Strait of Hormuz dotted with about a dozen Iranian mines, U.S. officials say

In a tense situation involving the Strait of Hormuz, U.S. officials have reported that Iran has placed underwater mines in this crucial waterway, which is vital for global oil trade. These mines, identified as the Iranian-made Maham 3 and Maham 7, pose a threat to passing vessels. The Maham 3 uses sensors to detect ships and can activate within 10 feet of a target, while the Maham 7 is designed to be difficult to detect and can target medium-sized ships and submarines. President Trump, who initially threatened severe action against Iran, has since opted for diplomatic negotiations, involving his envoy and son-in-law, to resolve the issue. However, Iran denies any direct talks, accusing Trump of stalling. The situation remains delicate, with potential implications for international trade and regional stability. QUESTION: How might the presence of underwater mines in the Strait of Hormuz impact global oil prices and international relations?