Saudi Crown Prince Says If Iran Gets Nuclear Weapon, We Have To Get One
Portfolio Pulse from Benzinga Newsdesk
Saudi Crown Prince has stated that if Iran acquires a nuclear weapon, Saudi Arabia will also have to get one. This statement could potentially escalate tensions in the Middle East.
September 20, 2023 | 7:19 pm
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The statement by the Saudi Crown Prince could potentially escalate tensions in the Middle East, which may impact global markets and thus the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Increased geopolitical tensions, especially in the Middle East, can lead to market volatility and potentially negatively impact the SPY ETF in the short term.
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