• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Middle EastIran

Iran’s dumbest weapon is now holding the global economy hostage

By
Eva Roytburg
Eva Roytburg
Fellow, News
Down Arrow Button Icon
By
Eva Roytburg
Eva Roytburg
Fellow, News
Down Arrow Button Icon
March 13, 2026, 4:07 AM ET
A bomb disposal officer in 1945 pulling a mine from the sea on the South East coast of Britain near Hythe.
A bomb disposal officer in 1945 pulling a mine from the sea on the South East coast of Britain near Hythe. Hamlin/Express/Getty Images

Sea mines are “simple, uncool weapons,” Scott Savitz, a naval marine warfare expert at RAND who was stationed in Bahrain in 2001, told Fortune. They predate World War I and haven’t advanced much since; they look like the spiky metal balls you’d imagine from the movies, small enough to slip neatly into a fishing boat and packed with TNT and ammonium nitrate. 

Recommended Video

But when they go off, they can snap ships straight in half, Savitz said. They have a “much greater effect, typically, than a missile,” and can inflict millions of dollars worth of damage for just a few thousand bucks a pop. And they’re pretty effective too: naval mines have caused 77% of all U.S. Navy ship casualties since 1950, per the Strauss Center at the University of Texas. 

As the 13th day of the Iran conflict draws to a close and with no end in sight, Iran is looking towards old tech to elevate its position in a war that has so far been dominated by hypersonic missiles. The sea mine isn’t flashy, but right now it could be Iran’s most dangerous weapon in the military conflict against the United States.

Some U.S. intelligence officials told CNN that Iran has begun laying mines in the Strait of Hormuz, the chokepoint that carries a fifth of the world’s oil and is currently the subject of the standoff between Iran and the U.S. Iran has attacked several oil tanker ships in and around the Strait in recent days, including two Iraqi oil tankers in the Persian Gulf that left one crew member dead. Nearly a quarter billion barrels per day of crude has been stranded in the Gulf since the war began nearly two weeks ago, commodity expert Rory Johnston has estimated. Crude oil prices have spiked, at the time of writing hovering just under $100 a barrel, and gas is up 20% due to the blockage. Across the Pacific, the situation is more dire: Pakistan has closed schools and mandated 4-day-work weeks; India is closing restaurants and hotels across the country to preserve oil for cooking; and Thailand has asked government bureaucrats to forego the elevator. 

The Strait of Hormuz isn’t actually “closed” by Iran, Savitz said. “It’s the decision of individual users whether or not they are willing to bear the risk. If they can raise the risk, or the perceived risk, to a level such that commercial traffic decides that they will not go through that strait, then that’s sufficient.”

The current risk level in the Strait has already scared off most major marine war insurers, who have pulled their coverage of ships in the Strait. Freight rates have soared to record highs, and a very large crude carrier heading from the strait to China can earn half a million in revenue a day. Yet, if true that Iran has laid mines in the Strait, that would turn a temporary blockade into something even harder to undo.

The psychological warfare of the sea mine

Sea mines are so powerful, in part, because they have “disproportionate psychological effects,” designed to prey on the fear of the unknown. The mines are nearly invisible at every stage and are incredibly difficult to detect—unlike missiles, where sailors can use heat signatures or trails picked up by radars. But for a mine, all that needs to happen is a vessel pulls up, shoves one overboard, and moves on. “There’s a splash in the water,” Savitz said. “Ships are dropping things in the water all the time.” 

There’s even more psychological warfare at play. Some mines are programmed to ignore the first ship that passes, detonating only on the fifth, just so that the mine-clearing team goes through safely and the tanker behind it takes the hit. 

Ship operators often fall into one of two traps: they either say, “’Well, I can’t see it, so I’m just going to ignore it’ and blindly find themselves in trouble,” Savitz explained, “Or they say, ‘Well, the waters might be mined,’ and they overreact and are unwilling to assume any risk from mines, even as they’re assuming other types of risk.” 

Some of the worst incidents have been due to the latter mistake. During the tanker war of the ’80s, Iran and Iraq attacked 450 ships in the Persian gulf, and their most devastating weapon was the mine. In 1988, ten Navy sailors were severely injured on the USS Samuel Roberts after hitting an Iranian M-08 mine designed exactly 80 years earlier. “All three of the US warships that were damaged by mines in 1988 and 1991 did not know they were in a minefield when it happened,” Savitz said. The U.S. responded with Operation Praying Mantis, the largest American naval surface battle since World War II, sinking half of Iran’s operational navy in a single afternoon. The repairs cost $90 million, all for a weapon approximated to be worth $1,500. 

The U.S. has had decades to prepare since the disaster. Yet, “The U.S. has been underinvesting in mine warfare for many decades,” Savitz said. The Navy decommissioned its last dedicated minesweepers in the Persian Gulf last September. Their replacements were supposed to be the littoral combat ship—a program Savitz called “a disaster,” because they built tiny metal ships that could set off the mines as opposed to the traditional wood and fiberglass minesweepers.

More so, mines are too boring to compete for budget. “A hypersonic missile is exciting and gets attention. Mines don’t.” The last time a U.S. warship was damaged by a mine was in 1991.

Hormuz escalation 

The question is if the conflict in the strait will escalate that far. Savitz is cautiously optimistic. “Yes, we will be able to get it open,” he said. The U.S. has divers, unmanned systems, allied minesweepers from Europe—even Navy dolphins trained to detect mines, he said. But the timeline depends entirely on what else is happening around them. Mine countermeasures forces move slowly, in predictable patterns, through waters that may also be covered by Iranian missiles, explosive boats, and drones. “Can we suppress those threats well enough that mine countermeasures forces can operate without undue hindrance?” Savitz said. “That’s the challenge.”

And even under ideal conditions, clearing mines is agonizingly slow. Savitz estimated the cost ratio between laying and clearing at “between one and three orders of magnitude”—essentially, up to a thousand times more expensive to remove a mine than to deploy one. 

“A hasty clearance”—opening just one single narrow lane for tankers to push through—could happen in days, Savitz said. Getting the strait to a safety level where tanker operators are willing to accept the risk could take weeks. But to fully remove and sweep the entire waterway, where tankers feel fully confident nothing is left, could take far longer; or could never come. There are still World War II mines in the Baltic Sea and the Pacific because they aren’t fully cleaned up.

Eventually, the calculus will shift. During the Tanker War, ships ran through minefields anyway. About 1% took a hit, Savitz said, “but the risk was deemed to be justified by the reward.”

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By Eva RoytburgFellow, News

Eva is a fellow on Fortune's news desk.

See full bioRight Arrow Button Icon

Latest in Middle East

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Middle East

A bomb disposal officer in 1945 pulling a mine from the sea on the South East coast of Britain near Hythe.
Middle EastIran
Iran’s dumbest weapon is now holding the global economy hostage
By Eva RoytburgMarch 13, 2026
1 hour ago
grocery store
EnergyIran
Oil and fertilizer prices are climbing. Your grocery bill may follow
By Jake AngeloMarch 13, 2026
2 hours ago
Nepali consumers wait in line carrying empty LPG cylinders as they rush to gas depots to refill them as growing tensions in West Asia halt the supply in Kathmandu, Nepal, on March 12, 2026. People wait for hours hoping to refill their gas cylinders. While some manage to purchase filled cylinders, many others return empty-handed as supplies remain limited. The disruption follows the escalating conflict involving the United States, Israel, and Iran, which heightens tensions across the Gulf region. Shipping through the Strait of Hormuz, a key maritime route bordering Iran, the United Arab Emirates, and Oman, is also affected by the conflict, disrupting the transport of gas and petroleum products. The impact is now felt in markets around the world.
EnergyIran
Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price
By Jordan BlumMarch 12, 2026
14 hours ago
iran
Middle EastMiddle East
Iran’s new Supreme Leader warns of ‘opening other fronts’ in first statement from hiding
By Jon Gambrell, David Rising, Mike Corder, Natalie Melzer and The Associated PressMarch 12, 2026
16 hours ago
evs
Energygas
This 55-year-old supply chain management professor took a gamble last year: he bought an electric vehicle
By Alexa St. John, Tammy Webber and The Associated PressMarch 12, 2026
16 hours ago
trader
EnergyMarkets
Oil hits $100 a barrel and stocks sink as Iran War drags on with no end in sight
By Stan Choe and The Associated PressMarch 12, 2026
16 hours ago

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
3 days ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly had mandatory meeting to address 'high blast radius' and AI-related incidents
By Sasha RogelbergMarch 11, 2026
2 days ago
placeholder alt text
Future of Work
'I don't know if we're ready': Governors from each party appalled at 100-year-old federal workforce strategy
By Catherina GioinoMarch 12, 2026
19 hours ago
placeholder alt text
North America
The U.S. Mint dropped the olive branch from the dime. What does that mean for the country?
By Catherina GioinoMarch 12, 2026
10 hours ago
placeholder alt text
Success
BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage
By Preston ForeMarch 11, 2026
2 days ago
placeholder alt text
AI
Sam Altman admits AI is killing the labor-capital balance—and says nobody knows what to do about it
By Nick LichtenbergMarch 12, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.