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Iran Declares Hormuz Danger Zone; Cleanup Delay Fuels Price Worries

4/25/2026

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Iran Declares Danger
  • Iran’s Revolutionary Guards declared a 1,400-square-kilometre “danger zone” in the Strait of Hormuz, 14 times Paris’s size.
  • The Pentagon told Congress mine clearance may take six months and likely won’t start until the war ends.
  • Lawmakers warned that oil and gasoline prices could remain high even after a cease-fire.
  • Richard Nephew warned clearance would destabilize oil and gas markets, harming insurers, shipowners and crews.
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