Yemen's Houthis Say They've Used Drones To Target A Number Of U.S. Warships In The Red Sea As Well As Sites In Eilat In Southern Israel
Portfolio Pulse from Benzinga Newsdesk
Yemen's Houthis have reportedly used drones to target U.S. warships in the Red Sea and sites in Eilat, southern Israel, according to a statement cited by Reuters.
February 20, 2024 | 4:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The targeting of sites in Eilat, Israel by Houthi drones could increase geopolitical tensions, potentially affecting the performance of the iShares MSCI Israel ETF (EIS).
Geopolitical tensions, especially involving military actions, can lead to market volatility. As EIS tracks Israeli equities, increased tensions could deter investment in the region, negatively impacting EIS's performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The drone attacks on U.S. warships by Yemen's Houthis could escalate tensions, potentially affecting the SPDR S&P 500 ETF Trust (SPY) due to increased market uncertainty.
Increased geopolitical tensions can lead to market uncertainty and volatility. As SPY tracks a broad range of U.S. equities, it could be negatively impacted by a risk-off sentiment among investors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The targeting of U.S. warships in the Red Sea by Houthi drones could disrupt oil supply routes, potentially impacting the United States Oil Fund LP (USO).
The Red Sea is a crucial route for global oil shipments. Any threat to shipping routes, especially involving U.S. assets, could lead to fears of supply disruptions, potentially driving up oil prices and impacting USO.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80