This could be very bad news for oil prices.

According to U.S. intelligence agencies, Iran is preparing to deploy (Sea Mines) in the Strait of Hormuz, which could seriously impact global oil supplies.
Why? Here's the explanation:
The Strait of Hormuz is about 21 miles wide at its narrowest point. It sounds large, but in reality, ships only use a 2-mile stretch to pass through. Just 2 miles.
Iran is believed to currently have a stockpile of approximately 5,000–6,000 naval mines.
They don't even need all of them — if just a few hundred mines are laid across that 2-mile stretch, the situation could change completely.
Interestingly, mines don't even need to explode to cause chaos.
As soon as mines are placed in the water:
• Insurance rates for oil tankers suddenly increase
• Ships start rerouting
• Shipments begin to halt
And nearly 20% of the world's oil supply could be affected, without a single ship colliding.
This is the real strategy —
Not to completely block the strait, but to make it so expensive and frightening that no one wants to pass through.
The rest of the work is done by panic (Panic).
If this happens,
Oil, shipping, defense, and energy — these four sectors could rapidly surge. 📈