# USLaunchesNewStrikesOnIranOilRebounds

On May 27, the US launched new strikes on military facilities in southern Iran, citing threats to safe passage through the Strait of Hormuz. Explosions were reported in Iran's Bandar Abbas port, with air defense systems activated. Oil prices jumped over 2 percent, with WTI climbing back above 90 US dollars. Nearly 100,000 traders were liquidated in crypto markets as Bitcoin briefly fell below 74,500 US dollars.