Trump Acknowledges Major Operation Against Iran
On February 27, President Trump confirmed that a “massive combat operation” was in progress targeting Iran, which led to a significant drop in global markets, including cryptocurrencies.
The joint U.S.-Israel initiative, named “Operation Epic Fury,” has seen digital asset values plummet within just 24 hours, and this has reportedly triggered retaliatory missile launches from Iran.
In a video shared on Truth Social, Trump described the operation as a “major combat operation” focused on dismantling Iran’s missile and naval capabilities. He emphasized its purpose was to prevent Iran from obtaining nuclear weapons, acknowledging the possibility of American casualties.
“I don’t say this lightly. The Iranian regime is out to kill,” Trump remarked.
He insisted that Iran “cannot have nuclear weapons.”
This announcement came after indirect talks in Geneva suggesting some progress on a potential nuclear deal earlier that week. Trump stated that the Iranian government would “not give us what we deserve” and warned that the U.S. might act “swiftly and violently if necessary.”
When questioned about the potential for a prolonged conflict in the Middle East, Trump acknowledged the inherent risks of war:
“When war occurs, there are all kinds of risks, both good and bad.”
Israeli Defense Minister Yisrael Katz confirmed that Israel had executed a “pre-emptive” strike against Iran. Reports indicated explosions in five Iranian cities, including Isfahan, Qom, Qarazi, Kermanshah, and Tehran, with images circulating of smoke rising from multiple sites.
In retaliation, the Israel Defense Forces (IDF) reported that Iran had launched a missile towards Israel. They stated:
“Sirens were sounded in several areas of the country following confirmation of missiles fired from Iran towards Israel.”
This escalation occurred against a backdrop of increasing pressure from Washington, which has consistently warned Iran against advancing its nuclear and ballistic missile programs.
Riskier assets reacted swiftly; Bitcoin fell 6.4% over the past 24 hours, trading at $63,539.29. Ethereum dropped 8.8% to $1,853.19, XRP fell 9.4% to $1.29, and Solana saw a decline of 10.8%, trading at $78.10.
