US Airstrikes Hit Iranian Missile Sites Amid Strait of Hormuz Tensions

The US military launched airstrikes against Iranian missile and drone storage facilities on June 26, targeting four separate sites in southern Iran. The strikes were carried out by six aircraft under US Central Command, aiming at coastal radar installations and weapons depots near the Strait of Hormuz.

The operation was framed as a direct response to a drone attack on the cargo ship Ever Lovely on June 25, which President Trump called a 'foolish violation' of a ceasefire agreement that had been in place for barely a week.

Crypto markets took a hit following the strikes, with Bitcoin and other digital assets experiencing price drops due to risk-aversion. The situation echoes a similar episode in May 2026, where US military action against Iranian targets sent Bitcoin plummeting below $73,000.