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Wednesday, 11 March 2026
US intelligence has spotted early signs of Iran readying naval mines in the Strait of Hormuz. The vital strait, which carries 20% of global oil, has seen tanker traffic drop 97%. Oil prices jumped 16% on fears of a full blockade, with Iran's estimated stockpile at 2,000–6,000 mines.
Iran isn't winning this war, but it might if the U.S. halts strikes due to higher oil prices. The ayatollahs cannot be allowed to conclude that shutting down oil flows is their passport to survival.
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