Israel Finance Minister Smotrich Responds To World Court Ruling, Says Demanding Israel Stop The War Is Asking It To Cease To Exist; Israel Will Not Agree To That
Portfolio Pulse from Benzinga Newsdesk
Israel's Finance Minister Smotrich has responded to a World Court ruling, stating that demanding Israel to stop the war is equivalent to asking it to cease to exist. He emphasized that Israel will not agree to such demands.
May 24, 2024 | 1:54 pm
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NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to heightened geopolitical tensions following the Finance Minister's strong response to the World Court ruling.
The strong political stance taken by Israel's Finance Minister could lead to increased geopolitical tensions, potentially impacting the Israeli market and, consequently, the EIS ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The VanEck Vectors Israel ETF (ISRA) might face short-term pressure due to the Finance Minister's firm stance against the World Court ruling, which could escalate geopolitical risks.
The firm response from Israel's Finance Minister could heighten geopolitical risks, potentially affecting the performance of the ISRA ETF.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80