The UK has warned that Iran is likely laying mines in the Strait of Hormuz, a critical oil shipping route. This development comes as Iran's new supreme leader called for keeping the waterway closed, raising tensions in the region. The strait handles about 20% of global oil shipments, making any disruption a major concern for energy markets.

The Strait of Hormuz is a narrow passage between Iran and Oman that serves as a vital chokepoint for global energy supplies. Any mining activity in these waters could severely impact oil tanker traffic and send crude prices soaring. The UK's assessment adds to growing concerns about Iran's intentions in the region, particularly as diplomatic relations remain strained.

Energy analysts warn that mining operations in the strait could quickly escalate into a broader conflict, potentially triggering military responses from the US and its allies. The timing is particularly sensitive given ongoing negotiations over Iran's nuclear program. Market volatility in oil futures has already begun to reflect these geopolitical risks, with traders pricing in the possibility of supply disruptions.