The economic winners of the four-month military campaign against Iran have emerged clearly: defence contractors, energy companies, and investment banks have recorded soaring profits as the conflict upended global markets.
This sectoral divergence highlights how geopolitical instability has been rapidly capitalized upon by specific industries, even as the broader economic toll mounts.
Multiple wire services, including BBC and Al Jazeera, report that these sectors have benefited disproportionately from the volatility.
The surge in demand for military hardware and the spike in energy prices have driven earnings higher for major players in these fields.
Investment banks have also capitalized on the increased trading volumes and advisory fees associated with the crisis.
This profit surge comes against a backdrop of significant macroeconomic cost.