Multiple sources say Iranian-laid sea mines are present in the Strait of Hormuz, and clearing operations are expected to last 40 to 50 days. The waterway previously carried 20% of the world’s daily oil and LNG shipments, but traffic has recovered to only one-tenth of pre-war levels at 12–15 ships a day versus 120–140. The United States, Britain, Germany and France have deployed minesweeping capabilities, though progress on clearance has not been confirmed. With oil inventories in major economies near their lowest level since 2003, the risk of supply disruptions has materially increased.