The US launches a joint airstrike, Iran retaliates by hitting an Israeli logistics base, US stocks fall over 1% during intraday trading

BlockBeats News, March 27th, the US-Iran conflict escalated again during the US stock market trading hours. According to Iran's state television, the Iranian military issued a statement indicating that a logistics base and transportation center of the Israeli military in Tel Aviv were attacked by an Iranian drone swarm. It is said to be Israel's largest transportation center.

At the same time, the US and Israel jointly launched airstrikes on the Iranian Khuzestan Steel Mill and the Isfahan-Mubarak Steel Mill. The power plant associated with the Mubarak Steel Mill was also targeted in the attack.

According to Bitget market data, as the situation in the Middle East deteriorated again, spot gold prices surged more than $30 in the short term, now trading at $4452.64 per ounce. The decline in the US stock market widened further, with the Dow down 1.08%, the Nasdaq down 1.31%, and the S&P 500 down 1.02%. US stock crypto concept stocks saw a larger decline, including:

Strategy (MSTR) down 6.1%;

Coinbase (COIN) down 6.4%;

Circle (CRCL) down 4.35%;

BitMine Immersion (BMNR) down 3.67%.