Hello and welcome to ESPN's live coverage of the 2017 Monaco Grand Prix.

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14:02 Raikkonen pulls up to his grid slow and we are just moments away. Here we go!

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13:59 The formation lap is underway as Raikkonen leads the field off from the grid.

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13:57 Not long to go now, we are just a few minutes away from the start of the 2017 Monaco Grand Prix. Can Ferrari end its 16-year drought in Monaco? Stay right here to find out!

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13:54 Hamilton opts to run down the pitlane following the national anthem in order to find his grid spot, as oppose to fighting his way through the packed grid.

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13:52 Ericsson, who starts last on the grid anyway, has received a five place grid penalty for a gearbox change.

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13:49 Around 10 minutes until lights out.

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13:46 A minute's silence before the national anthem now, as F1 pays its respects to the victims of last week's horrific Manchester terrorist attack.

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13:45 His teammate Button, who qualified an excellent 9th on his return to F1 -- and who was due to start 20th following his 15 place grid penalty -- will start from the pit lane after set up changes were made to his McLaren overnight.

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13:44Big chance of some first points of the year for McLaren here. Vandoorne starts 12th following his three place grid penalty for his part in the clumsy collision with Massa in Spain.

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13:41 Worth keeping an eye on the Red Bull pair of Verstappen and Ricciardo, too. Ricciardo was left frustrated after a Red Bull timing error in Q3 yesterday left him only fifth. He thought he had a genuine shot at pole but has to settle instead for the third row. Can either driver mix it up and challenge for the win, or at least, a podium?

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13:39 And just how far up the order can Hamilton progress from his lowly 13th on the grid. It is almost impossible to overtake here so strategy will play a big factor here. A safety car could prove to be Hamilton's saviour too. It could end up being a long afternoon for the Briton, who said himself he hopes to salvage some points.

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13:37 Let's not forget Bottas in third, who could well be in the mix today. He missed out on pole by just 0.045s -- a superb effort if you consider the struggles of his teammate Hamilton.

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13:33 Should be a fascinating race today in Monaco, with Ferraris second front row lock-out of the season. This time its Raikkonen on pole -- his first since 2008 -- ahead of Vettel. It will be interesting to see how Ferrari handles the race if the order remains the same after the start.

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13:30 The pit lane is open!

Lap 1

Raikkonen makes a good start to lead Vettel.

Bottas stays third as the field makes it through the first few corners cleanly.

Hamilton has already made up one place, dispatching Vandoorne for 12th.

Lap 2

Raikkonen holds a 1s advantage over Vettel.

Magnussen has made up two positions to get himself into the top 10.

Lap 3

The Ferraris are starting to pull clear of Bottas already.

Raikkonen sets an early fastest lap, with a 1:17.914s.

It's been a very clean start so far, with all 20 drivers still running.

Lap 4

Raikkonen now 1.4s clear of Vettel.

Replays showing that Hamilton got the jump on Vandoorne off the line.

Lap 5

A 1:17.072 from Raikkonen. He was 0.5s quicker than Vettel on that last lap.

"Is that not unsafe?" asks Button -- after being forced to slam the anchors on to avoid Wehrlein as both drivers came out of the pits.

Lap 6

The stewards are investigating Wehrlein over an unsafe release.

Lap 7

Bottas around 3s down on Raikkonen in the opening stages.

The Red Bulls are keeping Bottas honest just behind.

Lap 8

Raikkonen extends his lead over Vettel to 2s.

Lap 9

Hamilton remains 12th. The Briton is 1.4s adrift of Toro Rosso's Kvyat.

Lap 10

A new fastest lap from Vettel, who sets a 1:16.4 -- compared to Raikkonen's latest effort, which is a 1:16.5

Lap 11

Vettel is 2.1s off Raikkonen, with Bottas a further 6s behind. The race has settled down now with the field evenly spread out.

Lap 12

Vettel reduces the gap to 1.9s with his latest fast lap. Hamilton, meanwhile is already 26s off the lead...

Lap 13

Hamilton is falling away from Kvyat.

Five second time penalty has been awarded to Wehrlein for his unsafe release.

Lap 14

Raikkonen 1.8s clear of Vettel out front.

Lap 15

Vettel is again much quicker than Raikkonen on that last lap. This time 0.5s as the German looks to close in on his teammate.

Lap 16

Vettel cuts another 0.4s from Raikkonen's advantage...

Hulkenberg is in trouble here with plumes of smoke coming from the rear of his Renault.

The German is told he has a major gearbox problem. He parks his Renault at Portier.

Lap 17

Perez pits for Force India.

A quick front wing change as well for the Mexican.

Lap 18

Yellow flags in sector two.

Hamilton is now up into the points in 10th as a result of Hulkenberg's retirement and Perez's pit stop.

Lap 19

Hamilton is beginning to catch Kvyat in ninth.

Lap 20

Raikkonen has got the gap to Vettel back up to 1.7s.

Lap 21

Bottas is nearly 7s behind the Ferrari duo now. This is starting to look like Ferrari's race to lose...

Lap 22

Perez is right on the back of Stroll. That fight is over 15th place.

Lap 23

A good day so far for Haas. Both Grosjean (7th) and Magnussen (8th) are in the points with Williams and Force India currently outside of the top 10.

Bottas has picked up his pace in the last couple of laps. The Finn has taken 1.2s out of Raikkonen's lead.

Lap 24

Hamilton reporting he is struggling for grip and says his car is "all over the place".

Lap 25

Both Red Bull drivers and Bottas now quicker than Raikkonen.

Gap between Raikkonen and Vettel is just 1.1s.

Lap 26

"Come on, how close do I have to get," Raikkonen asks over team radio as he asks for blue flags.

Lap 27

Bottas within 3s of Vettel now. The Ferraris have hit traffic with Button and Wehrlein ahead.

Lap 28

Button moves out of the way but the gap between the top four has been significantly reduced. Has that bit of traffic made this a four way fight for the lead?

Lap 29

Verstappen staight-lines the final Swimming Pool chicane but continues on his way without major drama.

Lap 30

Hamilton is now 35s behind race-leader Raikkonen.

Lap 31

Verstappen is now 1.2 seconds behind Bottas.

Lap 32

Verstappen is visibly catching Bottas in third.

Verstappen pits. A steady stop from Red Bull as they try to force the hand of Mercedes. He comes out sixth.

Lap 33

Vettel, meanwhile has closed back up to Raikkonen. He is now within a second of his teammate.

Bottas now pits.

Lap 34

The Finn remains ahead of Verstappen but only just. The difference was Mercedes' pit stop, which was 0.8s faster than Verstappen's.

Race-leader Raikkonen pits.

Lap 35

Ricciardo sets a new fastest lap of the race.

"Checo, the temperatures are now cricital," Force India warns Perez.

Lap 36

Another new fastest lap from Ricciardo.

Lap 37

Vettel, who is yet to stop, is in clear air and lapping quickly.

Lap 38

A 1:15.5s from Vettel. Blisteringly-quick lap from the German.

Ricciardo pits.

Lap 39

Raikkonen stays ahead of Ricciardo, who comes out ahead of Bottas and Verstappen in third.

Vettel is told to pit.

Lap 40

Vettel returns to the track ahead of Raikkonen. Penny for Raikkonen's thoughts?

Verstappen on being told Ricciardo has jumped him: "What a f-----g disaster."

Lap 41

Ocon is told to box after suffering a puncture.

Lap 42

Hamilton, who is yet to stop, is now up to sixth, ahead of McLaren's Vandoorne.

Stroll is the latest driver to pit. He takes on a set of super-softs.

Lap 43

Hamilton's pace has picked up now he is running in clean air.

Lap 44

Vandoorne pits from seventh.

Lap 45

Raikkonen is now nearly 6s off Vettel.

Lap 46

Mercedes mechanics look ready for a pit stop.

Lap 47

Hamilton comes in for his stop. He switches onto the supersofts and returns to the track in seventh.

Lap 48

Vettel looks comfortable out front with 30 laps to go.

Lap 49

Vettel's lead is now over nine seconds.

Lap 50

Verstappen is around 1s behind Bottas in fifth.

Lap 51

Verstappen continues to bring the gap down to Bottas as the Finn hits some traffic.

Lap 52

If things stay as they are, it will be the first time since Spain 2016 that a Mercedes driver has failed to finish on the podium.

Lap 53

Bottas looks to have pulled away slightly on that last lap, having cleared traffic.

Lap 54

Bottas is warned of a possible lose drain cover at St. Devote. Both Magnussen and Ocon have suffered punctures so far.

Lap 55

Raikkonen is now 11s off Vettel.

Further back, Ocon is just 0.6s behind Ericsson's Sauber.

Lap 56

Hamilton is on it now as he rapidly closes in on Sainz's sixth place.

He is told he is currently the fastest man out on track.

Lap 57

Button is warned the track is "breaking up" at Turn 1.

Lap 58

Ricciardo continues to chase down Raikkonen in second place. The Australian is just 1.5s behind Raikkonen.

Lap 59

Raikkonen puts in a fast lap to stretch out his gap over Ricciardo to 1.7s.

Lap 60

safety Car is out.

Lap 61

Wehrlein's Sauber is up against the barriers at Portier.

Verstappen has pitted.

Button has pulled off the circuit and has retired.

Lap 62

Wehrlein confirms he is ok.

Replays show Button tried to make a move on the Sauber into Portier and ended up launching Wehrlein into the barriers.

Lap 63

Wehrlein is out of the car.

Lap 64

Safety Car remains out while Wehrlein's car is removed.

Perez pits for a second time.

Lap 65

Lapped cars may now overtake.

Ericsson hits the barriers at St. Devote as he attempts to get past the Safety Car to unlap himself.

Lap 66

Safety Car is coming in at the end of this lap.

This could play into the hands of Hamilton, who is now right on the back of Sainz with tyres that are nine laps younger than the Spaniard.

Lap 67

We are racing again in Monaco!

Ricciardo hits the barriers on the exit of St. Devote but manages to continue.

Vandoorne is out after crashing at Turn 1 while defending from Perez.

Lap 68

Vettel has already pulled out a 2.5s lead from Raikkonen.

Lap 69

Magnussen is told to push "like an animal" in his attempts to get past Massa.

Lap 70

Verstappen is just 0.6s behind Bottas on fresh ultra-softs.

Lap 71

The incident involving Button and Wehrlein will be investigated after the race.

Lap 72

Perez and Kvyat have had a coming together at Las Rascasse. Kvyat is out of the race.

Lap 73

Perez pits, which promotes Magnussen up to 10th, while Palmer is just outside of the points in 11th.

Lap 74

Stroll is the latest man to retire. Just 13 drivers left running in this race.

Lap 75

Verstappen has dropped to 1s behind Bottas.

Lap 76

Three laps to go! Hamilton is right on the back of Sainz now as he tries to gain an extra couple of points.

Lap 77

New fastest lap of the race from Perez.

Lap 78

Final lap as Hamilton says he is not going to risk a pass on Sainz.

Vettel rounds the final corner and takes victory! That's Ferrari's first win here since 2001.

Raikkonen completes a Ferrari 1-2, with Ricciardo finishing on the podium.

Bottas leads home Verstappen and Sainz, while Hamilton makes up six positions in his recovery drive to seventh.

Grosjean, Massa and Magnussen round out the top ten.

Vettel climbs out of his Ferrari and jumps for joy on top of his car.

The German then leaps into his Ferrari mechanics in celebration.

Vettel has extended his lead in the championship with that win.

Thank you for joining us for today's race. Please join us again for the Canadian GP in a couple of week's time.