The closure of the Strait of Hormuz could potentially increase global inflation by about 1–2 percentage points and reduce global GDP by roughly 0.5–1.0 percentage points, believes wealth advisory firm, ASK Private Wealth in its Newsletter. In the equity markets, this scenario is not entirely negative, highlighted ASK Private Wealth. Non-Gulf oil producers (like ExxonMobil,…
US-Iran war: The US defense stock and maker of the fifth-generation F-35 fighter jet, Lockheed Martin, was poised to open higher for the second day in a row on Monday, March 9. The stock was poised to rise as the conflict in the Middle East showed no signs of abating, and amid a push for…
Israeli Defense Forces (IDF) on Wednesday (local time) said that an F-35I fighter jet shot down an Iranian Yak-130 multirole jet over Tehran, making it the US-made stealth jet’s first known air-to-air victory against a crewed plane, Bloomberg reported. Also Read | US-Iran conflict news: What all weapons did US army use? CENTCOM reveals list…
Global defense stocks witnessed sharp gains on Monday, March 2, as escalating hostilities between the United States and Iran triggered renewed investor interest in military and aerospace names. While broader equity markets turned volatile, defense stocks emerged as clear outperformers. The rally was driven by expectations that prolonged geopolitical tension could lead to higher defense…
The Pentagon has reportedly asked Boeing and Lockheed Martin to assess their reliance on Anthropic’s AI model, Claude — an early move that could pave the way for formally designating the firm a “supply chain risk”, reports Axios. Such a designation in US is typically reserved for companies linked to adversarial states. Applying it to…
