Iran Faces 30-Day Deadline to Clear Hormuz Mines: Axios

Axios reported that Iran must remove mines from the Strait of Hormuz within 30 days, a move that could ease tensions in a critical maritime chokepoint. This development impacts the risk appetite in global oil markets, as any disruption in this area could lead to significant supply constraints. Oil prices and related energy stocks are particularly exposed, given that the Strait of Hormuz is a vital route for oil shipments. Traders will be closely watching for any official announcements or actions from Iran regarding compliance with this ultimatum, as well as potential responses from other regional players.

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