Here's what's ahead for defense stocks "Latin American countries are of special significance in Iran's foreign and defense policy based on the importance of [the] very sensitive South American region," Iran's Defense Minister Mohammad Reza Ashtiani was quoted as saying. Iran's drones have made "considerable impact on any battlefield they have appeared in," according to Farzin Nadimi, an arms expert at The Washington Institute said. The U.S.' concerns center on Iran's deepening foreign alliances and dissemination of its lethal drones, analysts say. It added that a former Revolutionary Guard Corps commander, "boasted in October 2022 that 22 countries — including Algeria, Armenia, Serbia, Tajikistan, and Venezuela — had submitted formal requests for Iranian drones." Iran has previously provided drones to African countries including Sudan and Ethiopia, which the latter used against Tigrayan rebels.

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Persons: Oleksii Samsonov, Mohammad Reza Ashtiani, Edmundo Novillo, Novillo, Farzin, Nadimi, Novillo's, John Kirby, Biden, Ebrahim Raisi, Kirby, Annika Ganzeveld, Asad, Khomeini, Majid Asgaripour, Venezuela —, Raisi, ISW Organizations: Kyiv, Getty, Iran's, Bolivian, Bolivia's, CNBC, U.S . Defense Intelligence Agency, The Washington Institute, U.S . Institute for Peace, The U.S, U.S . National Security Council, Sepah, Anadolu Agency, American Enterprise Institute, Associated Press, U.S, Missiles, WANA, REUTERS, for, Revolutionary Guard Corps Locations: Russia, Kyiv, Ukraine, Iran, Washington, South America, Tehran, Fars, Bolivia, The, U.S, Europe, Africa, Latin America, Asia, America, Venezuela, Cuba, Nicaragua, U.S Ayn, REUTERS Washington, Algeria, Armenia, Serbia, Tajikistan, Iranian, Kenya, Uganda, Zimbabwe, Sudan, Ethiopia