Teene ZahidUS SecDef Hegseth's Morgan Stanley broker supposedly offered Blackrock a "defense ETF" days before the '26 US-IR war. While the absence of said ETF implies Morgan Stanley & Blackrock were unable to agree upon the T&Cs, this story poses 2 questions:
-As a "multinational Hormuz security force" is unviable, where did Morgan Stanley &/or Blackrock think said ETF's ROI would come from?
-Was Pakistan's ~$20b undocumented offshore wealth (e.g. in UK & US) & ~$10b IMF debt (US HQ), viewed as seed money?
-As a "multinational Hormuz security force" is unviable, where did Morgan Stanley &/or Blackrock think said ETF's ROI would come from?
-Was Pakistan's ~$20b undocumented offshore wealth (e.g. in UK & US) & ~$10b IMF debt (US HQ), viewed as seed money?