Sources say that before military action against Iran, the U.S. Defense Secretary's broker plans to set up a defense fund.

Three sources say that, weeks before the U.S. Defense Secretary Hegseth’s broker attempted to launch a major defense investment for military action against Iran on behalf of the U.S. and Israel, he had tried to make a large defense investment. In February, Hegseth’s broker at Morgan Stanley, an international financial services company, contacted investment management firm BlackRock to discuss investing in its defense-industry actively traded open-ended index fund, in the amount of several million dollars. The fund held heavy positions in stocks of defense giants such as Raytheon Technologies and Lockheed Martin. Although the investment transaction ultimately could not be completed, given that at the time the U.S. Department of Defense was preparing to carry out a large-scale military strike against Iran, Hegseth’s broker’s plan to make such an investment would very likely be controversial. (CCTV News)