Pentagon Denies Allegations of Hegseth Broker Investment Ahead of Iran War

The United States Department of Defense has demanded the retraction of a newspaper report claiming that a broker for Defence Secretary Pete Hegseth attempted to arrange a multimillion dollar investment in weapons companies prior to the Iran war. Pentagon spokesman Sean Parnell called the report “entirely false and fabricated” and demanded an “immediate” retraction on Monday.

Alleged Investment Details

The Financial Times reported that a wealth manager for Hegseth contacted BlackRock about investing in a defence-related exchange-traded fund, which included companies such as Lockheed Martin and Northrop Grumman. According to the report, the investment did not proceed because the fund was not yet available for purchase.

Pentagon Response and Ethics Assurance

Parnell emphasized, “Neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment. This is yet another baseless, dishonest smear designed to mislead the public.” He reaffirmed that Hegseth and his department “remain unwavering in their commitment to the highest standards of ethics and strict adherence to all applicable laws and regulations.”

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