US F-35 (LMT) damaged by suspected Iranian fire makes emergency landing, CNN reports citing sources

The reported damage to a US F-35 due to suspected Iranian fire raises concerns over escalating tensions in the region, which could lead to increased geopolitical risks. Such incidents often prompt market volatility, particularly impacting defense contractors like Lockheed Martin, as investors assess the implications for military operations and spending. While the immediate effect may be contained, the risk of a broader conflict could influence sentiment across equities and commodities, particularly oil.