Iran's Islamic Revolutionary Guard Corps Aerospace Force commander, Brigadier General Majid Mousavi, has declared strikes will continue until calm returns to the southern coast and the Strait of Hormuz. The narrow waterway handles roughly 20% of global oil supply daily.
Mousavi's statement represents an open-ended commitment to retaliatory action. This follows a cycle of US-Iran military confrontations this year.
The crypto market has previously reacted sharply to such tensions. Earlier US-Iran escalations saw Bitcoin drop to near $61,688 and the total crypto market capitalization lose over $80 billion.
For investors, these geopolitical risks can trigger rapid market drawdowns with slow recoveries. This asymmetry poses a specific threat to leveraged trading positions.