The US carried out a ninth consecutive night of military strikes against Iran early on Monday, targeting command centres, missile facilities, air defence systems, maritime assets and communications infrastructure. The latest developments indicate the conflict is expanding beyond direct military exchanges, with growing implications for regional security, global energy supplies and international shipping. Here is what to know. Why are the US strikes continuing? President Donald Trump said US forces had struck Iran “very hard,” describing the operations as retaliation for the deaths of US service members in the Middle East. The latest casualty on the US side came in northern Iraq, where a service member was killed during the controlled detonation of unexploded ordnance recovered from a downed Iranian drone. According to American media, at least 17 US soldiers have been killed since Feb 28, when the US and Israel attacked Iran. Strait of Hormuz at the heart of the co...
A broker for United States Defense Secretary Pete Hegseth sought to make a significant investment in major defence companies in the days before the Iran war, according to the Financial Times (FT). The Pentagon, however, has dismissed the report. According to CNBC, FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp, Lockheed Martin, and Northrop Grumman, among its largest holdings, BlackRock data showed. The CNBC report states that according to the London Stock Exchange Group (LSEG) data, the ETF has lost 12.4% in the past month, around the time when the Iran war started. Read: Crude oil tanker off Dubai hit by Iranian strike after Trump's latest threats FT also said that the investment discussed by Hegseth’s broker did not move forward as the fund wa...