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Iran Lays Naval Mines, Sparks Oil Supply Fears

3/13/2026

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Story summary
  • Iran has started laying a limited number of naval mines in the Strait of Hormuz, raising concerns about global oil supply disruptions.
  • U.S. intelligence suggests Iran may deploy hundreds more mines, utilizing its remaining naval capabilities.
  • President Donald Trump has warned of severe military consequences if Iran does not remove the mines.
  • The U.S. has destroyed multiple Iranian vessels, including 16 mine-layers, but lacks dedicated minesweeping ships.
  • Increased shipping risks have caused oil prices to surge and insurers to withdraw coverage for vessels in the region.
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