US military strikes on Bandar Abbas, Iran’s strategically critical southern port city, killed two people and wounded eight others. The attacks, which began around July 12, mark a significant escalation in hostilities that has already started rattling crypto markets.
Bitcoin briefly traded below $73,000 as news of the strikes filtered through markets.
What happened in Bandar Abbas
The strikes targeted key Iranian naval facilities in and around Bandar Abbas, a port city that sits at the mouth of the Strait of Hormuz. Roughly a fifth of the world’s oil supply passes through that narrow waterway every single day.
Reports from Iranian state media described explosions near bridges and infrastructure west of the city. The two fatalities and eight injuries came from these blasts, though the full extent of damage to military installations remains unclear.
