White House Says Russia Will Likely Use Ballistic Missiles Because They're Fast At Hitting Civilian Targets; U.S. And Allies Will Also Designate Induvials And Entities In Iran And Russia Involved In Delivery Of Weapons
Portfolio Pulse from Benzinga Newsdesk
The White House has indicated that Russia is likely to use ballistic missiles due to their speed in hitting civilian targets. In response, the U.S. and its allies plan to designate individuals and entities in Iran and Russia involved in the delivery of these weapons.
September 10, 2024 | 2:28 pm
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POSITIVE IMPACT
Increased geopolitical tensions involving Russia, a major oil producer, could lead to fluctuations in oil prices, impacting USO.
Russia's involvement in geopolitical tensions often leads to concerns about oil supply disruptions, which can cause oil prices to rise, potentially benefiting oil-related ETFs like USO.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The geopolitical tensions involving Russia and Iran could lead to increased market volatility, impacting broad market indices like SPY.
The potential use of ballistic missiles by Russia and subsequent sanctions by the U.S. and allies could lead to geopolitical instability, affecting investor sentiment and causing volatility in broad market indices like SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
European markets, represented by VGK, may experience volatility due to increased geopolitical tensions involving Russia.
The geopolitical tensions involving Russia could lead to instability in European markets, as Russia is a significant player in the region, potentially affecting ETFs like VGK.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 50