U.S. Sec Of State Blinken Says None Of $6B Iran Fund Has Been Accessed
Portfolio Pulse from Benzinga Newsdesk
U.S. Secretary of State, Blinken, has stated that none of the $6 billion Iran fund has been accessed.
October 12, 2023 | 4:42 pm
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NEUTRAL IMPACT
The news about the Iran fund may not have a direct impact on SPY as it is a broad market ETF.
SPY is a broad market ETF and is not directly influenced by geopolitical events unless they have a significant impact on the overall market. The news about the Iran fund is more of a geopolitical issue and may not have a significant impact on the overall market.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
The news about the Iran fund may not have a direct impact on USO as it is an ETF that tracks the performance of West Texas Intermediate (WTI) crude oil.
USO is an ETF that tracks the performance of West Texas Intermediate (WTI) crude oil. The news about the Iran fund is more of a geopolitical issue and may not have a significant impact on the price of WTI crude oil.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 20