The future of the Monaco Grand Prix in Formula One has been secured with a six-year extension that will keep the race on the calendar until at least 2031. This agreement, announced on Thursday, includes a change in the race date to June, which will help avoid future scheduling conflicts with the Indianapolis 500. The Monaco Grand Prix has been a staple of the motorsport world since the inaugural Formula One season in 1950, with the exception of 2020 when it was canceled due to the global pandemic. The iconic race, held on the streets of Monte Carlo, continues to be a highlight of the F1 calendar.