The US has reportedly burned through nearly all of its long-range precision missiles during the ongoing military campaign against Iran, even as the White House insists stockpiles remain sufficient and production is running at historic highs.
Operation Epic Fury, launched in early March 2026, has targeted Iranian ballistic missile sites, naval assets, and key infrastructure across the country. The campaign represents the most intensive use of US precision munitions since the conflicts of the early 2000s.
Risk-off sentiment slams digital assets
Bitcoin and other digital assets have slid in value as the conflict intensifies. The correlation between rising crude prices and declining crypto valuations has become one of the defining market dynamics of mid-2026.
Traders watching the situation should note that volatility is likely to persist as long as the military campaign continues. The intersection of commodity price shocks and risk-off sentiment creates a particularly hostile environment for assets that rely on speculative appetite to maintain valuations.
