Israeli Official Says "Large Number" Of Strikes Called Off To Avoid Civilian Casualties; Campaign To Eliminate Hamas Could Take Months Or Years; Every Gaza Target "Approved At The Highest Level" Of Military
Portfolio Pulse from Benzinga Newsdesk
An Israeli official has stated that a 'large number' of strikes have been called off to avoid civilian casualties. The campaign to eliminate Hamas could take months or years, with every Gaza target being 'approved at the highest level' of the military.
October 17, 2023 | 4:00 pm
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NEUTRAL IMPACT
The United States Oil Fund (USO) could potentially be impacted by the conflict in Israel, as geopolitical tensions can affect oil prices.
The USO ETF tracks the price of West Texas Intermediate light, sweet crude oil. Geopolitical tensions, such as the conflict in Israel, can influence oil prices, but it's uncertain how significant this particular conflict will be on global oil markets.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The ongoing conflict in Israel could potentially impact the iShares MSCI Israel ETF (EIS) due to the country's unstable situation.
The ETF EIS tracks the investment results of an index composed of Israeli equities. The ongoing conflict could lead to instability in the Israeli market, potentially affecting the performance of EIS.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see minor impacts due to the conflict in Israel, as geopolitical tensions can influence global markets.
The SPY ETF tracks the S&P 500, a broad market index. While the conflict in Israel is significant, it is only one of many global factors that could influence the performance of SPY.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50