International Criminal Court Raises Alarm Over Israeli Rafah Operations, Urges Justice For War Crimes
Portfolio Pulse from Piero Cingari
Karim Ahmad Khan, an ICC prosecutor, expressed serious concerns about Israeli military operations in Rafah, warning of potential war crimes. The ICC is focusing on bringing justice for violations of the Rome Statute. This comes after an Israeli operation in Rafah resulted in the liberation of two hostages but also the deaths of numerous Palestinians. U.S. Secretary of State Antony Blinken emphasized the need for peace and security for both Israelis and Palestinians. Despite the conflict, Israeli stocks have not been materially affected, with the iShares MSCI Israel ETF (EIS) rising 0.3%.
February 12, 2024 | 9:58 pm
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POSITIVE IMPACT
The iShares MSCI Israel ETF (EIS) rose 0.3% amid concerns over Israeli military operations in Rafah, reaching its highest level in over a year.
The rise in EIS despite the ongoing conflict and international legal scrutiny suggests that the market is currently viewing the situation as having a limited direct financial impact on Israeli stocks. The increase in EIS could be attributed to investor confidence in the resilience of the Israeli market or a perception that the conflict will not escalate to a level that significantly affects the Israeli economy.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80