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The Economic Times

Top News / The Economic Times

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Iran has laid about a dozen mines in Strait of Hormuz, sources say

With tensions rising in the Strait of Hormuz, Iran's recent deployment of mines has thrown a wrench into global shipping routes for oil and gas. The maritime conflict has effectively shuttered exports, causing energy prices to skyrocket on the international market. Analysts are now forecasting that the price of oil could hit an eye-watering $200 a barrel.

11 Mar 2026 10:07 pm