The Wall Street Journal Reported Late Wednesday, U.S. And Israel Consider U.S-Run Saudi Nuclear Facility; Would Be Part Of Deal For Saudi Arabia To Normalize Relations With Israel
Portfolio Pulse from Charles Gross
The U.S. and Israel are considering a U.S-run nuclear facility in Saudi Arabia as part of a deal for Saudi Arabia to normalize relations with Israel, according to The Wall Street Journal.
September 21, 2023 | 8:43 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The potential U.S-run nuclear facility in Saudi Arabia could have a neutral to negative impact on the United States Oil Fund (USO) due to potential shifts in energy dynamics.
The potential U.S-run nuclear facility in Saudi Arabia could lead to shifts in energy dynamics, potentially reducing the demand for oil and negatively impacting USO.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The potential deal could have a neutral impact on the SPDR S&P 500 ETF (SPY) as it is a broad market indicator and not directly linked to Middle East affairs.
As SPY is a broad market indicator, it is not directly linked to Middle East affairs. Therefore, the potential deal is likely to have a neutral impact on SPY.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
The potential normalization of relations between Saudi Arabia and Israel could have a positive impact on the Israeli market, potentially benefiting the iShares MSCI Israel ETF (EIS).
The normalization of relations between Saudi Arabia and Israel could lead to increased economic cooperation and investment, potentially boosting the Israeli market and benefiting EIS.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The potential U.S-run nuclear facility in Saudi Arabia could have a positive impact on the Global X Uranium ETF (URA) due to increased demand for uranium.
The potential U.S-run nuclear facility in Saudi Arabia could lead to increased demand for uranium, which could boost the price of uranium and benefit URA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80