The funniest beneficary if US invades Iran was:
Pistachios.
Not even joking.
Did you know US (California) and Iran operate a virtual duopoly in pistachio production?
This is the $AXTI InP situation as the two control ~70-80% of the world’s supply.
Companies like $JBSS might benefit from Pistachio prices going up (if California becomes a monopoly)
Unfortunately there’s no Pistachio Futures, so I’m not taking any positions but I just found this fun fact amusing, so wanted to share.
I’ll do another writeup on more nuanced second order effects and potential longs soon.
US strikes seem likely so standard oil like $CVX or $XLS and Defence like $AVAV or $ITA might be good longs/hedges here.