Israel Defense Minister Said He Has Ordered Total Blockade On Gaza: No Electricity, No Food, No Fuel
Portfolio Pulse from Charles Gross
Israel's Defense Minister has ordered a total blockade on Gaza, including no electricity, food, or fuel, according to Reuters.
October 09, 2023 | 9:25 am
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NEUTRAL IMPACT
The total blockade on Gaza ordered by Israel's Defense Minister, including no fuel, could potentially impact the United States Oil Fund (USO).
While the blockade includes no fuel, it's unclear how this will directly impact global oil markets and the USO ETF. The situation should be monitored for potential impacts.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The total blockade on Gaza ordered by Israel's Defense Minister could potentially impact the iShares MSCI Israel ETF (EIS).
The blockade could lead to increased tensions and instability in the region, which could negatively impact the performance of the ETF that tracks the Israeli market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The total blockade on Gaza ordered by Israel's Defense Minister could potentially impact the SPDR S&P 500 ETF (SPY) due to potential geopolitical risks.
Geopolitical risks can cause market volatility and impact broad market indices such as the S&P 500. The blockade could increase these risks, potentially impacting the performance of the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60