Iran's Guards Commander Haghtalab Says Ready To Launch 'Powerful Missiles To Destroy Designated Targets' In Israel
Portfolio Pulse from Benzinga Newsdesk
Iran's Guards Commander Haghtalab announced readiness to launch powerful missiles at designated targets in Israel, according to Reuters citing Iran's Tasnim.
April 18, 2024 | 11:31 am
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The announcement by Iran's Guards Commander may escalate tensions in the Middle East, potentially affecting global oil supply and prices, which could impact USO.
Geopolitical tensions in the Middle East, especially involving major oil-producing countries, can lead to disruptions in oil supply or affect global oil prices. As USO tracks the price of crude oil, any potential conflict that threatens oil production or transportation can negatively impact USO's price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70