White House National Security Spokesperson Kirby Says We Share Israel's Concerns About An Iranian Attack; Timing Of Iran Attack On Israel Could Be This Week; We Have To Be Prepared For What Could Be Significant Attacks
Portfolio Pulse from Benzinga Newsdesk
White House National Security Spokesperson Kirby expressed concerns about a potential Iranian attack on Israel, which could happen this week. The U.S. is preparing for significant attacks.

August 12, 2024 | 5:09 pm
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POSITIVE IMPACT
The United States Oil Fund (USO) might see price fluctuations due to potential disruptions in the Middle East, a key oil-producing region.
Geopolitical tensions in the Middle East often lead to concerns about oil supply disruptions, which can drive oil prices higher. USO, being an oil-focused ETF, is likely to benefit from such price increases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could see increased volatility as geopolitical tensions between Iran and Israel escalate.
While SPY is a broad market ETF, significant geopolitical events can lead to market-wide volatility. However, the direct impact may be less pronounced compared to region-specific ETFs.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) may experience volatility due to heightened geopolitical tensions between Iran and Israel.
Geopolitical tensions often lead to market volatility, especially for ETFs focused on the affected region. EIS, being an Israel-focused ETF, is likely to be impacted negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The VanEck Vectors Israel ETF (ISRA) could face downward pressure due to the potential for significant attacks between Iran and Israel.
Similar to EIS, ISRA is an Israel-focused ETF and is likely to experience negative impacts due to the increased geopolitical risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100