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The Times of India

World

TOI World Desk

Pete Hegseth’s broker explored investment in defence firms before Iran attack: Report

Pete Hegseth Morgan Stanley Iran BlackRock Donald Trump the Department of Defense United States

A broker working for US secretary of war Pete Hegseth explored a major investment in defence-linked assets shortly before the US-Israeli military action against Iran, the Financial Times reported on Monday, citing people familiar with the matter.

According to the report, the broker, affiliated with Morgan Stanley, reached out in February to BlackRock about putting a multimillion-dollar sum into a defence-focused exchange-traded fund. The outreach came weeks before the US joined Israel in launching strikes against Tehran.

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