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Hegseth’s broker tried to buy millions in defense stocks before Iran attack

Ellsworth Toohey
Mar 31, 2026
∙ Paid

Pete Hegseth (Joshua Sukoff/shutterstock.com)

Before the United States launched military strikes against Iran, Defense Secretary Pete Hegseth’s broker at Morgan Stanley contacted BlackRock about making a “multimillion-dollar investment” in BlackRock’s Defense Industrials Active ETF — a fund that tracks weapons and military contractors, according to Reute…

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