Shiraz Electronics Industries Facility Hit by Airstrike Amid Ongoing US-Israel Campaign

An airstrike hit Iran's Shiraz Electronics Industries (SEI) facility in northwest Shiraz, targeting its military-grade radar and electronic warfare systems production. This is not the first time SEI has been hit, as it was previously sanctioned by the US Treasury in 2008 for its role in Iran's defense electronics supply chain.

The strike adds to a growing tally of over 300 airstrikes across Iran since early 2026, with significant strikes on March 29 and July 11 already causing visible damage. The facility has become a recurring target in the ongoing US-Israel military campaign.

The airstrikes have had a ripple effect on crypto markets, with Bitcoin's price falling nearly 2% to around $61,000 following an earlier strike in June 2026. The overall digital asset market shed an estimated $80 billion in value after May 2026 strikes, one of the sharper single-event drawdowns the space has seen.

Iranian exchanges have also seen notable outflows following earlier strikes, with domestic holders likely moving assets to offshore custody or converting them to stablecoins as a hedge against economic disruption and infrastructure damage.