White House's Kirby Says If Iran Tries To Divert Funds Held In South Korea We Will Take Action And Lock Them Up Again; Iran Will Be Getting No Sanctions Relief
Portfolio Pulse from Benzinga Newsdesk
The White House has warned Iran that if it attempts to divert funds held in South Korea, the US will take action and lock them up again. The US has also stated that Iran will not be receiving any sanctions relief.
September 13, 2023 | 5:39 pm
News sentiment analysis
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NEGATIVE IMPACT
The situation could potentially impact South Korea's economy and thus the iShares MSCI South Korea ETF (EWY).
The White House's warning to Iran about diverting funds held in South Korea could potentially lead to economic instability in South Korea. This could negatively impact the performance of the iShares MSCI South Korea ETF (EWY), which tracks the South Korean market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The situation could potentially impact global markets and thus the SPDR S&P 500 ETF (SPY).
The White House's warning to Iran could potentially lead to global market instability. This could negatively impact the performance of the SPDR S&P 500 ETF (SPY), which tracks the US market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The situation could potentially impact oil markets and thus the United States Oil Fund (USO).
The White House's warning to Iran could potentially lead to instability in the oil markets. This could negatively impact the performance of the United States Oil Fund (USO), which tracks the price of oil.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60