Iran war’s big winners: Wall Street, weapons firms, AI and green energy
Iran war’s big winners: Wall Street, weapons firms, AI and green energy
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A US-Israeli war on Iran in 2026 has led the IMF to downgrade global growth forecasts due to damaged energy infrastructure and the shutdown of the Strait of Hormuz. The global economy faces potential recession, with developing nations hit hardest by rising commodity prices and shipping crises. Despite the grim outlook, some industries are thriving. Wall Street investment banks are profiting from increased trading volume driven by market volatility. The war has also created opportunities for weapons firms, artificial intelligence companies, and the green energy sector. These industries benefit from the uncertainty and changing demands caused by the conflict.
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AI-ExtractedJP Morgan Chase reported first-quarter earnings of $16.49bn, up 13 percent year on year.
Goldman Sachs reported a profit of $5.63bn, up 19 percent year on year.
Morgan Stanley reported a profit of $5.57bn, up 29 percent year on year.
The IMF has downgraded its global growth forecast for 2026 from 3.3 to 3.1 percent, citing the impact of the US-Israeli war on Iran.
In the worst-case scenario of a prolonged war, the IMF said global growth could fall to 2.5 percent in 2026.
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