A US official said the US military carried out new strikes on an Iranian military site and shot down multiple Iranian drones that posed a threat to US forces and commercial maritime traffic in the Strait of Hormuz.

US military struck Iranian missile sites near Bandar Abbas, triggering $300M in crypto futures liquidations and pushing Bitcoin below $63K as oil topped $100.

The US military also intercepted and shot down multiple Iranian drones that posed a similar threat, says the official.