Iranian armed forces launched cruise missiles and drones at US warships near the Strait of Hormuz on May 4, marking a dramatic escalation in the ongoing US-Iran conflict. US Central Command reported that all incoming projectiles were intercepted, with no damage to American or commercial vessels.
That’s the military headline. The crypto headline is arguably stranger: Iran is reportedly building a Bitcoin-settled maritime insurance platform called “Hormuz Safe,” designed to collect transit fees from oil tankers passing through the strait.
What happened in the strait
US forces intercepted the barrage of missiles and drones without sustaining casualties. The Navy also sank six Iranian speedboats during the engagement using Apache helicopters.
Iran later confirmed it had conducted large-scale missile and drone attacks targeting US destroyers in the area.
