Defense & Aerospace Report Defense & Aerospace Daily Podcast [Mar 02, 2026] Dov Zakheim on Iran & Look Ahead w/ Byron Callan
Mar 2, 2026
Guest
Richard (Speaker referred to as Richard in transcript)
Guest
Sash Tusa
Guest
Ron (Speaker referred to as Ron in transcript)
Richard, a defense and aerospace adviser; Sash Tusa, European aerospace/defense analyst; and Ron, a Washington market analyst, examine US‑Israeli strikes on Iran and risks of regional escalation. They discuss weapons stockpile strain, impacts on air travel and insurance, European defense industry capacity, and implications for budgets and future procurement.
AI Snips
Chapters
Transcript
Episode notes
Watch Treasuries Gold And Oil Immediately After Middle East Shocks
- Expect initial market 'flight to safety' moves: U.S. Treasuries, dollar, gold, and volatility at the open.
- Ron recommends watching oil and 10-year yields closely as indicators of investor risk appetite.
Insurance Pullback Can Shut Hormuz Faster Than Military Action
- Insurer and shipping reactions can quickly close the Straits of Hormuz even if militaries keep lanes nominally open.
- Sash notes insurers withdrawing cover and navies unable to guarantee safe transits have effectively shut the Straits.
GPS Jamming Is Grounding Major Middle East Hubs
- Airspace risks and GPS jamming are causing major hubs like Dubai to go dark, disrupting global routings.
- Sash observed Flightradar24 evidence of jamming and empty Dubai International traffic for consecutive days.