US officials say Iran has begun laying mines in the Strait of Hormuz as of today, according to NYT

Iran's reported mining activities in the Strait of Hormuz represent a significant escalation in tensions, impacting not just regional stability but also potential global energy supply. This could lead to heightened risk premiums in oil prices, notably WTI, given the strait's critical role in oil transportation. Traders should brace for volatility in energy markets as this situation develops, especially in the context of broader geopolitical risks.