Secretary of Defense Pete Hegseth‘s broker allegedly attempted to buy stocks in a defense contractor before the U.S.-Israeli attack on Iran. The Pentagon has denied the allegations, but the implication casts Hegseth’s war rhetoric in a new light and is just one of many accusations suggesting individuals made money on the war.
The allegations stem from a report first published by the Financial Times and later confirmed by multiple outlets, including Reuters. According to reporting, a Morgan Stanley broker working with Hegseth contacted BlackRock about investing millions of dollars into a defense-focused exchange-traded fund that includes major military contractors. The investment attempt reportedly took place weeks before the U.S. and Israel launched strikes on Iran. The investment was not completed.
