Red Cat Holdings Inc (NASDAQ:RCAT) shares are getting a boost Wednesday as drone‑related stocks rally on rising geopolitical tensions between the U.S. and Iran, following Vice President JD Vance’s comments that President Donald Trump is prepared to use military force if necessary.
- Red Cat Holdings stock is surging to new heights today. What’s behind RCAT gains?
Diplomatic Tensions Fuel Uncertainty
Vice President Vance said Iran failed to meet key U.S. demands during this week’s nuclear discussions, leaving the door open for potential military action, according to CNBC.
U.S. envoys Steve Witkoff and Jared Kushner met with Iranian officials in Geneva on Tuesday. Abbas Araghchi, Iran’s foreign minister, described the talks as “constructive” and said both sides reached a broad framework for continued dialogue, per Iranian media cited by CNBC. Vance, however, offered a far more cautious readout.
“In some ways it went well, they agreed to meet afterwards,” Vance told Fox News on Tuesday evening. “But in other …