WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article
Published . Updated .
Key takeaways
- The effectiveness of European Union trade sanctions, Common High Priority (CHP) items and export controls, the role of crypto-assets in sanctions circumvention, sanctions enforcement, and the impact o...
- Exposed: ITA, XAR, USO, UNG, XOM
- Market reaction: ITA −2.2% on the day; XAR −2.1% on the day; USO +3.4% on the day
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The effectiveness of European Union trade sanctions, Common High Priority (CHP) items and export controls, the role of crypto-assets in sanctions circumvention, sanctions enforcement, and the impact o...
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF+1.2% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-3.5% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story.
- SMH VanEck Semiconductor ETF-16.2% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “export controls” (semiconductors) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“european”).
- ASML ASML Holding N.V-13.3% 10d
Chipmaking-equipment sales follow export rules. Linked by “export control” in this story
- TSM Taiwan Semiconductor Manufacturing-10.2% 30d
The main advanced-chip manufacturer sits in Taiwan. Linked by “export control” in this story
- NVDA Nvidia-8.2% 30d
Chip makers and their suppliers move when export rules or Taiwan risk changes. Linked by “export control” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | -7.07% | -2.20% | base | -2.16% | after close | after close | after close |
| XAR | -10.74% | -1.42% | base | -2.06% | after close | after close | after close |
| USO | +4.74% | +0.82% | base | +3.43% | after close | after close | after close |
| SMH | -12.00% | -3.92% | base | -1.04% | after close | after close | after close |
| VGK | -1.21% | +0.58% | base | -0.61% | after close | after close | after close |
| ASML | -11.40% | -1.39% | base | -2.42% | after close | after close | after close |
| TSM | -14.72% | -5.94% | base | -1.86% | after close | after close | after close |
| NVDA | +4.45% | +2.76% | base | -4.48% | after close | after close | after close |
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.
WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article LSM
Source: LSM
Price since this story was published: IShares U.S. Aerospace & Defense ETF (ITA)
| Company | When | Move | Status |
|---|---|---|---|
| ASML | that day | -2.42% | final price |
| ASML | three days earlier | -1.39% | final price |
| ASML | five days earlier | -11.40% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | -2.16% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -2.20% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -7.07% | final price |
| NVDA | that day | -4.48% | final price |
| NVDA | three days earlier | +2.76% | final price |
| NVDA | five days earlier | +4.45% | final price |
| SMH | that day | -1.04% | final price |
| SMH | three days earlier | -3.92% | final price |
| SMH | five days earlier | -12.00% | final price |
| TSM | that day | -1.86% | final price |
| TSM | three days earlier | -5.94% | final price |
| TSM | five days earlier | -14.72% | final price |
| United States Oil Fund (USO) | that day | +3.43% | final price |
| United States Oil Fund (USO) | three days earlier | +0.82% | final price |
| United States Oil Fund (USO) | five days earlier | +4.74% | final price |
| VGK | that day | -0.61% | final price |
| VGK | three days earlier | +0.58% | final price |
| VGK | five days earlier | -1.21% | final price |
| Spdr Series Trust (XAR) | that day | -2.06% | final price |
| Spdr Series Trust (XAR) | three days earlier | -1.42% | final price |
| Spdr Series Trust (XAR) | five days earlier | -10.74% | final price |
Congressional trades in the stocks in this story
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 20 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Cleo Fields bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 9 Oct 2026. That is 34 days before publication. Filed 22 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Taiwan Semiconductor Manufacturing (TSM), worth $1,001 - $15,000 on 22 Sep 2026. That is 51 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Taiwan Semiconductor Manufacturing (TSM) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 79 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Nvidia (NVDA), worth $1,001 - $15,000 on 23 Oct 2026. That is 20 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Nvidia (NVDA) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Nvidia (NVDA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 41 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 73 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 50 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 71 days before publication. Filed 7 Oct 2026. View the filing.
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).
Who gains and who loses around IShares U.S. Aerospace & Defense ETF (ITA)
Companies tied to 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 12 Nov 2026 story “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- XAR Spdr Series Trust
For “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- USO United States Oil Fund
For “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “russia” (oil) in this story
- UNG United States Natural Gas Fund
In “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence. Reason on file: United States Natural Gas Fund: it follows natural-gas prices. Linked by “russia” (natural gas) in this story
- XOM ExxonMobil Holdings
For “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
- COP Conocophillips
For “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
- SHEL Shell
In “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “russia” (oil) in this story
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
IShares U.S. Aerospace & Defense ETF (ITA) is the company in “WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article,” the 12 Nov 2026 Defense story.
IShares U.S. Aerospace & Defense ETF (ITA) is on the page because iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
A second company, Spdr Series Trust (XAR), is listed for a different reason: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
The price range for IShares U.S. Aerospace & Defense ETF (ITA), and the dates in the story
ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.
What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“WATCH: 'Sanctions Work: Degrading Russia’s War Machine' conference / Article” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.