US airstrikes collapsed the maritime tower at Iran's Chabahar port for the third time this week, according to reports from the region. The repeated strikes come as Bitcoin holds near $63,800 and shipping insurance costs spike amid the escalating Iran conflict.
The third strike on Chabahar
Chabahar's main maritime control tower was hit again on Sunday, the third such strike in seven days. The port, located on Iran's southeastern coast, is a critical node for both commercial shipping and regional trade routes. Each previous strike had been followed by repair efforts, but the latest attack appears to have caused more extensive damage. It's not clear how long the port can remain operational under this tempo of strikes.
Bitcoin's steady hand
Bitcoin is trading near $63,800, showing little reaction to the escalating military action. The price has held that level for most of the week, even as traditional safe havens like gold saw modest gains. Crypto traders seem to be treating the conflict as a regional event rather than a global market shock — at least for now. The lack of volatility suggests the market has already priced in a certain level of geopolitical risk.
Shipping insurance costs spike
Shipping insurers are raising premiums for vessels transiting the Persian Gulf and the Gulf of Oman, with some rates jumping by double digits in the past few days. The strikes on Chabahar, combined with earlier disruptions in the Strait of Hormuz, have made underwriters nervous. Cargo owners moving goods through the region are facing sharply higher costs, and some are rerouting shipments to avoid Iranian waters entirely. The timing isn't great — global supply chains are still recovering from last year's logistics bottlenecks.
What comes next
The US has not announced any change in its operational tempo, meaning further strikes on Chabahar or other Iranian port infrastructure remain possible. Shipping companies are expected to make rerouting decisions in the next 48 hours, which could push insurance costs even higher. For Bitcoin, the key question is whether the conflict stays contained or draws in other players — something that would test the $63,800 support level.
