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The U.S-Israel and Iran conflict has now entered its 12th day, which started with attacking military and nuclear sites, to bombing an oil refinery and water infrastructure, and now hitting Iran’s banks.
IRGC-linked media Tasnim News Agency published ‘Iran’s New Targets,’ listing infrastructure from Google, Microsoft, Palantir, IBM, Nvidia, and Oracle in Israel, the UAE, and Bahrain.
This has raised concerns in the traditional and crypto markets. If Iran escalates, how will the market react?
US-Israel Big Tech Firms are Now “Iran’s New Targets”
According to statements circulated by Tasnim News Agency tied to Iran’s Revolutionary Guard Corps, facilities linked to several US technology companies could become new targets.
The list includes companies such as Google, Microsoft, Nvidia, Oracle Corporation, Palantir Technologies, and IBM.
IRGC-linked Tasnim news agency says offices and infrastructure run by US tech firms with Israeli links including Google, Microsoft, Palantir, IBM, Nvidia and Oracle are “Iran’s new targets”.
They are located in Israeli cities, as well as in some Gulf countries.
LIVE updates:… pic.twitter.com/2LGE32LgwM
— Al Jazeera English (@AJEnglish) March 11, 2026
The report says that offices and infrastructure linked to these companies in Israel, the UAE, and Bahrain could be targeted, as Iran believes they help Israel through cloud and AI services.
The escalation began after U.S. and Israeli strikes on Iran on February 28, after which Iran retaliated with missiles and drones targeting economic and tech infrastructure across the region.
US–Israeli Strike Hits Iranian Civilian Bank
Recent tensions increased after reports that the U.S. and Israel bombed a civilian bank in Tehran. The strike hit Bank Sepah on Haghani Highway, where several bank employees were reportedly killed while working extra hours to prepare salary payments.
Following the incident, Ebrahim Zolfaqari, speaking for Khatam ol Anbia, urged civilians to stay at least one kilometer away from U.S. and Israeli banks or financial offices.
#BREAKING
Spokesperson for the Khatam al-Anbiya Central Headquarters:
Last night, the US and the Israeli regime targeted one of our banks after failing to meet their military goals. pic.twitter.com/lcntodREPX
— Tehran Times (@TehranTimes79) March 11, 2026
Iranian officials also warned people to avoid areas near financial centers linked to U.S. or Israeli interests.
How Will This Impact the Crypto Market?
After the latest tensions, the U.S. stock market saw a small drop, while stocks of companies like Microsoft, Google, and Nvidia showed slight volatility.
The crypto market also reacts to geopolitical tensions. When uncertainty rises, many investors move money away from risky assets. Because of this, crypto prices can rise or fall very quickly within hours. Similar reactions were seen during the Russia–Ukraine War.
With Bitcoin already about 50% below its all-time high, the price could face more pressure if the conflict continues to escalate.
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FAQs
Geopolitical tensions often increase volatility. Investors may shift funds to safer assets, causing sharp crypto price swings within hours during periods of uncertainty.
Conflicts raise global uncertainty. Traders reduce risk exposure, which can trigger quick sell-offs or sudden rallies in crypto markets depending on sentiment.
Iranian sources claim some tech firms provide cloud or AI services linked to Israeli infrastructure, raising geopolitical concerns around digital and tech networks.
Not always. While conflicts increase volatility, crypto sometimes rebounds quickly as traders return when uncertainty stabilizes or global liquidity improves.
