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US strikes on Iran shake crypto after ceasefire fails

US strikes on Iran shake crypto after ceasefire fails

  • The US military launched airstrikes against Iranian missile and drone storage facilities on 26 June, hitting four separate sites in southern Iran.
  • Six aircraft operating under US Central Command targeted coastal radar installations and weapons depots near the Strait of Hormuz, one of the world’s most strategically sensitive waterways.
  • The Pentagon framed the operation as a direct response to a drone attack on the cargo ship Ever Lovely, which occurred on 25 June.

President Trump described Iran’s actions as a “foolish violation” of a ceasefire agreement that had been in place for less than a week.

The US and Iran had reportedly reached an interim deal around 18–19 June, a fragile arrangement intended to pause a cycle of escalating military…

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