The US military launched strikes against Iranian military targets on June 10-11, with President Trump promising more to come. “We hit them hard yesterday and we’re going to hit them hard again today,” Trump said, framing the operations as a direct response to Iran’s attacks on US bases across the Gulf region.
This is the most severe escalation between the two countries since a ceasefire was established in April 2026. And crypto markets are feeling every bit of it.
What happened
The sequence of events started with Iran downing a US Apache helicopter near the Strait of Hormuz using a drone. Both pilots survived without injuries, but the incident effectively torched whatever remained of diplomatic goodwill between Washington and Tehran.
CENTCOM classified the subsequent US operations as “self-defense strikes,” targeting strategic military installations, surveillance infrastructure, and radar sites inside Iran. The military reportedly used 49 Tomahawk missiles in the operations.
