UN Adds Israel, Hamas To Child Rights Violations List; Netanyahu To Address US Congress In July
Portfolio Pulse from Piero Cingari
The United Nations has added Israel's military, Hamas, and Palestinian Islamic Jihad to a list of offenders for child rights violations. Israeli Prime Minister Netanyahu will address the U.S. Congress in July. Israeli stocks, tracked by the iShares Israel ETF (EIS), fell due to a weakening shekel. Oil prices, tracked by the United States Oil Fund (USO), also declined.
June 07, 2024 | 7:58 pm
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NEGATIVE IMPACT
The iShares Israel ETF (EIS) fell 0.3% due to a weakening shekel, marking the fourth straight session of losses.
The weakening shekel, driven by geopolitical tensions and economic instability, has directly impacted the value of the iShares Israel ETF (EIS), causing a decline in its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Oil prices, tracked by the United States Oil Fund (USO), fell 0.4% amid ongoing geopolitical tensions in the Middle East.
Geopolitical tensions in the Middle East, particularly involving Israel and Gaza, have contributed to a decline in oil prices, impacting the United States Oil Fund (USO).
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60