Iran has dropped more mines in Hormuz earlier this week, sources say via Axios' Ravid

The recent news of Iran dropping more mines in the Strait of Hormuz signals a potential escalation in regional tensions, particularly affecting shipping routes critical to global energy supplies.

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Iran has dropped more mines in Hormuz earlier this week, sources say via Axios' Ravid

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Mohammad Ali Shabani own take is "Araghchi is probably going to engage on some proposals. If any meeting to be held, probably later during the weekend, hinging on some kind of US action on the blockade"

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Markets may react by pricing in higher risk premiums for oil, impacting WTI prices and broader commodities; traders should monitor shifts in energy asset correlations and safe-haven flows as the situation develops.

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