Iran has laid about a dozen mines in Strait of Hormuz, sources say
- Posted on March 11, 2026
- By Business News Today
- 6 Views
Iran has laid about a dozen mines in Strait of Hormuz, sources say
With tensions rising in the Strait of Hormuz, Iran's recent deployment of mines has thrown a wrench into global shipping routes for oil and gas. The maritime conflict has effectively shuttered exports, causing energy prices to skyrocket on the international market. Analysts are now forecasting that the price of oil could hit an eye-watering $200 a barrel.