American forces intercepted and destroyed multiple Iranian attack drones near the Strait of Hormuz this week, marking a sharp escalation in tensions between Washington and Tehran that has immediate implications for global energy markets and, by extension, crypto.

US Central Command confirmed the shootdowns, which took place between June 5 and June 7. Between two and four one-way attack drones were engaged after being assessed as immediate threats to maritime traffic in the strait. No US or commercial vessels were damaged in the incidents.

What happened and why it matters

Roughly 20% of the world’s oil supply passes through this narrow corridor between Iran and Oman.

Beyond the drone interceptions, the US launched follow-on strikes targeting Iranian coastal radar and control installations.