White House Reporter For Bloomberg Jennifer Jacobs Posts On X "U.S. And Allies Believe Major Missile And Drone Strikes By Iran And Its Proxies Against Military And Govt Targets In Israel Are Imminent; Civilian Facilities Not Expected To Be Targeted"
Portfolio Pulse from Benzinga Newsdesk
The U.S. and its allies anticipate imminent major missile and drone strikes by Iran and its proxies against military and government targets in Israel, as reported by Bloomberg's White House reporter Jennifer Jacobs. Civilian facilities are not expected to be targeted.
April 10, 2024 | 5:37 pm
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POSITIVE IMPACT
The United States Oil ETF (USO) might see price fluctuations due to potential disruptions in the Middle East affecting oil supply perceptions.
Given USO's focus on tracking the price of U.S. crude oil, any geopolitical tensions in the Middle East, particularly involving a major oil producer like Iran, could lead to speculative price increases due to fears of supply disruptions, even if temporary.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
Anticipated missile and drone strikes by Iran could lead to increased volatility in the iShares MSCI Israel ETF (EIS) due to heightened geopolitical tensions.
Given that EIS tracks the investment results of an index composed of Israeli equities, any geopolitical tension directly involving Israel is likely to negatively impact investor sentiment towards Israeli assets, potentially leading to a decrease in EIS's price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience indirect effects from the anticipated strikes due to increased market volatility and risk aversion among global investors.
While SPY represents a broad range of U.S. equities and is not directly related to Israeli securities, increased geopolitical tensions can lead to global market volatility and risk aversion, potentially affecting SPY's performance negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50