'U.S. Forces Thwart Drone Strikes Headed For Bases In Syria; American Bases Have Faced A Spate Of Attempted Attacks In Iraq And Syria Within 48 Hours' - Politico
Portfolio Pulse from Benzinga Newsdesk
The American military has successfully intercepted two separate drone strikes in Syria, following similar incidents in Iraq. The attempted attacks are part of a series of incidents over the last 48 hours targeting U.S. forces in Iraq and Syria. U.S. officials have expressed concern about such attacks amid escalating conflict in Israel and Gaza, warning that Iran and other countries hostile to the U.S. could seek to take advantage of the instability in the region.
October 19, 2023 | 5:20 pm
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NEGATIVE IMPACT
The escalating conflict in the region could potentially impact the iShares MSCI Israel ETF (EIS), as Israel is directly involved in the conflict.
The escalating conflict in Israel and the surrounding region could potentially lead to instability in the Israeli market, which could negatively impact the performance of the iShares MSCI Israel ETF (EIS).
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted by the escalating conflict in the Middle East, as it could lead to increased market volatility.
The escalating conflict in the Middle East could potentially lead to increased market volatility, which could negatively impact the performance of the SPDR S&P 500 ETF (SPY).
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
The United States Oil Fund (USO) could potentially be impacted by the escalating conflict in the Middle East, as it could disrupt oil production and supply in the region.
The escalating conflict in the Middle East could potentially disrupt oil production and supply in the region, which could negatively impact the performance of the United States Oil Fund (USO).
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70