Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Exclusive-Iran made preparations to mine the Strait of Hormuz, US sources say
    Headlines

    Exclusive-Iran made preparations to mine the Strait of Hormuz, US sources say

    Published by Global Banking & Finance Review®

    Posted on July 1, 2025

    5 min read

    Last updated: January 23, 2026

    The image depicts the acquisition of Esso's 1,200 fuel stations by an Italian consortium, highlighting the strategic impact on Italy's fuel distribution network.
    Italian consortium acquiring Esso fuel stations in strategic financial deal - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasfinancial stabilityInternational trade

    Quick Summary

    Iran's naval mine preparations in the Strait of Hormuz raise fears of a blockade, threatening global oil trade amid rising tensions.

    Iran Prepares Naval Mines in Strait of Hormuz Amid Rising Tensions

    By Gram Slattery and Phil Stewart

    WASHINGTON (Reuters) -The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in Washington that Tehran was gearing up to blockade the Strait of Hormuz following Israel's strikes on sites across Iran, according to two U.S. officials.

    The previously unreported preparations, which were detected by U.S. intelligence, occurred some time after Israel launched its initial missile attack against Iran on June 13, said the officials, who requested anonymity to discuss sensitive intelligence matters. 

    The loading of the mines - which have not been deployed in the strait - suggests that Tehran may have been serious about closing one of the world's busiest shipping lanes, a move that would have escalated an already-spiraling conflict and severely hobbled global commerce.

    About one-fifth of global oil and gas shipments pass through the Strait of Hormuz and a blockage would likely have spiked world energy prices.

    Global benchmark oil prices have instead fallen more than 10% since the U.S. strikes on Iran's nuclear facilities, driven in part by relief that the conflict did not trigger significant disruptions in the oil trade.

    On June 22, shortly after the U.S. bombed three of Iran's key nuclear sites in a bid to cripple Tehran's nuclear program, Iran's parliament reportedly backed a measure to block the strait.

    That decision was not binding, and it was up to Iran's Supreme National Security Council to make a final decision on the closure, Iran's Press TV said at the time. Iran has over the years threatened to close the strait but has never followed through on that threat. 

    Reuters was not able to determine precisely when during the Israel-Iran air war Tehran loaded the mines, which - if deployed - would have effectively stopped ships from moving through the key thoroughfare.

    It is also unclear if the mines have since been unloaded. 

    The sources did not disclose how the United States determined that the mines had been put on the Iranian vessels, but such intelligence is typically gathered through satellite imagery, clandestine human sources or a combination of both methods.

    Asked for comment about Iran's preparations, a White House official said: "Thanks to the President’s brilliant execution of Operation Midnight Hammer, successful campaign against the Houthis, and maximum pressure campaign, the Strait of Hormuz remains open, freedom of navigation has been restored, and Iran has been significantly weakened." 

    The Pentagon did not immediately respond to a request for comment. The Iranian mission at the United Nations also did not respond to requests for comment.

    KEY THOROUGHFARE

    The two officials said the U.S. government has not ruled out the possibility that loading the mines was a ruse. The Iranians could have prepared the mines to convince Washington that Tehran was serious about closing the strait, but without intending to do so, the officials said.

    Iran's military could have also simply been making necessary preparations in the event that Iran's leaders gave the order.

    The Strait of Hormuz lies between Oman and Iran and links the Persian Gulf with the Gulf of Oman to the south and the Arabian Sea beyond.

    It is 21 miles (34 km) wide at its narrowest point, with the shipping lane just 2 miles wide in either direction.

    OPEC members Saudi Arabia, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia. Qatar, among the world's biggest liquefied natural gas exporters, sends almost all of its LNG through the strait.

    Iran also exports most of its crude through the passage, which in theory limits Tehran's appetite to shut the strait. But Tehran has nonetheless dedicated significant resources to making sure it can do so if it deems necessary.

    As of 2019, Iran maintained more than 5,000 naval mines, which could be rapidly deployed with the help of small, high-speed boats, the U.S. Defense Intelligence Agency estimated at the time.

    The U.S. Fifth Fleet, which is based in Bahrain, is charged with protecting commerce in the region. The U.S. Navy has typically kept four mine countermeasure vessels, or MCM vessels, in Bahrain, though those ships are being replaced by another type of vessel called a littoral combat ship, or LCS, which also has anti-mine capabilities.

    All anti-mine ships had been temporarily removed from Bahrain in the days leading up to the U.S. strikes on Iran in anticipation of a potential retaliatory attack on Fifth Fleet headquarters.

    Ultimately, Iran's immediate retaliation was limited to a missile attack on a U.S. military base in nearby Qatar.

    U.S. officials, however, have not ruled out further retaliatory measures by Iran.

    (Reporting by Gram Slattery and Phil Stewart in Washington; Additional reporting by Michelle Nichols at the United Nations and Jonathan Saul in London; Editing by Don Durfee and Matthew Lewis)

    Key Takeaways

    • •Iran loaded naval mines onto vessels in the Persian Gulf.
    • •The move raised concerns about a potential blockade of the Strait of Hormuz.
    • •The strait is crucial for global oil and gas shipments.
    • •US intelligence detected these preparations after Israeli strikes.
    • •Iran's actions could significantly impact global commerce.

    Frequently Asked Questions about Exclusive-Iran made preparations to mine the Strait of Hormuz, US sources say

    1What recent actions has Iran taken regarding naval mines?

    Iranian military loaded naval mines onto vessels in the Persian Gulf last month, raising concerns about a potential blockade of the Strait of Hormuz.

    2How does the Strait of Hormuz impact global oil shipments?

    About one-fifth of global oil and gas shipments pass through the Strait of Hormuz, making any blockage a significant threat to world energy prices.

    3What was the U.S. response to Iran's military preparations?

    U.S. officials have not ruled out the possibility that Iran's loading of mines was a ruse, but they remain vigilant about the potential for further Iranian retaliatory measures.

    4What intelligence methods were used to detect Iran's preparations?

    The U.S. intelligence community typically gathers information about such military preparations through satellite imagery and clandestine human sources.

    5What is the significance of the U.S. Fifth Fleet in this context?

    The U.S. Fifth Fleet, based in Bahrain, is responsible for protecting commerce in the region, particularly in the Strait of Hormuz, which is crucial for global oil exports.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Not Italy's Devil's Island: Sardinia bristles at mafia inmate plan
    Image for Two airports in Poland closed due to Russian strikes on Ukraine
    Two airports in Poland closed due to Russian strikes on Ukraine
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    View All Headlines Posts
    Previous Headlines PostMercosur, four-nation European trade bloc seal sweeping trade deal
    Next Headlines PostMotor racing-F1 talks up Silverstone's 'forever' future before Starmer meeting