President Donald Trump threatened in July 2026 to strike Iran’s underground nuclear facilities, including Pickaxe Mountain, a hardened site near the Natanz enrichment complex. Bitcoin declined more than 2 percent amid rising US-Iran geopolitical tensions, as traders reduced their risk exposure. Pickaxe Mountain, located roughly 220 kilometers south of Tehran, reportedly houses thousands of uranium-enrichment centrifuges relocated since 2025-2026. A strike on this buried facility would require specialized bunker-busting munitions such as the Massive Ordnance Penetrator. Potential oil supply disruptions from a US-Iran conflict could fuel inflation and complicate Federal Reserve policy decisions.
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