Geopolitics Alpha

Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’

Published . Updated .

Key takeaways

  • Sen.
  • Exposed: XLI, XRT, ITA, USO, EZA
  • Market reaction: price tracking starts with the next trading session.

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Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’

Sen. Rand Paul (R-Ky.) said Republicans must confront the affordability crisis that contributed to their midterm losses, blaming the Iran war, President Donald Trump’s tariffs and persistent inflation...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • ITA iShares U.S. Aerospace & Defense ETF

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story.

  • EZA iShares MSCI South Africa ETF

    iShares MSCI South Africa ETF holds stocks listed in South Africa, which this story is about (“rand”).

  • CEW WisdomTree Emerging Currency Strategy Fund

    WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from South Africa.

  • EMB iShares J.P. Morgan USD Emerging Markets Bond ETF

    iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in South Africa

  • EMLC VanEck J.P. Morgan EM Local Currency Bond ETF

    VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from South Africa.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLI-3.98%-0.39%baseafter closeafter closeafter closeafter close
XRT-1.32%+1.93%baseafter closeafter closeafter closeafter close
ITA-3.72%+1.00%baseafter closeafter closeafter closeafter close
USO+1.59%-3.20%baseafter closeafter closeafter closeafter close
EZA+2.39%+3.43%baseafter closeafter closeafter closeafter close
CEW+0.00%+0.00%baseafter closeafter closeafter closeafter close
EMBNo price data for this ticker———————
EMLCNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’ Yahoo

Source: Yahoo

Select Sector Spdr Tr (XLI) since this story, compared with the market

CompanyWhenMoveStatus
Wisdomtree Tr (CEW)three days earlier0.00%final price
Wisdomtree Tr (CEW)five days earlier0.00%final price
Ishares (EZA)three days earlier+3.43%final price
Ishares (EZA)five days earlier+2.39%final price
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier+1.00%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier-3.72%final price
United States Oil Fund (USO)three days earlier-3.20%final price
United States Oil Fund (USO)five days earlier+1.59%final price
Select Sector Spdr Tr (XLI)three days earlier-0.39%final price
Select Sector Spdr Tr (XLI)five days earlier-3.98%final price
Spdr Series Trust (XRT)three days earlier+1.93%final price
Spdr Series Trust (XRT)five days earlier-1.32%final price

Members of Congress who traded Select Sector Spdr Tr (XLI) near this 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).

Companies in defense around Select Sector Spdr Tr (XLI)

Companies carried with this story

  • XLI Select Sector Spdr Tr

    In “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • XRT Spdr Series Trust

    In “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • ITA IShares U.S. Aerospace & Defense ETF

    IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “iran” (oil) in this story

  • EZA Ishares

    For “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’,” Ishares (EZA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI South Africa ETF holds stocks listed in South Africa, which this story is about (“rand”)

  • CEW Wisdomtree Tr

    Wisdomtree Tr (CEW) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’.” Reason on file: WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from South Africa

  • CAT Caterpillar

    Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • DE Deere

    In “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

Select Sector Spdr Tr (XLI) and the defense link

The 13 Nov 2026 story “Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’” names Select Sector Spdr Tr (XLI) because of Defense.

For Select Sector Spdr Tr (XLI), the reason on file says Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Spdr Series Trust (XRT) is here too. Its reason reads: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

What this defense story puts on the calendar

ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

What the saved facts support for Select Sector Spdr Tr (XLI)

46 out of 100

“Rand Paul Blames Iran War, Trump’s Tariffs for GOP Losses: ‘Things Cost Too Much and People Are Struggling’” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.