How oil, gas losses have shrunk Iran’s GDP by 10 percent during war
Published . Updated .
The oil and gas sector shrank 26 percent, new official data shows, pointing to the costs of the US-Israel war on Iran.
Directly affected
- No company is named in this report.
Indirectly affected
- FRO Frontline
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund
Oil prices move when Iranian supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with Iran supply risk
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
The oil and gas sector shrank 26 percent, new official data shows, pointing to the costs of the US-Israel war on Iran.
Source: Al Jazeera World
IShares U.S. Aerospace & Defense ETF (ITA) compared with industrial stocks (XLI) since 21 Sep 2026
Since the first closing price after “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” IShares U.S. Aerospace & Defense ETF (ITA) is -3.02%. The S&P 500 fund (SPY) is -0.88% over the same days, a -2.13% difference versus the market. industrial stocks (XLI) is -2.10%, a -0.92% difference versus that group of stocks.
IShares U.S. Aerospace & Defense ETF (ITA) filings in this defense story
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
IShares U.S. Aerospace & Defense ETF (ITA) on one side of this defense story
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
In “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- DUKB Duke Energy
For “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” Duke Energy (DUKB) is linked, with no stored direction, medium confidence. Reason on file: GA selected DUKB as a RELATED security because its canonical security name directly matches this event's themes: percent, energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- USO United States Oil Fund
In “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: Security escalation that explicitly implicates oil infrastructure or crude supply can transmit into crude-price and energy-equity proxies
- BNO United States Brent Oil Fund
In “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence. Reason on file: Security escalation that explicitly implicates oil infrastructure or crude supply can transmit into crude-price and energy-equity proxies
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war.” Reason on file: Security escalation that explicitly implicates oil infrastructure or crude supply can transmit into crude-price and energy-equity proxies
- AEIS Advanced Energy Industries
In “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AMPY Amplify Energy
Amplify Energy (AMPY) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war.” Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
The 21 Sep 2026 story “How oil, gas losses have shrunk Iran’s GDP by 10 percent during war” names IShares U.S. Aerospace & Defense ETF (ITA) because of Defense.
For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says Material security escalation can alter defense demand expectations and risk premia
Also listed, Spdr Series Trust (XAR): Material security escalation can alter defense demand expectations and risk premia
Dates and price levels for IShares U.S. Aerospace & Defense ETF (ITA)
DUKB traded between 19.75 and 21.11 across 20 sessions. The latest close on file is 20.80. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
How strong the case is around IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“How oil, gas losses have shrunk Iran’s GDP by 10 percent during war” scores 46 out of 100. The score uses 1 sources, and 14 linked companies.