather that and emerge halfway intact from such an endgame, both channels will be open for their warships. I cannot see a peace where the Axis still stands and agrees to closed channels after both sides went NBC. Especially if the "New Axis" is forced to retaliate after being hit with something from the NBC package. Our peaceniks might have blinders the size of Australia on, but after the Wallies do something like Atomics, chemicals or biological, that will impact and change popular outlook. The US might not get too much of the response due to distance, but in Britain they will have to go low on the totem pole to find someone to surrender. Germany does not only have the instant sunshine in Büchel, but is sitting on a "fuckton" of chemical weapons with the ability to produce much more of it. And I am sure Unit731 would also help the New Axis for a reduction or lift of all punishments, should the Wallies go the route of NBC.
Both channels closed for New Axis warships I can only see if it comes to a fotofinish, where Germany and Japan emerge burned, scarred but still somewhat upright, pushed back but saved by the Allies running out of soldiers to sacrifice.
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