US military strikes Iranian sites near Strait of Hormuz after cargo ship attack
CENTCOM targeted Iranian missile, drone, and radar installations on June 26 following a drone strike on a Singapore-flagged cargo vessel
The United States military conducted airstrikes against Iranian military infrastructure near the Strait of Hormuz on June 26, 2026, one day after an Iranian drone struck a Singapore-flagged cargo ship transiting the waterway. The strikes hit missile storage facilities, drone depots, and coastal radar installations, with US Central Command releasing video footage of the operation.
The targeted sites included locations on Qeshm Island, a strategically positioned strip of land that sits inside the strait itself.
What triggered the strikes
On June 25, Iranian forces deployed drones against the M/V Ever Lovely, a cargo vessel registered in Singapore. President Donald Trump publicly condemned the attack, calling it a “foolish violation” of an existing ceasefire between the two countries.
The ceasefire itself is a product of a conflict that escalated sharply in late February 2026, when US and Israeli forces conducted airstrikes on Iranian territory.
The Strait of Hormuz is the narrow passage between Iran and the Arabian Peninsula through which nearly 20% of the world’s oil trade flows.
What this means for markets and crypto investors
Oil markets are the most direct transmission mechanism here. Military exchanges near the Strait of Hormuz have historically produced sharp spikes in crude prices.
For crypto investors, there is no evidence that digital assets were involved in the conflict, the drone attack, or the subsequent strikes.
CENTCOM’s decision to publish strike footage quickly suggests the US wants this read as a proportionate, bounded response rather than an escalation toward broader conflict.