Explosions ripped through Bandar Abbas, Iran’s most strategically vital port city, with state-affiliated Nour News confirming the blasts along the Gulf Coast. The incidents, tied to ongoing US military strikes targeting Iranian naval and missile installations, mark another chapter in a rapidly escalating confrontation between Washington and Tehran that has rattled energy markets but left crypto surprisingly unfazed.
Bitcoin was trading near $63,800 during the latest round of strikes, registering an intraday move of roughly 0.3%.
What’s happening in Bandar Abbas
The explosions, reported between July 12 and 14, targeted areas east of Bandar Abbas, a city that serves as Iran’s primary naval base and handles approximately 80 million tons of goods annually. US Central Command confirmed it was striking coastal defense and maritime facilities, a pointed response to what Washington described as Tehran’s aggression toward commercial shipping in the region.
Bandar Abbas sits right on the Strait of Hormuz, the narrow waterway through which roughly 20% of the world’s seaborne oil passes.
