• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates

by March 13, 2026
written by March 13, 2026

U.S. forces destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz Tuesday, U.S. Central Command said, in what officials described as a move to prevent Iran from disrupting one of the world’s most critical maritime choke points.

The strikes come as oil traffic through the strait remains at a near standstill, threatening a corridor that carries roughly 20 million barrels per day — about one-fifth of global consumption — and squeezing Gulf exporters like Iraq and Kuwait that rely on the narrow passage to ship their primary source of revenue.

Prior to taking out the mining vessels, Trump demanded Iran remove them ‘IMMEDIATELY!’ warning that if it doesn’t, ‘the Military consequences to Iran will be at a level never seen before.’

U.S. officials have long warned that Iran maintains a significant naval mine inventory and has rehearsed tactics designed to threaten commercial shipping in the Gulf. The destruction of the vessels appears aimed at stopping any potential deployment before mines could be laid in shipping lanes.

The Strait of Hormuz, bordered by Iran to the north and Oman and the United Arab Emirates to the south, is a critical artery for global energy markets. Even the threat of mining operations can further disrupt traffic and spike insurance and shipping costs.

It was not immediately clear whether any mines had already been placed in the water before the U.S. action. Citing intelligence sources, CNN reported Iran had laid a few dozen mines in the strait in recent days and had the capability to place hundreds more. 

Since Friday, seven vessels, including four tankers and three bulk carriers, have passed through the strait, according to data from trade intelligence platform Kpler.

The U.S. Navy has been weighing escorts for commercial ships through the strait. 

‘We’re looking at a range of options there and will figure out how to solve problems as they come to us,’ Joint Chiefs Chairman Gen. Dan Caine told Fox News Tuesday. 

The world is watching to see whether the Navy will step in to try to free up shipping. Immediately after an inaccurate and since-deleted post from Energy Secretary Chris Wright claiming the Navy had escorted a tanker, oil prices fell nearly 12%.

European allies are moving in as well: France sent two frigates to join a European Union-led escort mission for ships through the strait, though their arrival timeline is unclear.

While U.S. Secretary of War Pete Hegseth has claimed the U.S. and Israel have ‘total air dominance’ over Iran’s skies, that doesn’t mean the threat from missiles and drones is entirely eliminated yet. 

The Navy won’t escort tankers until Iran’s missile and drone threat is eliminated, retired Gen. Jack Keane told FOX Business. 

‘Makes no sense in terms of the risk when we’re going to finish them off entirely in a few weeks,’ he said.  

Recognizing the squeeze on prices around the globe, Trump announced Monday the U.S. would remove oil-related sanctions. 

‘We are also waiving certain oil-related sanctions to reduce prices,’ he said during a press conference. ‘So in some countries, we’re going to take those sanctions off until this straightens out. Then, who knows, maybe we won’t have to put them on.’

The United States currently maintains sanctions affecting oil Iran, Venezuela, Russia, Syria and North Korea. 

White House press secretary Karoline Leavitt declined to detail what that relief would look like. A 30-day waiver was already recently issued for Russian oil stranded at sea to reach India.

A naval mine costing only a few thousand dollars can cripple or even sink a $2 billion U.S. destroyer. 

The danger is not theoretical: In 1988, USS Samuel B. Roberts nearly sank after striking an Iranian mine in the Persian Gulf. 

Mine-laying operations are often conducted covertly at night using small vessels such as fishing dhows or fast-attack craft, allowing mines to be deployed with little warning and potentially devastating consequences.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
House GOP urges Trump to choke off Iran ally’s oil profits as Middle East turmoil spikes US gas prices
next post
Trump touts 5-0 sweep by endorsed candidates in Tuesday primary elections

related articles

Justice Jackson sparks online uproar after linking birthright...

April 2, 2026

FBI warns some foreign apps could collect Americans’...

April 2, 2026

Trump-backed wife of RNC chair launches bid for...

April 2, 2026

Trump administration accused of violating court order by...

April 2, 2026

Pam Bondi already fired as attorney general, Cabinet...

April 2, 2026

What you need to know: 5 key takeaways...

April 2, 2026

Trump unleashes on Obama’s ‘disaster’ Iran nuclear deal,...

April 2, 2026

Senate candidate ripped over ‘word salad’ response to...

April 2, 2026

Senate passes bill to fund most of DHS...

April 2, 2026

Trump to address nation about Iran as he...

April 2, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Inside the Situation Room, where Trump and his national security team monitored ‘spectacular’ success on Iran

    June 22, 2025
  • ‘Squad’ Dems line up behind Kamala Harris to replace Biden

    July 21, 2024
  • Hims stock jumps 50% as Novo Nordisk ends lawsuit, strikes deal

    March 9, 2026
  • Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

    March 27, 2025
  • Dow futures soar ahead of Fed decision: 5 things to know before market opens

    March 18, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,461)
  • Investing (1,567)
  • Stock (1,011)

Latest Posts

  • White House investigating Biden use of autopen in sprawling probe of ‘incompetent and senile’ former president

    July 15, 2025
  • White House website now lists Trump as president, removes Biden, Harris content

    January 20, 2025
  • SCOOP: House Freedom Caucus draws battle lines as White House readies $9.4B DOGE spending cuts

    June 2, 2025

Recent Posts

  • FBI launches probes into 3 children’s hospitals for alleged genital mutilation of minors

    June 24, 2025
  • Trump implies government could cut contracts and subsidies to Musk’s companies

    June 7, 2025
  • Federal judge calls Comey indictment into question, asks if Halligan is a ‘puppet’ for Trump

    November 19, 2025

Editor’s Pick

  • Temu halts shipping direct from China as de minimis tariff loophole is cut off

    May 4, 2025
  • Zelenskyy warns peace talks without Ukraine ‘dangerous’ after Trump claims meetings with Russia ‘going well’

    February 3, 2025
  • Why did VSee Health (VSEE) stock surge more than 200% today?

    August 2, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock