Russia has been aiding Iran in developing supersonic cruise missile technology through a covert program that began in 2023. Russian missile specialists have been advising Iran on ramjet propulsion technology that could enable these missiles to travel several times the speed of sound. This collaboration poses a potential threat to U.S. warships and other strategic targets. It is part of the broader Iran-Israel conflict, currently under a fragile ceasefire following hostilities earlier in 2026. Markets have slightly adjusted probabilities regarding a potential military clash between NATO and Russia by the end of 2026.
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