White House's Kirby Says No Specific Evidence That Iran Was Involved In Attack On Israel, But Broadly They Are Certainly Complicit
Portfolio Pulse from Benzinga Newsdesk
The White House's Kirby stated that there is no specific evidence implicating Iran in the recent attack on Israel, but broadly they are considered complicit. This statement could potentially impact the geopolitical landscape and related assets.
October 12, 2023 | 5:37 pm
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) could be affected by the geopolitical tensions between Iran and Israel.
Geopolitical tensions can have a significant impact on the stock market, particularly for ETFs like EIS that are focused on a specific country. The uncertainty surrounding the situation between Iran and Israel could lead to increased volatility for EIS.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could see some impact due to the geopolitical tensions between Iran and Israel, although the effect is likely to be less direct.
While SPY is not directly linked to Israel, geopolitical tensions can affect the overall market sentiment and lead to increased volatility. This could potentially impact SPY, although the effect is likely to be less direct compared to country-specific ETFs like EIS.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be affected by the geopolitical tensions between Iran and Israel, given Iran's significant role in the global oil market.
Iran plays a significant role in the global oil market. Any geopolitical tensions involving Iran could potentially disrupt the oil market and affect related assets like USO.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70