US missiles hit military targets near Bandar Abbas, Iran’s strategically critical port city on the Strait of Hormuz, with reports confirming no civilian injuries or damage to non-military infrastructure. For crypto markets, the explosions landed harder than the ordnance itself.

Bitcoin dropped below $73,000 as risk-off sentiment swept through digital asset markets following the strikes around July 7, 2026.

What happened near Bandar Abbas

The strikes were part of a broader CENTCOM operation that targeted approximately 140 military sites across Iran. Throughout July 2026, the total count of US strikes exceeded 300.

Bandar Abbas sits at the mouth of the Strait of Hormuz. Roughly a fifth of the world’s oil passes…