Iran lays about 12 sea mines in the Strait of Hormuz… resuming energy shipments faces hurdles
Summary
- Iran said it installed about 12 sea mines in the Strait of Hormuz, heightening concerns about disruptions to global energy shipments.
- Exports of crude oil and liquefied natural gas (LNG) through the strait were said to have effectively been halted for about 12 days.
- As a result, fears of supply disruptions are spreading in the global energy market, increasing upward pressure on international energy prices.
Forecast Trend Report by Period
Concerns are growing that global energy shipments could be disrupted after reports that Iran has laid sea mines in the Strait of Hormuz.
According to Reuters on the 11th (local time), two sources familiar with the matter said Iran installed about 12 sea mines in the Strait of Hormuz. The move was said to potentially make reopening the strait more difficult.
The Strait of Hormuz is a key maritime chokepoint linking the Persian Gulf to global energy markets and a major route for crude oil and liquefied natural gas (LNG) shipments.
Exports of crude oil and LNG through the waters have effectively been halted for about 12 days since the United States and Israel began military operations against Iran.
As a result, fears of supply disruptions are spreading across global energy markets, adding upward pressure on international energy prices.
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