President Biden Says U.S. Sanctioning Former Iranian President Ahmadinejad And Iranian Intelligence Ministry
Portfolio Pulse from Benzinga Newsdesk
President Biden has announced sanctions against former Iranian President Ahmadinejad and the Iranian Intelligence Ministry. This could potentially impact the global oil market and related ETFs.
September 18, 2023 | 2:36 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, could be indirectly affected by these sanctions due to potential changes in the global oil market.
The sanctions could potentially disrupt the global oil market, which could indirectly affect the S&P 500 and therefore the SPY ETF. However, the extent of this impact is uncertain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The USO ETF, which tracks the performance of the oil market, could be directly affected by these sanctions due to potential disruptions in the global oil market.
The sanctions could potentially disrupt the global oil market, which could directly affect the performance of the oil market and therefore the USO ETF. However, the extent of this impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70