The US military executed a coordinated wave of precision strikes against Iranian military infrastructure on July 13, 2026. The five-hour operation targeted maritime strike capabilities, including missile and drone installations at key coastal sites like Bushehr, Chah Bahar, and Bandar Abbas.
This action followed a strike wave on July 12 that damaged approximately 140 Iranian military targets. CENTCOM utilized precision munitions from aircraft, naval vessels, and drones, reflecting a sustained, multi-domain military campaign.
The immediate trigger was Iranian attacks on commercial ships in early July 2026, targeting vessels in the Strait of Hormuz. This critical waterway handles roughly one-fifth of the world's oil supply, making disruptions a direct concern for global energy prices and risk sentiment.
The conflict has been building since a ceasefire collapsed in February 2026. The US and Israel have since conducted thousands of strikes against Iranian infrastructure.
Bitcoin fell over 2% on the news, settling near $62,000. The broader crypto market absorbed roughly $350 million in liquidations as leveraged positions were wiped out.
Investors are closely watching the Strait of Hormuz. Sustained shipping disruptions there impact oil prices, inflation expectations, and the broader risk environment for crypto. The $62,000 level is now a key support test for Bitcoin. Market focus is on any Iranian response, further CENTCOM operations, and the status of commercial shipping in the region.