President Trump and Israeli Prime Minister Netanyahu held discussions centering on Iran’s remaining missile arsenal, the status of Supreme Leader Mojtaba Khamenei, and the conspicuous absence of uranium enrichment activity at the strategically critical Pickaxe Mountain facility.
Israeli intelligence confirmed that Khamenei remains alive following Operation Rising Lion, though he has not made a public appearance since the operation. Iran’s missile stockpile, meanwhile, sits at roughly 1,500 to 1,600 missiles after prior US-Israeli strikes destroyed significant production infrastructure. And at Pickaxe Mountain, there are currently no signs of active uranium enrichment.
Oil prices and the macro ripple effect
Iranian missile launches in late July 2026 already triggered a 5% spike in oil prices. Trump has signaled strong retaliatory measures should Iranian attacks against US targets continue. The options reportedly on the table range from a renewed nuclear deal to ramped-up sanctions to further military engagement.
Why crypto traders should care about Iranian missiles
