EUAD is trading 3.35% up in after-hours trading as escalating U.S.-Iran tensions in the Strait of Hormuz drive demand for defense sector equities.
- Geopolitical risks intensified following the seizure of container ships by Iranian forces and subsequent U.S. military responses, including directives to triple mine-clearing efforts.
- Oil prices spiked above $105 per barrel, amplifying geopolitical risk premiums and driving investor appetite for aerospace and defense holdings.
- The ETF significantly outperformed the broader market, which declined 0.44-0.58%, as investors pivoted toward defensive positioning and military contractors.