In the LOTR universe, the dwarves delve deep - OOPS, there is a Balrog.
Let's say that in digging they come up with a portal to the Dwarves realm in the MCU. They establish friendly relations and trade. So what happens, if they then open up the Balrog vault or in another scenario, a dragon like Smaug come by. The MCU dwarfs are full fledged allies and will commit to a fight.
How do these dwarves if they commit to the great battle influence the events in the LOTR in the last struggle against Sauron? Might they be able to destroy the Ring without the volcano trip?