CNN reported on 10 March, citing two US intelligence sources, that Iran has started deploying naval mines into Hormuz shipping lanes using small craft carrying 2 to 3 mines each.
A few dozen have been laid in recent days. Iran retains 80 to 90% of its small boats and mine-laying vessels despite US strikes that have destroyed over 50 Iranian naval assets since 28 February.
The stockpile: between 2,000 and 6,000 naval mines of Iranian, Chinese, and Russian origin.
Trump responded by announcing the destruction of 10 inactive mine-laying boats and demanding immediate removal of any deployed mines or “military consequences at a level never seen before.”
The market heard Trump. It did not hear CNN.
WTI closed at $87. Brent at $91. The price fell on de-escalation rhetoric the same day the intelligence community confirmed the single most dangerous escalation of the entire war. Get The Full, Details. .
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
