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This can CRASH global markets.
Just now IRAN Begins laying MINES in the Strait of Hormuz to choke the route for 20% of global oil supply, per CNN.
This could push oil prices to $150+, crashing markets worldwide.
Let me explain how and why ?
The Strait is 21 miles wide at its narrowest point, but only 2 miles are used for shipping traffic.
Iran has an estimated 5,000+ naval mines ready and if They drop few hundred into those 2 miles
Here’s what happens next:
→ Tanker insurance rates spike instantly
→ Oil companies reroute or halt shipments
→ 20% of world oil supply gets choked
→ Prices surge on risk alone, markets don’t wait for a detonation
Iran doesn’t need to fully close the Strait.
They can just make it too expensive and too dangerous to use.
The fear and Panic will cause the crash.