The Monaco Grand Prix will continue to be contested through at least 2031 after Formula 1 agreed to a six-year extension with the Automobile Club of Monaco on Thursday.

Formula One's iconic Monaco Grand Prix will remain on the calendar until at least 2031 after a six-year extension was announced on Thursday with a date change to June that also avoids future clashes with the Indianapolis 500.

There had been doubts about Monaco's long-term future of the race given its notorious struggles to provide an entertaining race on the narrows streets of the principality, but F1 and Monaco have now struck a deal that will see the race remain on the calendar for six more years.