Jordan’s military confirmed early Wednesday that its air defenses intercepted and destroyed three Iranian ballistic missiles, the latest in a pattern of attacks that has turned the kingdom into a frontline shield for US military assets in the region. No casualties or damage were reported, but the incident sent immediate tremors through global financial markets.

Bitcoin dropped to approximately $62,600 in the hours following the interception, while Brent crude climbed nearly 4%.

What happened and why it matters

The missiles were reportedly aimed at a US-linked air base in Jordan, part of the broader standoff between Washington and Tehran over control of and access to the Strait of Hormuz.

This wasn’t Jordan’s…