It does, and location and captions are stripped by default using the system picker. It's the switches icon in the bottom left.
Doesn't strip all metadata, such as make/model, ISO, aperture etc.
No, but "photo taken on one of the most common phone models in existence" is not _especially_ identifying.
I don't want people to know the precise date time of taking the photo. I don't want people to know whether I'm frugal and staying on iPhone 12 or I splurged and upgraded to iPhone 16 Pro. I don't want people to know the version of iOS I was running. I don't want people to know the name of the software that I used to adjust the curves and white balance.
FWIW I have a free app installed called iVerify that mostly just reminds me when a new iOS is released but recently I noticed they added a "Strip metadata from photo" feature to the sharing tray, so you can pipe a photo through it and then copy to another app.
Is this only on iVerify EDR? I can’t seem to find it on the up-to-date basic version.