The conflict with Iran, now in its 20th day, highlights a years-long surge in global military spending that’s driving a boom in defense stocks and racking up billions in gains for owners.

The U.S. Energy Department ​said it had awarded contracts to loan 45.2 ‌million barrels of crude oil from the Strategic Petroleum Reserve as of Friday.

Swiss law prohibits selling war materiel to countries involved in armed conflict, a policy the country has already cited to block sales to Israel and Iran.

Some of the proposed sales, valued at more than $23 billion, were under review, while others were never sent to Congress. The ...

The U.S. approved roughly $23 billion in weapons sales to three Gulf nations, moving to bolster their defenses as the Middle East war continued to escalate.

The federal judge agreed to block the Trump administration from enforcing the policy, ruling key portions of the new rules ...