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Who profits from the Iran war? Follow the Money

Defence stocks, energy profits, anonymous bets: who gains from the Iran war? Sam Fenwick follows the money from defence firms to exporters to alleged bets before the news broke.

When the US and Israel struck Iran in March 2026, Wall Street was opening as missiles were still flying. Within hours, a small number of investors and companies stood to make billions. The conflict has already cost an estimated $40 billion. Sam Fenwick follows the money; from defence contractors replacing weapons systems, to gas exporters benefiting from disruption in the Strait of Hormuz, and to anonymous traders who appear to have bet on the strikes before the news broke.

Presenter: Sam Fenwick
Producer: Matt Lines

You can email the team on businessdaily@bbc.co.uk

Release date:

18 minutes

On radio

Next Tuesday 07:32GMT

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  • Next Tuesday 07:32GMT
  • Next Tuesday 14:32GMT

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