WS #10581
Germany reportedly scraps plans to build six F126 frigates, sending Rheinmetall down 13% and dragging European defense stocks lower. Iran denies agreeing to IAEA inspections, while US says Tehran accepted highest level of monitoring; Strait of Hormuz remains contested.
German defense spending cut fears
Germany reportedly scraps plans to build six F126 frigates, sending Rheinmetall down 13% and dragging European defense stocks lower.
Iran denies agreeing to IAEA inspections, while US says Tehran accepted highest level of monitoring; Strait of Hormuz remains contested.