US Raises Concerns Over Alleged Use Of White Phosphorus By Israel In Lebanon Attack
Portfolio Pulse from Piero Cingari
The White House expressed concerns over reports that Israel used U.S.-supplied white phosphorus munitions in an attack on southern Lebanon in October, potentially violating international humanitarian law. The Washington Post's analysis of shell fragments found in a Lebanese village indicated that at least nine civilians were injured. Amnesty International suggested investigating these actions as potential war crimes. White House spokesperson John Kirby stated the U.S. expects such munitions to be used lawfully. Israeli Defense Minister Yoav Gallant affirmed Israel's adherence to international law. The iShares MSCI Israel ETF (EIS) dropped 1.26% following the news.
December 11, 2023 | 10:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
iShares MSCI Israel ETF (EIS) fell 1.26% after reports of Israel's use of white phosphorus in Lebanon, which could impact U.S.-Israel relations and raise ethical and legal concerns.
The negative news regarding Israel's alleged use of white phosphorus could lead to increased scrutiny and potential regulatory action, which may affect investor sentiment towards Israeli assets, including EIS. The ETF's price drop reflects immediate market reaction to the controversy.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80