Defense Stocks Strain as Conflict Widens
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Bloomberg Economics' Becca Wasser says the Iran conflict is placing growing strain on US air defense interceptor stockpiles, limiting military options as Washington balances continued strikes, maritime security and the risk of a wider regional war. Bloomberg Economics' Chris Kennedy says simultaneous disruptions in the Middle East and Ukraine are tightening global energy markets, with declining inventories, constrained LNG exports and pressure on oil and diesel supplies increasing economic risks for Europe and beyond.