If Iran had a hand in the Israeli attacks, the latest war could become far more explosive.
According to Eurasia Group’s Ian Bremmer, as quoted by CNBC, “If it is found that Iran helped to plan these attacks by Hamas, that would be a game changer and would probably lead to Israeli strikes against Iranian military. The broader question is whether or not we see ongoing military collaboration for Hamas, from Iran, from Syria … that could of course lead to an expansion of the war.”
Plus, with the U.S. standing by Israel, investors may want to keep an eye on defense stocks, such as oversold shares of RTX Technologies (RTX). After all, the latest war could boost defense budgets even more, and send RTX screaming higher again.