Iran's Involvement In Israel-Hamas Conflict Is Key For The Future Of US Inflation
Portfolio Pulse from Natan Ponieman
The Israel-Hamas conflict could impact global oil prices, depending on Iran's involvement. Iran, a backer of Hamas, controls the Strait of Hormuz, through which 20-30% of global oil inventory passes. Increased sanctions on Iran could raise oil prices, affecting US inflation. Rising oil prices could benefit US-based oil extraction companies like Exxon Mobil, Chevron, and Shell, and ETFs like the United States Oil Fund LP, the iShares U.S. Oil & Gas Exploration & Production ETF, and the ProShares Ultra Bloomberg Crude Oil. However, a spike in inflation could negatively impact tech companies like Apple, Amazon, and Meta, and consumer discretionary companies like Tesla, General Motors, Ford, and Volkswagen.
October 12, 2023 | 9:46 pm
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NEGATIVE IMPACT
Apple could be negatively impacted by a potential spike in inflation due to the Israel-Hamas conflict.
Apple is a tech company that was negatively impacted by the inflation spike in 2022. If inflation spikes again due to the Israel-Hamas conflict and potential increased sanctions on Iran, Apple could be negatively impacted.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Amazon could be negatively impacted by a potential spike in inflation due to the Israel-Hamas conflict.
Amazon is a tech company that was negatively impacted by the inflation spike in 2022. If inflation spikes again due to the Israel-Hamas conflict and potential increased sanctions on Iran, Amazon could be negatively impacted.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Meta could be negatively impacted by a potential spike in inflation due to the Israel-Hamas conflict.
Meta is a tech company that was negatively impacted by the inflation spike in 2022. If inflation spikes again due to the Israel-Hamas conflict and potential increased sanctions on Iran, Meta could be negatively impacted.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Chevron could benefit from rising oil prices due to the Israel-Hamas conflict.
Chevron is a major oil extraction company. If oil prices rise due to the Israel-Hamas conflict and potential increased sanctions on Iran, Chevron could see increased profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Shell could benefit from rising oil prices due to the Israel-Hamas conflict.
Shell is a major oil extraction company. If oil prices rise due to the Israel-Hamas conflict and potential increased sanctions on Iran, Shell could see increased profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Exxon Mobil could benefit from rising oil prices due to the Israel-Hamas conflict.
Exxon Mobil is a major oil extraction company. If oil prices rise due to the Israel-Hamas conflict and potential increased sanctions on Iran, Exxon Mobil could see increased profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80