Iran’s Islamic Revolutionary Guard Corps launched a missile strike against a US airbase early May 28, claiming direct retaliation for American air strikes near the strategic port of Bandar Abbas. The attack occurred at approximately 4:50 a.m. local time, and the IRCG described it as a “serious warning.”
The IRGC did not publicly identify the specific US installation targeted. Air defense activity detected in Kuwait suggested the base may be located there, but no official confirmation has come from either side.
The strikes follow a broader pattern of escalating military exchanges in the region, referred to as the 2026 Iran war.
Bandar Abbas sits directly on the Strait of Hormuz, the chokepoint through which roughly one-fifth of the world’s petroleum passes. Any sustained disruption there can send crude oil prices into a spiral.
No specific cryptocurrency was directly linked to the strike. However, when geopolitical risk spikes, institutional investors typically shift to risk-off mode, moving out of volatile assets like crypto into safe havens such as gold or Treasuries. A sustained rise in crude oil prices would also fuel inflation, further pressuring fiat currencies.