Jordan's King Abdullah Said No Security Or Stability Or Peace In Middle East Region Until Palestinians Achieve A Sovereign State Alongside Israel
Portfolio Pulse from Charles Gross
Jordan's King Abdullah has stated that there will be no security, stability, or peace in the Middle East until Palestinians achieve a sovereign state alongside Israel. This statement could potentially impact the geopolitical situation in the region.
October 11, 2023 | 10:23 am
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be impacted by the geopolitical situation in the Middle East, as it tracks the investment results of an index composed of Israeli equities.
The ETF's performance is directly linked to the Israeli market, which could be affected by the geopolitical situation in the region. If the situation escalates, it could lead to market instability, potentially negatively impacting the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted due to its broad exposure to the global market, including companies that have significant operations in the Middle East.
While the SPY ETF is not directly linked to the Middle East, any significant geopolitical changes in the region could have a ripple effect on the global market, potentially impacting the ETF's performance.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be impacted due to the geopolitical situation in the Middle East, a major oil-producing region.
The Middle East is a major oil-producing region. Any geopolitical instability could disrupt oil production or supply, potentially impacting the performance of the USO ETF.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80