Iran has escalated tensions in the Strait of Hormuz by laying thousands of sea mines, directly threatening the passage of over 20 million barrels of oil per day. This aggressive maneuver follows repeated declarations from Iran's Revolutionary Guard about initiating a de facto closure of the strategic waterway, which could lead to catastrophic spikes in oil prices and substantial economic turmoil globally, particularly for oil-dependent nations. Concurrently, the U.S. Navy is preparing to escort commercial vessels while the International Energy Agency mobilizes emergency oil reserves to mitigate the immediate impacts on global supply chains. As the situation intensifies, world leaders are grappling with the economic and geopolitical ramifications of Iran's actions.