The United States and Israel have launched coordinated military strikes across Iran under Operation Shield of Judah, targeting Tehran, military installations, and senior leadership including Khamenei and Pezeshkian. Iran has begun retaliatory strikes on Israel and Gulf state US bases. Israel has declared a nationwide state of emergency and closed airspace. This is the largest US military action in the Middle East since 2003. Markets reacting: BTC below $64k, gold surging past $5,200, oil spiking on Strait of Hormuz risk.