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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“Iranian Patriots, KEEP PROTESTING – TAKE OVER YOUR INSTITUTIONS!!! Save the names of the killers and abusers. They will pay a big price. I have cancelled all meetings with Iranian Officials until the senseless killing of protesters STOPS. HELP IS ON ITS WAY. MIGA!!! PRESIDENT DONALD J. TRUMP”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Trump’s fiery support for Iranian protests and hinted policy shift could raise perceived geopolitical risk in the Middle East, often bullish for crude prices and thus supportive of energy names like Chevron, Exxon Mobil, XLE, OIH and VDE in the short term. Heightened tensions and the prospect of increased defense posturing or arms demand could also benefit aerospace and defense contractors, lifting ETFs such as PPA, XAR, ITA and holdings like Lockheed Martin. However, the market’s actual reaction will depend on whether this rhetoric translates into concrete policy actions or sustained instability, with volatility likely if investors fear escalation or supply disruptions.
Here are some of the stocks that might be affected:
Chevron ((CVX)),
Exxon Mobil Corp. ((XOM)),
Lockheed Martin ((LMT)),
Energy Select Sector SPDR Fund ((XLE)),
VanEck Oil Services ETF ((OIH)),
Vanguard Energy ETF ((VDE)),
Invesco Aerospace & Defense ETF ((PPA)),
SPDR S&P Aerospace & Defense ETF ((XAR)),
iShares U.S. Aerospace & Defense ETF ((ITA)).