US military completes strikes on Iranian military targets as conflict enters second month

The US military has completed another round of strikes against Iranian military targets, according to US Central Command, marking roughly ten consecutive nights of operations against Iranian infrastructure since the conflict began.

The strikes are part of a sustained campaign that started February 28, 2026, when US and Israeli forces launched coordinated airstrikes against Iran under what has been called Operation Epic Fury. President Trump authorized the military action following intelligence assessments pointing to Iranian threats against regional stability, particularly around the Strait of Hormuz.

What the US is hitting and why it matters

CENTCOM has focused its strikes on command and control centers, missile and drone launch sites, and air defense systems.

The Strait of Hormuz is one of the world’s most consequential maritime chokepoints, through which a significant share of global oil supply passes. Iran has responded with missile and drone attacks targeting commercial vessels in the region, raising serious concerns among shipping operators and insurers about the safety of transit through the area.

The conflict also follows the deaths of senior Iranian officials, including Supreme Leader Ali Khamenei, events that fundamentally altered the political calculus inside Iran.

Market implications: oil, equities, and the Bitcoin question

No specific crypto tokens have shown direct, measurable reactions to the military strikes so far. The crypto market appears to be treating this as a macro backdrop concern rather than a catalyst for immediate price action.

What investors should watch is the oil price trajectory and the behavior of global equity indices, particularly energy-heavy benchmarks.

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